Key Takeaways
- • Nova Capital Management acquired BMP Group and RB Medical from UK manufacturing conglomerate Andrew Industries; financial terms were not disclosed.
- • BMP Group manufactures industrial consumable components and sub-assemblies serving office automation, filtration, automotive, domestic appliances, sustainable tree protection, and renewable energy sectors; RB Medical supplies healthcare products to the UK medical market.
- • Nova partner Omiros Millas and operating partner Carl Francis will jointly oversee both businesses alongside existing management teams, with Nova providing financial, strategic, and operational support.
- • The transaction separates the two businesses from Andrew Industries' remaining operations, which focus on technical non-woven materials and industrial laundry products.
- • Nova Capital, founded in 2002, has completed more than 75 transactions with an aggregate value exceeding $3 billion.
Summary
Nova Capital Management has acquired industrial components manufacturer BMP Group and healthcare products supplier RB Medical from Andrew Industries, a Lancashire-based manufacturing group established in 1894. The transaction marks Nova's expansion into specialized manufacturing and healthcare sectors, though the private equity firm did not disclose deal terms. Per PE Hub, the acquisition separates the two businesses from Andrew Industries' remaining operations, which will continue to focus on technical non-woven materials and products used in industrial laundry applications.
BMP Group operates across multiple international markets, producing industrial consumable components and sub-assemblies for sectors including office automation, filtration, automotive, domestic appliances, sustainable tree protection, and renewable energy. RB Medical supplies healthcare products into the UK medical market. Both businesses will continue operating under their existing management teams following the transaction, with Nova providing supplementary capital and operational resources to drive growth.
Nova partner Omiros Millas and operating partner Carl Francis will jointly oversee the combined portfolio, working alongside current management on strategy, operational performance, and business development initiatives. Nova managing partner and founder David Williamson stated the firm plans to build on the companies' existing foundations through further investment, operational improvements, product development, and long-term expansion. The acquisition reflects Nova's strategy of developing individual businesses within its portfolio while identifying cross-company collaboration opportunities. Since its founding in 2002, Nova Capital has invested in more than 75 businesses through transactions totaling over $3 billion in aggregate value.
BMP Group operates across multiple international markets, producing industrial consumable components and sub-assemblies for sectors including office automation, filtration, automotive, domestic appliances, sustainable tree protection, and renewable energy. RB Medical supplies healthcare products into the UK medical market. Both businesses will continue operating under their existing management teams following the transaction, with Nova providing supplementary capital and operational resources to drive growth.
Nova partner Omiros Millas and operating partner Carl Francis will jointly oversee the combined portfolio, working alongside current management on strategy, operational performance, and business development initiatives. Nova managing partner and founder David Williamson stated the firm plans to build on the companies' existing foundations through further investment, operational improvements, product development, and long-term expansion. The acquisition reflects Nova's strategy of developing individual businesses within its portfolio while identifying cross-company collaboration opportunities. Since its founding in 2002, Nova Capital has invested in more than 75 businesses through transactions totaling over $3 billion in aggregate value.
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