Private Equity

Springboard is delighted to announce that it has acted as lead advisor on the management buy-out and £5m development capital fundraising for KeTech Group.

About the deal

KeTech, a Nottingham based provider of rail communication systems and security products, was founded in 1999 and employs 65 staff across its Nottingham, Preston and London offices.  Sales grew by 76% to £10.2m in financial year ending 31 August 2014 and the business is currently working on a major contract to provide driver information systems for Bombardier / Crossrail.  KeTech has also recently secured contracts from the UK Ministry of Defence, Japan’s Ministry of Defence, London Underground, Northern Rail, Thales, the German Federal Police and Gatwick Airport.

How we made a difference

  • Structured deal to meet the requirements of incumbent institutional and management shareholders;
  • Identified and introduced a short-list of appropriate funding partners taking into account the trading history of the business;
  • Negotiated funding terms on behalf of the management team with equity providers; and
  • Project managed the deal through to completion.
What our clients say

Steve Berg - CEO, KeTech Group

From the outset it was clear that Springboard understood our parameters for success.  Whilst our deal faced a number of challenges, Springboard’s commitment to get the transaction done and to achieve our agenda did not waiver. Springboard demonstrated excellent knowledge of the equity funding market and we would recommend them to others.