LDC exits in £85m sale of specialist
Technology group Halma has bought pipeline inspection equipment specialist Mini-Cam in a deal which values the Warrington-based company at £85m and results in an exit for private equity firm LDC.
Stock market-listed Hamla has paid £62m upfront, with a maximum of a further £23.1m to be paid based on profit growth up to March 2020. The acquisition will push Hamla's annual revenues above £1bn.
Mini-Cam, founded in 1991 by managing director Nigel Wilson, designs, manufactures and distributes hi-tech pipeline inspection systems.
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