The Transaction Services team at BDO LLP has advised private equity house Maven Capital on its investment in Nottingham based trackball manufacturer Cursor Controls Limited.
Cursor offers the most comprehensive range of trackballs across the globe and is the only independent company focusing solely on trackballs, with over 1200 variants in its product portfolio.
The funding from Maven Capital is aimed to accelerate growth of Cursor via the continuation of leading edge trackball development, while utilising the existing patent protected IP which the company holds.
Neale Sutton, managing director at Cursor will remain in the business.
Andrew Ferguson, Partner at Maven, said “We look forward to working with the team and helping Cursor to exploit its great potential. The business has established a reputation for technical expertise and innovation and is widely regarded as a market leader in its field. The current team is highly capable and, with Maven’s support and the addition of a new Chairman and FD, is well positioned to expand into new markets and applications.”
Led by partner Malcom Cook, Vinny Patel and Robert Dawes from BDO provided financial and tax due diligence to Maven Capital ahead of its investment.
Commenting on the deal, Vinny said: “There are approximately 70 private equity-backed businesses in the East Midlands. This deal is another example of how private equity investment can help propel confidence, growth and innovation for regional manufacturers – a sector that is proving a real driving force for growth in the region.
“The investment from Maven will allow Cursor to continue innovating and providing the best solutions to the medical, aerospace and military sectors across the globe.”
