Advent Partners want to repeat recent success by helping Midlands manufacturing businesses fulfil their potential
Midlands, England (PRWEB UK) 19 July 2013 -- With news that manufacturing has enjoyed an impressive recovery in the past two months, a team of investors is looking to provide Midlands-based manufacturing SMEs with working capital to help such businesses fulfil their potential.
Advent Partners LLP recently announced plans to divest its interest in Midlands-based manufacturer TMAT, having transformed it from a struggling business into one that is now turning over around £12m per year and which Advent would now like to match with a larger group so that it can fulfil its global ambitions.
Headed up by Andrew Ramsbottom and David Gee - whom between them have 40 years of operational, finance and commercial experience -Advent is now looking to repeat that success by investing in Midlands-based manufacturing or product-based businesses with up to £15 million turnover requiring capital and support management.
Andrew Ramsbottom said: “We’d love to do for other businesses in the Midlands what we’ve done for TMAT.
“Any investment we make is by no means just about the money: David and I work on the principle that the investor is as important as the investment itself. That means we look to add value through our vast experience in getting out the best in businesses to help them fulfil their potential and supporting the management team in our shared goals.
“The economy may well be beginning to turn a corner but we’re out of the woods yet, which is why businesses need our capital investment, guidance and support to not only see them through to the other side but to actually come out as a flourishing business with room for even further growth, like we have with TMAT.”
Advent specialises in providing private funding of up to £0.5 million per transaction to unlock potential and maximise future development and always holds an equity position within the business providing management support, driving change and delivering success. Partners Andrew Ramsbottom and David Gee are members of the Institute For Turnaround.
The Markit/CIPS purchasing managers' index (PMI) has shown a rise to 52.5 in June, the strongest growth in UK manufacturing since May 2011. The figures have boosted homes of a strengthening economic recovery in Britain.
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About Advent Partners
Advent Partners offers private investment for Midlands-based SMEs and is backed by 40 years of operational, finance and commercial experience.
Investing its own capital enables Advent to respond quickly to client needs, which can be key in today’s fast commercial pace. Its primary focus is aimed at companies with significant growth prospects that are currently turning over approximately £5 – £15 million.
Advent specialises in providing private funding of up to £0.5 million per transaction to unlock potential and maximise future development. Advent always holds an equity position within the business providing management support, driving change and delivering success.
It believes the people behind an investment are as important as the investment itself…the same goes for the businesses it invests into. The people who had the spark of the initial idea and have taken the business to where it stands today are key. Advent’s collective experience provides management support, assisting board meetings, discussing problems and challenging issues that may arise.
Advent’s intention is not to interfere in the day-to-day running of the company but leaving management to do what they do best. Instead, its role is to add value to the company not only with funding but also with its unique approach and wealth of expertise.
Rory ffoulkes, Lexicon Public Relations Limited, 0845 456 2106, [email protected]
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