Octopus Investments exits AVM Ltd in secondary MBO backed by Alcuin Capital

The transaction delivers a 2.5x return to Octopus’ Eclipse Venture Capital Trust funds


Octopus has exited from visual communications systems distributor AVM, in a deal that makes Alcuin Capital the new majority investor of the company.

The secondary management buy-out, which generates a return of 2.5x to Octopus’ Eclipse VCT funds, aims to ensure the continued growth of AVM, founded in 1990.

Following a £2.65m investment from Octopus’ Eclipse VCT funds in 2007, AVM has seen a rise in turnover from £8m to £40m and has experienced a staff increase from 75 to over 200.

Since Octopus’ support for AVM’s original management buy-out in 2007, the distributor of audio visual (AV) products has also acquired a number of other companies, including AVE and Matrix Display Systems, making AVM the largest audio visual systems integrator in the UK.

Today AVM provides a range of video conferencing and AV services to the private and public sectors and CEO, Edward Cook is hopeful that the latest deal will support AVM’s continued growth: “Octopus’s support has been integral to our success and we have both enjoyed and appreciated the ventures team’s straight talking approach and counsel.

“Demand for AV market products continues to increase as AV technology becomes more robust and easier to use. We are looking forward to building on the successes we have achieved to date supported by the strong foundations for further growth that we established with Octopus’ support.”

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