NVM Private Equity’s (NVM) fund, NVM Private Equity Vintage III LP, has completed the management buy-out of Leicestershire-based Secure Retail Limited (Secure), a provider of electronic payment solutions.
Founded by CEO Carl Barton in 2003, Secure offers a range of hardware, managed services and software products principally to retail, hospitality and infrastructure clients, providing full integration with all payment services providers operating in the market.
James Arrowsmith, Andy Leach and Liam May led the investment for NVM, with Leach and May joining the Secure Board at completion.
Secure Retail’s Managing Director David Russell said: “Secure Retail is delighted to be partnering with NVM. From our very first meeting it was clear that NVM had the appetite and understanding to add considerable weight to the exciting product strategy being delivered by the Secure Retail team.
“The next phase of payment security will undoubtedly create the potential for significant growth in software, hardware and support services. Secure Retail supported by NVM is well placed to capitalise on this opportunity.”
James Arrowsmith, Investment Partner of NVM Private Equity said: “This represents NVM’s second investment in a Midlands-based business in recent weeks, demonstrating our continued commitment to the region and we look forward to supporting more growing Midlands businesses in the future.”