Datapath, which is based in Derby, supplies graphics cards and other products used mainly to control large screen videowall displays. More than 50% of all videowalls installed worldwide use Datapath equipment. With revenues close to £10 million and growing at 30% plus per annum, the company looks well-positioned to build on its market leading position.
Steve De'Ath, director of Datapath, commented: "This investment underlines the company's market leading position. It also gives us a platform to attract talented individuals and strengthen the management, enabling us to implement the next phase of our strategy."
Cooper Parry corporate finance adviser, Sally Saunders says: "We have worked intensively with Steve and Tony over the past two years to identify a financial partner which would allow them to crystallise the value created today, whilst retaining a significant stake in the business. The transaction will allow the business to capitalise on the significant opportunities for further growth."
(Jim Evans)
