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Gloucestershire Business News

Carmichael Capital buys Staverton firm

Staverton-based manufacturing firm, Future Advanced Manufacture, has been sold to Carmichael Holdings, for an undisclosed sum.

Future Advanced Manufacture helps engineers and designers from around the world turn their ideas, concepts and designs into highly engineered prototypes and high quality, scalable production.

Carmichael Holdings was formed as the acquisition vehicle for the buyout, as reported by Business & Innovation Magazine. The transaction was supported by fresh equity being committed by Carmichael, as well as a funding package provided by Arbuthnot Latham.

Ashok D'Sa, founder of Carmichael Capital, will partner with Future's former owner, Craig Peterson, to continue growing the business under new ownership.

Carmichael Capital is a long-term global investor. It was formed to invest in niche, IP rich engineering and technology businesses with international growth potential, with enterprise values of £3m - £30m, that would benefit from a change of ownership.

The founders of Carmichael Capital possess strategic and operational skills from long running careers in the industry. Investment capital is sourced from high-net-worth individuals, family offices and overseas investors.

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