Electra backs Nuaire’s management

Nuaire, a manufacturer of domestic, commercial and industrial fans, has been bought by its management for the second time in three years. The Caerphilly-based company has been sold to a team led by chief executive Alan Wright for an undisclosed sum.


Nuaire, a manufacturer of domestic, commercial and industrial fans, has been bought by its management for the second time in three years. The Caerphilly-based company has been sold to a team led by chief executive Alan Wright for an undisclosed sum.

Nuaire, a manufacturer of domestic, commercial and industrial fans, has been bought by its management for the second time in three years. The Caerphilly-based company has been sold to a team led by chief executive Alan Wright for an undisclosed sum.

The deal was funded by Wright’s team with a £34 million investment from Electra Partners, part of Electra Private Equity. Additional funding was provided by Bank of Ireland and The Royal Bank of Scotland.

Electra and the buy-out team hold all the shares in the company. Post-completion, Electra’s Tim Syder and Charles Elkington have joined Nuarie’s board as non executives.

The company was sold by ECI Partners, which backed the original buy-out in 2004 with a £38 million investment.

Nuaire has been designing and manufacturing ventilation products since 1963. It has an annual turnover exceeding £40 million and currently employs 350 people around the world.

Electra Partners, which has £800 million under management, has invested more than £3 billion in the past 15 years.

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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