Advent Partners to Sell its Stake in TMAT

UK investment firm Advent Partners said on Thursday that it has instructed its corporate finance advisor Orbis Partners LLP to sell its interests in TMAT Ltd. No financial terms have been disclosed. TMAT, also based in the UK, produces acoustic components for tractors and excavators.


Chesterfield, UK (PRWEB UK) 20 June 2013
Advent Partners LLP has instructed Orbis Partners LLP to divest its interests in TMAT Ltd, which it has helped transform from a promising manufacturing business into one that is now turning over between £10 – £15m and has ambitious plans for globalisation.
Advent Partners believes that, having played a key role in bringing TMAT to an exciting point in its development, it is time to match the business with a larger group that can help accelerate TMAT fulfil its vast potential on the global market.
TMAT, which manufactures acoustic components for tractors and excavators, and whose customers include JCB, Volvo and Case New Holland, has enjoyed a significant period of sustained growth and success.
This has included record sales enquiries of some £4.5m in 2012, the smashing of its own budgeted sales target for 10% growth by a further 10% in each month during 2013 and the announcement that it is planning to open a factory in Brazil to take advantage of the fact that the country is looking to overhaul its infrastructure ahead of the 2014 World Cup and 2016 Olympics.
Andrew Ramsbottom, a Partner at Advent, said: “The time is right for a larger group with significant capital to come in and give TMAT and MD Jason Lippitt the support to drive it forward into the global market.
“TMAT couldn’t be in a better position for an ambitious investor to do just that, with sales and enquiries far exceeding what we had anticipated and exciting plans to reach out into wider, global markets on the minds of everyone here.
“We’re so proud of what we’ve achieved here at TMAT, and we really look forward to seeing an investor of that type coming in and giving TMAT the platform it needs and deserves in order to achieve its ambitious goals.”
Advent Partners LLP is a private business investor providing working capital for Midlands-based manufacturing SMEs to assist growth and development. It is now looking to add to its portfolio of investments by looking to invest in product-based businesses with up to £15 million turnover based in the Midlands requiring support management and which have great potential for growth.
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.