MBO at Electronic Payments Company Backed by PE firm
A management buyout (MBO) at a Leicestershire-based electronic payments company has been backed by a private equity firm. NVM Private Equity (NVM) has completed the move at Secure Retail through its fund, NVM Private Equity Vintage III L.P. MBO at Electronic Payments Company Backed by PE firm.
Coalville-based Secure Retail was founded by chief executive Carl Barton in 2003 and provides a range of hardware, managed services and software products principally to retail, hospitality and infrastructure clients.
James Arrowsmith, Andy Leach and Liam May led the investment for NVM, with Leach and May joining Secure’s board at completion.