Latest Primary Capital Partners News
Aug 12, 2019
Primary Capital Partners buys-out Foster + Freeman By Primary Capital Partners has led a management buy-out of forensic science equipment provider Foster + Freeman. The UK-based business attributes its success to creating new solutions to its requirements of forensic document examination and investment in research and design. “Foster + Freeman is an excellent example of how a British engineering company can successfully compete on a worldwide stage,” Alistair Armstrong, partner at Primary Capital, said. “We look forward to partnering with Bob Dartnell and the exceptionally talented people at Foster + Freeman to invest further in R&D and new product development and accelerate the company’s technology leadership, whilst also continuing to deliver the outstanding customer service for which the business has become known.” The business produces technology such as the new Recover product, the only technology available worldwide for developing fingermarks on fired ammunition casings or bomb fragments. PwC Corporate Finance acted as lead adviser to management, and also provided financial and tax due diligence. Pinsent Masons acted as legal adviser to Primary and DLA acted as legal adviser to management. The sellers were advised by Richard Knight from Harrison Clark Rickerbys. HSBC provided the debt facility. Primary is a leading provider of private equity finance for UK-based growth companies valued between £20m and £100m. TAGS
Primary Capital Partners Team
1 Team Member
Primary Capital Partners has 1 team member, including current Chief Executive Officer, Neil Wallace.