Clay pigeon firm triggers MBO
Date added:
13/01/2015
NVM Private Equity has sold its stake in North West clay pigeon shooting target maker Promatic. A syndicate led by Promatic's senior management and including CCI International, a manufacturer and distributor of clay pigion targets, has completed the sale for twice NVM's original investment. NVM bought Promatic in 2007 to support its management buy-out and allow the the business to leverage its brand in both existing and new markets globally. Promatic, which employs 55 people at its Hooton, Cheshire headquarters and a further 15 at Gow.....
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