Blatchford, Basingstoke, England, has accepted an offer from private-equity firm CBPE Capital (CBPE), London, England, whereby the firm will acquire a majority ownership position in the company. Blatchford is a long-time designer and manufacturer of orthotics, prosthetics, and seating options for those with mobility challenges. CBPE will be investing alongside fourth-generation family member Stephen Blatchford, who will retain a substantial interest, and the company’s management team led by Adrian Stenson, CEO. The acquisition was led by CBPE director Naveen Passi and partner Ian Moore, who will both join the Blatchford board. Terms of the transaction were not disclosed.
According to CBPE, the private equity firm will support the management’s plans to bring new products to market, as well as help the business to expand geographically, both organically and through acquisitions.
