Fathom Systems in £4.5m management buy out19th December 2014
Fathom Systems has been sold in a management buyout backed by Maven Capital Partners.
Fathom, which was founded in 2005, provides niche solutions and products to the commercial diving, Remotely Operated Vehicles, and underwater engineering sectors.
Based in Portlethen which is south of Aberdeen, it has a turnover of £5m and employs 36 people.
The transaction represents the 9th Private Equity transaction completed by Maven in 2014, following its investment in a number of fast growing UK SMEs including: the global cycling apparel brand, Endura; chromatography solutions business, Crawford Scientific; and IT support services specialists, ISN Solutions.
The deal will see Maven’s clients buying a majority stake in the business from director Hugh Williams who is retiring and Managing Director, Gareth Kerr, will continue in his position.View All News