August 2021
UK & Ireland, < £100m

Liberty advises the management team of Texecom on the LDC backed MBO from Halma plc

Mid-market private equity investor LDC has backed the management buyout (MBO) of Texecom, the UK’s leading manufacturer of electronic security products and services, from FTSE 100-listed technology group Halma plc.

Texecom manufactures and supplies intruder detection and mass notification solutions to the global commercial, industrial and high-end residential markets protecting millions of properties around the world. It also uses digital and cloud-based technology to provide integrated security and building management systems.

The business turned over £33.4m FYE March 2021 and employs more than 380 people across its manufacturing facilities in Haslingden and Delph, and international offices in India, China, Spain and Belgium.

LDC’s significant investment will support Texecom’s existing management team, led by Managing Director Jim Ludwig, to build on its market-leading position and international presence through developing new products, enhancing its digital services and exploring complementary acquisitions.

The investment was led by LDC’s Head of Yorkshire Dan Smith and Investment Directors Will Scales and Leigh Daveran. As part of the transaction, Dan and Will join Texecom’s Board as Non-Executive Directors.

Dan and the team at Liberty were first class. Always available with best-in-class service and advice. This was our first experience with this type of transaction. Dan’s generous time and patience helping me and the team learn and navigate the complex range of issues was brilliant. We’re excited with the result that Dan helped us achieve.

Jim Ludwig
Managing Director of Texecom

It’s been a pleasure to work with Jim and the rest of the management team. This is a great opportunity for the team to further grow Texecom as an independent business and deliver on their strategic objectives.

Dan Martinez
+44 (0) 7398 212 298