- Lead advisory
- Sold to publicly listed trade purchaser
Momentum Corporate Finance has advised the shareholders of DVS Limited (“DVS”) on their sale to Midwich Limited (“Midwich”).
Momentum Corporate Finance advised the shareholders of Cooper Projects Limited (trading as “DVS”) on their sale to Midwich Group Plc (“Midwich”).
Based in Cardiff, DVS was founded in 2003 as a specialist distributor of CCTV and associated video recording technologies, in which it has developed a strong market reputation working primarily with leading global brand HikVision. In recent years, DVS has begun to diversify its portfolio to include complementary technologies, such as access control, intercom, and intruder detection.
DVS provides solutions for trade customers throughout the UK, across key verticals including the corporate, retail and residential markets amongst many others. An extensive range of value-add services are provided to customers by DVS including project design, ongoing technical support, training and the innovative proprietary installer programme which connects end-users with DVS customers in their geographic and technology area.
Midwich is a specialist AV distributor to the trade market, with operations in the UK and Ireland, EMEA, Asia Pacific and North America. The Group’s long-standing relationships with over 500 vendors, including blue-chip organisations, support a comprehensive product portfolio across major audio visual categories such as large format displays, projectors, digital signage and professional audio. The Group operates as the sole or largest in-country distributor for a number of its vendors in their respective product sets.
Momentum Corporate Finance acted as lead advisor on the transaction, with Lewis Silkin LLP providing legal advice to the shareholders of DVS.