Established in 1994, Tewkesbury-based DB Systems supplies state-of-the-art audio visual and IT equipment, interactive software and temporary network infrastructure to trade shows, large exhibitions and live events in the global events market.
The business was founded by David Bulley who continues as CEO, leading a strong operations team with many years' experience in the events industry.
Sales and employee numbers have grown rapidly in recent years. The business now has annual revenues of £8m and 63 employees. It supplies equipment to some of Europe's best known events and venues, including Farnborough International Air Show, Mobile World Congress Barcelona and Aberdeen Exhibition & Conference Centre, as well as technical support to trade show organisers across Europe, the Middle East and Asia.
WestBridge Capital partner James Wakefield, who worked on the transaction with colleague Sandy Smart, said, "This is exactly the type of well managed business we like to invest in. It has a large number of long established customers who value its consistent provision of quality service.
"We believe its market leading position provides a springboard for significant future growth. The additional capital will boost business development and allow investment in the latest audio visual equipment which will enable the business to accelerate its expansion plans."
David Bulley said, "This is a very exciting time. I remain passionate about what we do and after years of carefully nurturing this business into a respected and trusted supplier, we now have a significant capital injection to help us realise our future growth potential."
(Jim Evans)
