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Subsea Technology Firm in £4.5m Management Buy Out

Subsea Technology Firm in £4.5m Management Buy Out

View all news from: Fathom Systems
View directory entry for: Fathom Systems

19 December 2014

Subsea technology firm 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 Mavenís 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.