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September 2017: Rcapital supports MBO

September 2017: Rcapital backs MBO of Scientific and Chemical Supplies Ltd.

Scientific and Chemical Supplies Ltd (SciChem) is pleased to announce the recent completion of a management buyout (MBO). Supported by Rcapital, the deal provides working capital facilities to enable the business to accelerate its rapid growth and consolidate its market position.

Rcapital is an award-winning private equity firm providing private investment, commercial expertise and hands-on support to transform and grow businesses. Since its inception in 2004, Rcapital has made over 50 investments across the UK and Europe.

Paul Gill, CEO, commented: "Having had the opportunity to acquire the business from the family owners, we looked for a partner who could support us in a short timetable to ensure we can capitalise on the immediate growth prospects. Rcapital quickly saw the opportunity to invest in and transform the business over the next few years, and delivered on their offer to support the MBO within two weeks. I am looking forward to working with Rcapital and the appointed non-executive directors to create further value in the business."

Chris Campbell, director at Rcapital, said: "We are pleased to have backed the MBO of SciChem, led by Paul and his team. Having been introduced to the opportunity only ten days ago, this is another example of Rcapital moving quickly to back a historically successful business and deliver a deal that works for all stakeholders. We are now looking forward to working with management to grow the business and take advantage of a strong pipeline of opportunities."

Raj Mittal, partner at FRP Advisory, the business advisory firm, said: "We are delighted to have advised on this transaction. The new investment and expertise being provided by Rcapital will enable SciChem to move forward to a new chapter in its development. This is a great result for investment into Wolverhampton and the wider West Midlands economy."

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