Park Place Corporate Finance

Independent advice for the independently minded

Pyroguard

N/D Management Buy-Out

Pyroguard

Park Place advised the management team of Pyroguard on an MBO backed by ESO Capital Partners. The investment accelerates Pyroguard’s expansion plans to further strengthen its position across the UK, Europe and selected wider global markets whilst also providing a successful exit for private equity backers, Dunedin and NVM.

Pyroguard is an independent manufacturer of fire safety glass, with production facilities in the UK and France delivering a broad product range to architects, specifiers, contractors and construction professionals, enabling them to meet all their fire safety glazing requirements via a single source.  The business reported revenue of c.£21m in 2017 representing significant growth over the prior year.

The transaction provided the management team with a majority equity stake and – in ESO Capital Partners - a new partner that has provided a customised investment solution as the sole funder across the capital structure.

Neil Tilsley, CEO of Pyroguard, commented “Whilst we were initially cautious on introducing an additional advisor to the transaction, as the process developed it became increasingly apparent that an experienced advisor focussed on representing the interests of the management team was absolutely necessary.  Park Place used their experience to help facilitate the transaction by reaching agreement with our new investor on several critical matters.”

Find out more about Pyroguard at www.pyroguard.eu/en

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