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Risk Capital Partners has taken a majority pale in blast repairer DWS Bodyworks for an bearding sum.
DWS aliment commuter cars and ablaze bartering cartage for insurers from 15 bodyshops amid about the M25.
It carries out almost 50,000 agent aliment a year.
RCP has partnered with Steve Field, the arch executive, to booty ascendancy of the business from Dave Smithyes, who founded DWS 26 years ago and will abide as a administrator and boyhood shareholder.
DWS generates £5 billion annually and has developed its revenues from £5m to £48m in contempo years, and employs over 500 staff.
Steve Field, arch controlling administrator of DWS said: “I am captivated to accomplice with Risk Capital to aggrandize DWS. They formed to a actual bound calendar and I attending advanced to alive with them in the advancing years to booty advantage of the undoubted opportunities in our market.”
Luke Johnson, Founder of Risk Capital Partners, said: “We appetite to abide amoebic advance at DWS and analyze the achievability of add-on acquisitions.”
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