Leicester manufacturer swaps private equity owners
Private equity firm Foresight has exited Leicester-based Camloc Motion Control.
The Leicester-based company, which is a designer and manufacturer of motion control solutions with a blue-chip customer base, employs around 40 people.
Founded in 1989, the firm has been backed by The Foresight Nottingham Fund, managed by Foresight Group, the leading listed infrastructure and private equity investment manager, since 2016. It has now been bought by Macaulay Capital.
David Miles, senior investment manager at Foresight Group, said: “Camloc is a fantastic example of Foresight’s model of supporting the ambitions of regional UK SMEs. We are delighted to have partnered with the management team and supported them in becoming a premium and innovative provider of motion control solutions. We wish the team every success for the next stage of their journey.”
The investment from Macaulay Capital will support the next phase of Camloc’s future growth. The existing management team will remain with the business.
Julie Barker, joint managing director at Camloc, said: “This is another important step forward for our business. Over the past few years, we have successfully expanded the global reach of our products and invested in new manufacturing equipment to increase production capability and flexibility, further cementing our position as a leading player in motion control solutions.”