Select Transactions:
MBO of Trust Systems supported by ICFG UK
ICFG UK advised on this deal in March 2021
MBO of Trust Systems supported by ICFG UK
Target Company Name Trust Systems
Deal Types
  • Mergers & Acquisitions
Target Country United Kingdom
Buyer Name / MBO Team / MBI Team NVM Private Equity
Buyer Country United Kingdom
Transaction Description

ICFG member in the UK, HMT LLP, provided combined buyside lead advisory and financial due diligence services to NVM Private Equity (“NVM”) on the £10 million MBO of Trust Systems.

Established in 2007, Trust Systems provides networking consultancy and managed services focused on helping customers optimise their technology.  Since its inception, Trust Systems has built a loyal customer base in both the retail and transport sectors, securing major contracts with many blue chip brands including Aldi, Holland & Barrett, Waterstones and National Express. The company also has a strong reputation in the delivery of enterprise solutions installing networks and performance monitoring with major partners including Ark.

Headquartered in Cirencester, the business is led by Tom Stone and Mike Dowson who will remain significant shareholders in the business following this transaction. Trust Systems has developed partnership accreditations with best in class OEMs such as Cisco, Samsung, IBM, Dell and BT, enabling them to bring innovative and transformational changes to their clients.

David Rolfe led the investment for NVM, with support from James Arrowsmith, and both David and James will join the Board.

David Rolfe commented:

“The team at Trust Systems exemplifies the type of people we look to invest in, ambitious management teams leading successful regional businesses.  Mike and Tom have built a strong and rapidly growing business with great potential and we look forward to supporting them as they build even greater market share.”

Andrew Thomson commented:

“We are delighted to have provided combined lead advisory and financial due diligence support to allow NVM to complete the MBO to an extremely tight timescale.  With NVM’s support, Trust Systems can continue its exciting growth trajectory in the consultancy and managed services space. We look forward to continuing working with them in the future.”

Industry Sectors
  • Technology, Media & Comms
ICFG Office Henley-on-Thames, United Kingdom
ICFG Advisory ICFG UK advised on this deal in March 2021

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