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Loupe Solutions completes MBO from Imprima de Bussy with help from The Capital Fund


Loupe Solutions has completed a management buy-out (MBO) of the print production facility of Imprima de Bussy, one of Europe’s leading financial printing and communications groups, for an undisclosed sum. The MBO team led by Richard Howell, a former senior manager at Imprima, secured backing for the buy-out from The Capital Fund, a £50 million venture capital fund which backs fast-growing, small and medium-sized enterprises in Greater London, as well as funding from the DTI’s Small Firms Loan Guarantee Scheme.

The MBO will enable Loupe Solutions to expand its print production offering beyond the financial sector to service a range of new commercial clients across the UK.

Richard Howell, Managing Director of Loupe Solutions, said:
“We are delighted to have completed the MBO following detailed negotiations with Imprima and their parent company, Mercurius Group. Our ambition is for Loupe Solutions to become a leading printing and communications company, offering a spectrum of advanced lithographic and digital printing solutions, as well as personalised communication products, to a variety of commercial clients.

Loupe Solutions will continue to handle financial print production for Imprima but we will also be offering other print production services to new clients in the commercial sector. These might range from the production of reports and sales literature for investment, insurance and other companies, to brochures for holiday firms.

We are also making significant investment in state of the art equipment and systems. For example, we are in discussion with Xerox to install a high speed digital press which we believe would make us the first company in the UK to establish a full book production line.”

Loupe’s head office will be located in the company’s print and production facilities in south London with a separate sales office set up in the City. The company is confident of achieving a £5m turnover in its first year and Mr Howell predicts that this figure will grow as staff, technology and services expand.

Mr Howell commented on the investment by The Capital Fund:
“The finance provided by The Capital Fund has been a key building block in the development of our business, enabling us to leverage funding from other venture capitalists, and the Small Firms Loan Guarantee Scheme. The Capital Fund’s Investment Manager, Stuart Nicol, also played a vital role in bringing all the investing parties together, and offered invaluable advice and support throughout the investment process. We would highly recommend the Fund to other growing companies.”

The Capital Fund’s Investment Manager, Stuart Nicol, said:
“This is the first MBO investment we have made at The Capital Fund. We decided to back Loupe Solutions due to the strength and commitment of the management team. We were impressed by the high regard in which they were held by both the personal and commercial referees we spoke to. We look forward to seeing Loupe expand as a result of the organisation’s increased sales focus and strong service-led culture.”

PHOTO AVAILABLE ON REQUEST
The management team at Loupe Solutions – L-R: Neil Allen, David Lloyd, Richard Howell (Managing Director) and Julian Mason.

PRESS RELEASE ENDS
NOTES FOR EDITORS
1. THE CAPITAL FUND
Press enquiries to Margaret Henry, Press Manager.
Tel: +44 (0) 1865 811127 or email: m.henry@oxin.co.uk

Launched in 2002, The Capital Fund is a £50 million venture capital fund which backs fast-growing, small and medium-sized enterprises in Greater London. Initial investments can be up to £250,000 and the Fund can invest a further £250,000 after six months or more. In some circumstances, alongside other new investors, the Fund can follow on its investments with up to £5m in total in a single company. The Capital Fund is the largest of the nine Regional Venture Capital Funds and has a mixture of public and private sector investors. For further information: www.thecapitalfund.


Publisher Contact Information:

The Capital Fund
+44 (0)1865 811127
m.henry@oxin.co.uk

Company profile of The Capital Fund
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