LONDON, 21 October 2015: Metric Capital Partners (“MCP” or “Metric”), the European private capital group, has announced today its investment in McCurrach (“McCurrach” or the “Company”), a market leading provider of outsourced field sales services in the UK & Ireland.
Established in 1898 by the McCurrach family, forebears of the current majority owners the McNicol family, McCurrach offers its clients a broad range of outsourced field sales activities designed to ensure that a product is visible to consumers and available at the point of purchase across a variety of channels. McCurrach’s clients are leading global and national brands in a number of verticals including grocery, financial services and consumer electronics.
In the transaction Metric has partnered with the McNicol family and McCurrach’s management team, and together they will share ownership of the Company going forward. Metric has also made available to McCurrach additional capital to support future strategic expansion.
Commenting on the transaction, Fabio Andreottola, Partner of MCP, said: “We are delighted to be partnering with the McNicol family and McCurrach. The Company has a long-standing heritage, strong customer relationships and an extensive track record of consistent growth and cashflow generation. These elements provide a solid base for McCurrach’s clearly defined growth strategy, and we are supportive of the Company’s high quality management team – led by CEO Angus Maciver and Chairman Andy Higginson – to drive it forward.”
Neil McNicol, Deputy Chairman of McCurrach, added: “This is an exciting new phase of the McCurrach story. Building on our strong history of family ownership, we are looking forward to using the skills and experience of the Metric team to help take us to a new level of service to both our clients and customers.”
Angus Maciver, CEO of McCurrach, added: “Metric bring us the best of both worlds in that we will continue with the same great team we have at the moment and are able to add skills in expanding businesses we don’t currently have. Metric will allow us access to the tools to add services and coverage to our existing business.”
John Sinik, Managing Partner of MCP, further commented: “Metric’s partnership with McCurrach is consistent with our investment strategy to back high quality, stable businesses to support the growth plans of their shareholders and management teams. Furthermore, this transaction continues to demonstrate Metric’s ability to create bespoke private capital solutions capable of addressing the multiple objectives of management teams and shareholders.”
MCP is an independent private capital group that invests in European small and medium-sized firms by providing debt and equity solutions to support the execution of strategic transactions including MBOs, MBIs, growth/development capital, refinancing and rescue financing.
For further information please contact:
John Sinik, Managing Partner, Metric Capital Partners, Tel: +44 203 540 1558
Fabio Andreottola, Partner, Metric Capital Partners, Tel: +44 203 540 1559