Altor has today entered into a preliminary agreement to acquire QM Group, the UK’s leading queue management system provider. QM Group employs 75 people and expects to generate GBP 15 million of revenues next year. The company headquarters are located in Milton Keynes, UK.
“QM Group has built an impressive position with financial institutions and the retail sector in the UK in recent years and we are looking forward to an international expansion across Europe and the US”, said Fredrik Strömholm, Partner of Altor Equity Partners.
The UK private equity company, Advantage Capital, currently holds about one third of the share capital and is looking forward to keeping a significant stake in the company going forward.
“We see Altor as an excellent partner to facilitate international expansion over the coming years”. said Martin Bodenham and Trevor Jones, Directors of Advantage Capital.
“The partnership with Altor provides the start of a journey in taking this mostly national business to the next level. At present, the market is fragmented with few international players, said Terry Green, one of the two founders of QM Group.
Completion of the transaction is subject to certain customary conditions.
About QM Group:
Established in 1991, Qm Group is the inventor of the World’s first voice announcement electronic call forward system. With strong focus on innovation and customer needs. Qm’s knowledge based and innovative mechanical and electronic products are installed in more than 7,500, blue-chip outlets world-wide within financial institutions, retail outlets, hospitals and in the public sector. For further information on QM Group, please visit: www.qmgroup.comAbout Advantage Capital:
Advantage Capital was founded in 2000 by Trevor Jones and Martin Bodenham – two highly experienced private equity professionals in the UK MBO market. Fundraising for Advantage Capital’s first fund, Advantage Capital Partners 1, began in 2001. This fund held its final close in September 2002. Fundraising for the second fund, Advantage Capital Partners 2, began in 2005. This fund held its first close in April 2006. For further information on Advantage Capital, please visit: www.advantagecapital.co.ukAbout Altor:
Altor invests in medium sized companies in the Nordic region. Altor is advised by Altor Equity Partners and focuses on value creation through growth initiatives, strategic development and operational improvements with a committed capital of EUR 1,150 million through Altor Fund II. Among Altor’s investments are Aalborg Industries, Ferrosan, Dansk Cater, Lindorff, Dynapac, AGR Group, Relacom, Meyn, PaloDEx, Byggmax, Nimbus Boats, SPT Group, PIAB, Dustin, Helly Hansen and Wrist.