HMT advised Primary Capital and Newco on their recent £20 million buy-in of Guralp Systems Limited (“Guralp”).
Guralp is the global leader in the design and manufacture of broadband seismometers and complete seismic systems. It supplies the widest range of seismic devices in the market, including land-based, ocean-bottom and borehole instruments which are used, amongst other applications for early warning of impending earthquakes, volcanic eruptions and tsunamis. Guralp is now looking to exploit commercial markets including energy, security and civil engineering.
Peter Jacobs, Primary Director and Guralp board member, commented:
“HMT demonstrated a high level of commitment in providing a comprehensive analysis of the financial history and projections of the business. The determination and willingness of all members of the team to ‘roll up their sleeves’ was commendable. I would have no hesitation in using HMT again in a similar situation.”
Andrew Thomson commented:
“HMT was delighted to assist Primary in achieving this buy-in which will allow the new management team to exploit the significant growth opportunities available. We wish Primary and management every success and look forward to working with them again in the future.”