Belief Techniques, a Cirencester-based community consulting and managed companies supplier, was acquired in a £ 10million MBO backed by NVM Personal Fairness.

The corporate has constructed buyer loyalty within the retail and transportation industries, securing main contracts with many high manufacturers together with Aldi, Holland & Barrett, Waterstones and Nationwide Specific. It additionally enjoys a stable repute in offering enterprise companies, putting in networks and monitoring efficiency with main companions together with Ark.

Tom Stone and Mike Dowson, who will stay vital shareholders, launched Belief Techniques in 2007 and, at their head, the corporate has developed partnership accreditations with OEMs akin to Cisco, Samsung, IBM, Dell and BT.

David Rolfe led the funding for NVM, with assist from James Arrowsmith. The 2 will be a part of the council.

NVM has appointed Ben Marnham as president. who brings a wealth of trade expertise, having beforehand led and co-invested within the £ 50million MBO of managed service supplier Timico in 2017, the place he additionally served as Managing Director for 2 years. He’s at present president of Circle IT, Zest4 and Xperience Group.

The funding is the eighth in NVM’s Personal Fairness Classic III LP fund and follows the announcement earlier this week of a £ 18million MBO from Pareto Services Administration.

Mike Dowson, Director of Belief Techniques, stated: “After dramatically growing groups and actions over the previous few years and assembly the unimaginable challenges posed by the pandemic, Belief Techniques is now in a implausible partnership to additional enhance its share of market.

“Belief Techniques is lucky to have a portfolio of loyal clients, lots of whom will profit from this funding as we proceed to develop the groups of proficient professionals who assist them each day.”

His managing colleague, Tom Stone, added: “Working with David Rolfe and James Arrowsmith of NVM all through the transaction course of has been a terrific expertise and we glance to proceed within the time forward.

“As well as, the speedy addition of Ben Marnham to the board as chairman is a implausible appointment and we’re assured it can additional assist our present and future development technique.”

David Rolfe, Funding Associate at NVM, stated: “NVM helps giant regional corporations with bold administration groups and the Belief Techniques workforce exemplifies the kind of folks we want to put money into.

“Mike and Tom have constructed a robust and quickly rising enterprise with nice potential – we stay up for supporting them as they acquire much more market share.”

Ben Marnham, President of Belief Techniques, stated: “I’m delighted to hitch Tom, Mike and NVM at this thrilling time for the Belief Techniques workforce. A robust development profile and spectacular technical experience have created a stable basis, and I stay up for working collectively to speed up development. “

NVM was equipped with:

Gowling Authorized Discover – Chris Towle, Lottie Brewster, Rachel Mobberley, Frank Beeton
Monetary Due Diligence by HMT – Paul Learn, Will Wimmer
Company Finance by HMT – Andrew Thomson, Ricky Collis
Market and business due diligence by Fairgrove – Patrick Woodrow, Viesturs Bemhens
Continuum Administration Due Diligence – Steve Wycherley
Insurance coverage Due Diligence by Aon – John Donald