Maven Capital Partners
In February 2016 Maven completed its exit from Dantec Hose Limited (Dantec), a manufacturer of composite hoses for the global petrochemical market. The sale to Germany based Elaflex-Gummi Ehlers Gmbh (Elaflex) has generated a 2.1x total return for Maven clients. Maven led the management buyout of Dantec in September 2011, and have since supported the business in implementing a number of financial and operational improvements which have led to geographical and sectoral expansion of its customer base. Established in 1969, Dantec has since grown to become one of the leading manufacturers of composite hoses for bespoke petrochemical, marine and industrial applications, including supplying refuelling hoses for Formula 1.
Composite hoses provide the vital flexible connection for a wide variety of fluid transfer systems, including those used with gas, petroleum and chemicals. 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 is renowned for product quality, technical excellence and innovation, and was the first composite hose manufacturer to achieve ISO 9000 status. Around 70% of Dantec's turnover is from overseas with products sold to over 50 countries worldwide.