Momentum Corporate Finance has advised the management team of DVS Limited (“DVS”) on the management buyout of the company, supported by HSBC Bank.
DVS was formed in 2003 and has established itself as one of Europe’s most successful multi-brand distributors of electronic surveillance products. It is the largest independent CCTV distributor in the UK and the largest distributor of Hikvision surveillance products in Europe.
The company has quadrupled in size over the last four years and is predicted to turnover £22 million in the 2015/16 financial year. Last year DVS moved to a new 21,000 sq ft headquarters, and was named Fastest Growing B2B Company at the Wales Fast Growth 50 Awards 2015.
Momentum advised the management team, negotiating commercial terms with the outgoing vendors and arranging funding for the deal on behalf of management. The MBO was led by Tim Goodson (Managing Director) and Gavin Dunleavy (Strategic Sales Director) with Scott Douglas continuing in his role as Sales Director.
