Delivering what we commit to.
Sector: Healthcare / Pharmaceuticals
Deal Type: MBO
Date: Aug '04 – Mar '10
Gresham has been a fantastic partner over the past five years and helped professionalise our business among other improvements. We are in an excellent position to continue our growth strategy.
Minivator is a major manufacturer and installer of stairlifts, bath lifts and personal hoists for the elderly and less able.
How did we help?
Minivator was in a strong position to exploit the considerable growth potential of the sector both in the UK and overseas.
A five year marketing agreement signed in 2008 with Help the Aged proved successful with direct sales more than doubling. With Gresham’s support, the company also significantly expanded its international operations establishing in North America and Germany.
During 2008, Minivator opened its own manufacturing site in China as an extension of the previously successful component sourcing it undertook in China and Taiwan.
Gresham successfully exited Minivator in March 2010 through the sale of the business to a trade buyer.
During the period of Gresham’s investment, the number of people employed by Minivator increased significantly to more than 400 and turnover doubled.