M&A Deal Summary

discoverIE Group Acquires Cursor Controls

On October 17, 2018, discoverIE Group acquired technology hardware company Cursor Controls from Maven Capital Partners for 23M GBP

Acquisition Highlights
  • This is discoverIE Group’s 3rd transaction in the Technology Hardware sector.
  • This is discoverIE Group’s 0th largest (disclosed) transaction.
  • This is discoverIE Group’s 6th transaction in the United Kingdom.

M&A Deal Summary

Date 2018-10-17
Target Cursor Controls
Sector Technology Hardware
Buyer(s) discoverIE Group
Sellers(s) Maven Capital Partners
Deal Type Add-on Acquisition
Deal Value 23M GBP

Target

Cursor Controls

Nottinghamshire, United Kingdom
website
Cursor Controls Ltd. is a designer and manufacturer of human to machine interface (“HMI”) products for medical, industrial and transportation applications. Cursor Controls Ltd. was founded in 1995 and is based in Nottinghamshire, United Kingdom.

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Buyer(S) 1

Buyer

discoverIE Group

Guildford, United Kingdom

website


Category Company
Founded 1986
Sector Electronics
Employees5,000
Revenue 379M GBP (2022)
DESCRIPTION

discoverIE Group is an electronics, designing, manufacturing and distributing electronic, photonic and medical products for the industrial and healthcare sectors. It is the only such provider with an infrastructure to deliver a broad range of specialist products and bespoke solutions across Europe. discoverIE Group was founded in 1986 and is based in Guildford, United Kingdom.


DEAL STATS #
Overall 18 of 20
Sector (Technology Hardware) 3 of 4
Type (Add-on Acquisition) 17 of 19
Country (United Kingdom) 6 of 7
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-20 Variohm Holdings

Towcester, United Kingdom

Variohm Holdings Ltd. designs, manufactures and distributes high quality sensors, switches and motion measurement systems to industrial customers in the UK, Europe and North America.

Buy £14M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-13 Phoenix America

Fort Wayne, Indiana, United States

Phoenix America is a manufacturing firm specializing in the design, engineering, and manufacture of customized magnetic sensors and decoders used in motion control systems in a variety of industries. Phoenix America was founded in 2000 and is based in Fort Wayne, Indiana.

Buy -

Seller(S) 1

SELLER

Maven Capital Partners

Glasgow, United Kingdom

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 2009
PE ASSETS 415M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Maven Capital Partners UK LLP (MCP) invests in lower mid-market companies throughout the UK. The Firm also provides mezzanine financing. MCP focuses on profitable companies with proven track records, balanced management teams, and diverse products and services. Maven looks to invest £2 - £10 million in businesses valued from £5 - £25 million. Sectors of interest include specialist manufacturing, health/pharmaceuticals, energy services, leisure, financial services, software and computer services, communication/IT, chemicals, food/beverage, media, consumer products, and support services. Types of transactions include MBOs, MBIs, BIMBOs, take privates, recapitalizations, and growth capital financings. Maven Capital Partners UK LLP was formed in 2009, following a management buyout of Aberdeen Asset Management's Private Equity division. Maven is based in Glasgow with additional offices in Aberdeen, Birmingham, Edinburgh, London and Manchester.


DEAL STATS #
Overall 30 of 56
Sector (Technology Hardware) 1 of 2
Type (Add-on Acquisition) 15 of 30
Country (United Kingdom) 29 of 54
Year (2018) 3 of 6
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-16 Boiler Plan

Northumberland, United Kingdom

Boiler Plan is a disruptive platform that sells, installs, and services boilers. The business provides an innovative online platform for the purchase of a new boiler. Boiler Plan was founded in 2014 and is based in Northumberland, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-20 Acton Banks Healthcare

Wolverhampton, United Kingdom

Acton Banks healthcare is a staffing business that operates a 24 hour, 7 days a week service, placing registered nurses and healthcare professionals throughout the Midlands and North West into nursing homes, NHS hospitals, care homes, residential homes, and rehabilitation centers in both the private and public sector. Acton Banks was founded in 2006 and is based in Wolverhampton, United Kingdom.

Buy -