Enviros, environmental services provider, backed in MBO

Investee Company – Enviros Ltd (UK)

Investee Company Business Type – Environmental consulting software and products group offering services on a global basis.

Type of Financing – MBO

Equity Providers – ECI Ventures

Equity Leader (Individual) – Paul Thomas

Debt Providers – Barclays Bank plc

Debt Type – N/A

Debt Leader (Individual) – N/A

Equity Amount – N/A

Total Deal Value – £17 million

Other Advisors – Andersen Corporate Finance advised the management team

Comments – Enviros Ltd, a specialist in environmental consultancy, software, products and technologies has announced a management buyout backed by ECI Ventures and Barclays Bank.

Enviros, headquartered in Cambridge, was founded in 1995 with the bringing together of seven companies into an international group. It operates in three distinct areas, environmental consulting, software and microbial solutions. This market was predicted to be worth $340 billion globally by the end of 2000 with the UK market growing annually by 15% for the three years prior to this.

This is the second management buyout ECI has backed in as many weeks. The deal totalled £17 million of which ECI provided £5.6 million in equity and loan stock and Barclays provided the debt.

Managing director of ECI Ventures, Paul Thomas, said: “We have backed a strong management team to take advantage of the growing opportunities in the environmental marketplace.”