Versiv is a Global Market Leader in the development and manufacture of a range of highly technical coated fabrics, films, and laminates. Products are designed to meet specific customer requirements and are sold into a range of specialized, growing end markets including renewable energy, healthcare, aerospace, automotive, and telecoms.
Commenting on its acquisition, Versiv CEO, Dale Thomas said:
“I am thrilled to be leading Versiv into its new chapter as an independent business. There are tremendous growth opportunities available to Versiv and our partnership with Longacre Group will enable us to take full advantage of them. This is the start of an exciting journey.”
Elliott Nicholson, managing director of Longacre Group said: “We are delighted to welcome Versiv to Longacre Group. Versiv has market leading technical capabilities, a world-class team, embedded relationships with its customers, and a strong pipeline of new products in development. We are excited about the prospect of continuing to grow the business, both organically and through select acquisitions.
This investment represents our sixth corporate carve-out in the last five years and we continue to see this as an area of specialization for Longacre Group”.
Longacre Group was advised by Eversheds Sutherland LLP and PKF Francis Clarke