FC Group Invest acquires Prism Electronics
Entrepreneurs Hub are pleased to announce that FC Group Invest Limited (an Anglo-Swedish investment group) has acquired all the shares in Cambridge based Prism Electronics Limited.
About Prism and FC Group Invest
Prism Electronics Ltd (PEL) manufacture and test complex PCB assemblies, working with some world leaders in the Cambridge science and innovation community. They have built an exceptional reputation over many years and a diverse range of customers operating across all sectors, primarily focused on the South-East. The shareholders secured the business through an MBO in 1991.
FC Group Invest are a privately funded group targeting established owner-managed businesses in the UK. We focus on growing businesses from a strategic sales & marketing perspective – while trusting the existing management and staff to operate the day-to-day business.
Entrepreneurs Hub Director and Co-Founder, Andrew Shepperd who led the transaction team comments “Finding the right acquisition partner for Prism (PEL) has been a great project for us. Prism although established for many years, has seen external macro changes that have helped grow the business strongly. Covid, Brexit, disruption in global supply chains and semiconductor availability have made local high-quality fulfillment critical again for UK manufacturers. Prism have easily expanded to meet this enhanced customer demand and leverage their end-to-end solution capabilities from prototyping to premium and sensitive low and medium volume production runs. Contract Electronics Manufacture (CEM) continues to be a very exciting sector with many investors growing their portfolios and re-evaluating their geographic coverage. Supply chain issues and increasing needs for technology, mean these services are increasingly in demand. Prism is an exceptional business, with a great reputation and strong service delivery across the UK. It was inevitable there would be significant interest from multiple premium acquirers once the shareholders decided they were ready for the next step. Congratulations to the Prism shareholder team and FC Group Invest”
David Aspinall, MD of Prism, comments: “From our initial engagement with Entrepreneurs Hub and throughout the months of preparation, marketing, due diligence and deal completion, the Entrepreneurs Hub Team have provided excellent support across all our needs. Their initial analysis of our business, and their subsequent consultancy and advice ensured we were well prepared for a launch to market.
The process was very thorough and gave us a sincere confidence in our readiness to meet suitable acquirers that were fully researched, qualified, and discreetly verified by the Entrepreneurs Hub Team. We would recommend The Entrepreneurs Hub to anyone who is considering disposal of their business”.
Fredrik Johansson, Co-founder of FC Group Invest Limited says, “My colleagues and I are delighted to have acquired an excellent business in Prism Electronics, a company that has a highly skilled workforce and a first-class reputation in the marketplace. The FC Group Invest team cares deeply about the heritage of Prism, its employees and maintaining strong relationships with customers, partners and suppliers. Our business plan is centred on providing continuity and stability, followed by exciting plans for development and growth”.
Malcolm Murray, Entrepreneurs Hub Director and Co-Founder, commented: “It has been a delight to support the Prism shareholder team on this journey to achieve the agreed goals. They have built a great business and an excellent team that I am sure it will continue to thrive as part of FC Group Invest – I wish them all the very best.
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The process was very thorough and gave us a sincere confidence in our readiness to meet suitable acquirers that were fully researched, qualified, and discreetly verified by the Entrepreneurs Hub Team. We would recommend The Entrepreneurs Hub to anyone who is considering disposal of their business
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