Melton Mowbray-based investment house Capital Ventures has sold its stake in Oxford Cryosystems, which has been sold through a management buy-out.
Catapult invested in Oxford Cryosystems in September 2010 when it backed a management buy-out of the company from its previous corporate owners. The business manufactures low temperature devices used in x-ray crystallography.
Ed Wass, who led the transaction for Catapult Ventures, said: “We are delighted that Oxford Cryosystems has been such a successful story. Catapult backed the management team because we recognised that they had not only a range of world leading products but also the passion and ideas to develop the business further. We are very proud to have supported them through this period of the company’s development.”
Richard Glazer, Oxford Cryosystems CEO, added: “Over the last five years Catapult Ventures have been a hugely supportive partner, with its investment and guidance, enabling us to successfully deliver our strategic goals. The management team including Alex Renshaw (CTO) and Kevin D’Silva (non-exec chairman) look forward to continuing to develop the business as a private company.”