Sector: Business Goods, Industrials
Deal type: Secondary management buyout
Investment date: November 2011
Realisation date: June 2015
Leeds-based Volvox Group designed and supplied lighting, electrical and consumable products under the Ring Automotive, BMAC and Van-Line brands.
Its customers included vehicle manufacturers as well as the UK and European after-market, where it supplied major retailers and distributors.
“Other firms tried to look at us as if we were a manufacturer but Elysian could see the knowledge base of the business that others could not grasp. The business was at a crossroads and needed to maintain its entrepreneurial ability whilst becoming more structured and Elysian’s partners’ experience helped us make this transition together.”
Chief Executive, Volvox
Volvox was formed as a buyout of a group of non-core businesses in 2005. Its then private equity backer, LDC, sought to sell the company and the highly experienced management team were looking for a new partner to help it reach its next level of growth.
Volvox had demonstrated:
In June 2015, we, and the management, sold the group to Rubicon Partners, an investment partnership focused on industrial businesses in Europe and North America.
Under our ownership, Volvox had grown within the UK and internationally, continuing its market-leading product innovation.
In those four years, Volvox: