18th November 2015
DB Systems receives £4m investment
WESTBRIDGE Capital has led a £4m financing to assist DB Systems Limited with its future
growth plans.
WESTBRIDGE Capital has led a £4m financing to assist DB Systems Limited with its future growth plans.
Tewkesbury-based DB Systems was established in 1994, supplies state-of-the-art audio visual and IT equipment, interactive software and temporary network infrastructure to trade shows, large exhibitions and live events in the global events market.
In recent years, sales and employee numbers have grown rapidly in recent years. The business now has annual revenues of £8m and 63 employees. It supplies equipment to some of Europe’s best known events and venues, including Farnborough International Air Show, Mobile World Congress Barcelona and Aberdeen Exhibition & Conference Centre, as well as technical support to trade show organisers across Europe, the Middle East and Asia.
Term debt of £1.25m has been provided by NatWest. Transcend Corporate acted as corporate finance advisers. Grant Thornton undertook financial due diligence. Lawyers for the transaction included Capital Law, who advised WestBridge Capital while Squire Patton Boggs advised David Bulley. CIL undertook the market due diligence review. Harrison Clark Rickerbys acted as legal advisors for the management team.