Blauvelt Capital Partners agrees investment with PCML

Precise Component Manufacture Limited (PCML), a leading precision engineer and manufacturer, has agreed a growth capital investment with Private Equity group Blauvelt Capital Partners, in a transaction advised by Initium.

PCML specialises in the contract design, precision engineering and manufacture of complex precision components and assemblies, including concept development, prototyping, and supply chain management. Located in March, Cambridgeshire, PCML works as a trusted partner with international organisations in the life sciences, scientific testing, digital printing, and semiconductor industries.

Blauvelt Capital Partners is a North American Private Equity group with portfolio investments in a number of engineering companies.

“Initium worked extremely hard on our behalf and provided us with lots of opportunities” – Gavin Goates, PCML

At the time of the transaction, Gavin Goates, Commercial Director of PCML, commented: “We are extremely delighted to be announcing this partnership with Blauvelt, which I believe is a strong endorsement of our successful business model and track record to date.

“Having gained a greater understanding of Initium’s approach and international reach, we invited them to work with us to find the right strategic partner, as we felt their proactive and inclusive process gave us the greatest opportunity for success. Initium worked extremely hard on our behalf and provided us with lots of opportunities. Together we identified Blauvelt as the perfect partner to complement our high-quality management team to continue to focus on driving operational performance to maximise value for our customers.”

Gavin added: “I felt that throughout the whole process, if I wanted to get hold of someone at Initium, I could. Sometimes you just need that reassurance on a Sunday night at 10pm, to be able to pick up that phone and talk to somebody. I can’t think of many other companies that would have offered that service.”

Initium commented: “PCML is a great example of a UK specialist operation with healthy margins and an excellent customer base comprised of international blue chip organisations. It was no surprise that Initium received such strong interest in PCML from a range of organisations in international markets.”