Maven leads MBO of Dantec
Maven client funds invest in leading composite hose manufacturer
Maven’s North West deal team has led the management buyout (MBO) of Dantec Hose Limited. The company is one of the leading manufacturers of composite hoses for the global petrochemical industry, and is renowned for product quality, service, technical excellence and innovation. Maven is backing a proven senior management team, with over 70 years of combined experience in the market.
Composite hoses provide the vital flexible connection for a wide variety of fluid transfer systems, ranging from uploading road, rail and marine tankers within chemical and oil plants, to niche applications such as Formula 1 racing. Manufacturing quality and safety standards are vital for the integrity of composite hoses, with customers requiring flexibility, light weight and a wide range of chemical resistance. Dantec was the first composite hose manufacturer to achieve ISO 9000 status.
The MBO of Dantec represents an excellent opportunity for Maven clients to invest in a profitable specialist manufacturing business with a proven track record, a global reputation, and a distribution model that provides a platform for significant growth. Dantec’s financial performance has been consistently strong over recent years and future earnings growth is forecast, with profitability driven by increased export sales to new territories including Australia, India, South Africa and Japan.
John Laidlaw, Managing Director of Dantec Hose Limited said: "Dantec are very happy to have secured funding from Maven Capital Partners to complete our MBO. The management team have targeted a high level of growth and it was essential that we chose a partner with similar ambitions to help fund this expansion. Maven has an excellent oil and petrochemical pedigree, as well as an investment team with a strong track record of working with growing businesses like ours. We look forward to working with Maven and are very excited about our future prospects."
Ryan Bevington, Investment Director at Maven added: “Maven is delighted to be investing in a business which has such a strong brand name and offers unrivalled expertise in the sector. Dantec’s niche position and global customer base has helped the business achieve solid financial performance against the backdrop of a world-wide recession. The continued high demand for its products means Dantec will be well placed to increase global market share by leveraging its technical expertise and reputation. Maven looks forward to working with the management team and supporting the continued growth and success of the business.”