Private equity firm Primary Capital has backed the £20 million management buy-in of Güralp Systems, a manufacturer of ‘seismic instrumentation’.

Private equity firm Primary Capital has backed the £20 million management buy-in of Güralp Systems, a Berkshire-based company which designs and manufactures broadband seismic instrumentation.

The deal represents Primary’s seventh investment from its current Primary III fund. The firm worked with Dr Cansun Güralp and Tony Wall, the incoming managing director, over several months to structure the deal and assemble the rest of the management buy-in the team.

Güralp says: ‘After 25 years in the manufacture of scientific instrumentation we have exceeded all expectations and are ready for the next phase of growth and creativity. We have added much to the field of seismology and associated areas of science.’

The deal was led and structured by Primary. Peter Jacobs, an investment director with the private equity house, joins the Güralp board as non-executive director. Alec Parkinson and Graham Heddle worked alongside Jacobs on the transaction. Armstrong Transaction Services provided due diligence on the deal led by Robin Illingworth, director, and Edward Hikmet, associate director.