John McGavigan

Specialist Manufacturing

Deal Type
MBO

Initial Investment
January 2018

Sector
Industrials & Engineering

Fund
Private Equity

Status
Realised

In January 2022 the Maven UK Regional Buyout Fund completed a profitable exit from McGavigan, via a sale to Canadian listed Plc CCL Industries Inc, generating a 2.9x return on the initial investment over a four-year hold period.

McGavigan manufactures mould decorative assemblies for Tier 1 automotive firms, supplying components widely used by global brand car makers, including BMW, Mercedes-Benz, Nissan, Toyota and Volvo from its sites in the UK and China.

Maven’s VCTs originally backed JML in 2010 to support its expansion plans, which included establishing a manufacturing facility in Suzhou, China. In December 2017 the Maven MBO Fund acquired a majority stake in the business, investing £10.25 million, which helped to provide a full exit for the Maven VCT shareholders.

Since the buyout the senior management team have continued to execute their strategic plan. In 2020 McGavigan opened a state-of-the-art manufacturing facility in China to help position the business for future growth with FY21 revenues now expected to be more than £30 million.

John McGavigan

“We are immensely proud of what our team has achieved, especially our successful expansion in China. It is important to highlight this success has been underpinned throughout our journey over the past 10 years by the collaborative relationship we have built with the Maven team. They have proven not only to be an important source of growth capital, but as genuine partners who have helped us navigate this journey and showcase the value collaborative private equity can achieve.”


Steve Mathers, Commercial Director of McGavigan

Meet the lead executive(s)

Andrew Craig
Andrew Craig

Partner

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