An audiovisual company has secured £4m financing for future growth.
WestBridge Capital has ploughed the cash into DB Systems Limited, a Tewkesbury-based supplier of AV and IT equipment, interactive software and temporary network infrastructure to trade shows, large exhibitions and live events in the global events market.
The business was founded by David Bulley who will continue at the helm of the firm, leading a strong operations team with many years’ experience in the events industry.
Sales and employee numbers have grown rapidly in recent years. The business now has annual revenues of £8m and 63 employees. It supplies equipment to some of Europe’s best known events and venues, including Farnborough International Air Show, Mobile World Congress Barcelona and Aberdeen Exhibition & Conference Centre, as well as technical support to trade show organisers across Europe, the Middle East and Asia.
WestBridge Capital partner James Wakefield, who worked on the transaction with colleague Sandy Smart, said: “This is exactly the type of well managed business we like to invest in. It has a large number of long established customers who value its consistent provision of quality service.