Our track record demonstrates the team’s ability to grow companies.
From 1999 to the establishment of Fund II (collectively called Fund I), the Clyde Blowers Capital team made buyout platform investments. These investments were made with co-investors.
Fund II closed at £250.1m in November 2008 and subsequently invested in six portfolio companies: Clyde Pumps and Union Pump (which merged on the same date), David Brown Gear Systems, Hydreco (formerly known as David Brown Hydraulics), Maag Pump Systems and Clyde Bergemann Power Group.
In addition to these assets in Fund II, Clyde Blowers Limited provided leadership and management support to InterBulk Group which was traded on the AIM market. Clyde Blowers Capital has successfully exited the investments in Clyde Union Pumps, Maag Pump Systems, Clyde Bergemann Power Group and Hydreco.
Clyde Blowers Capital successfully closed Fund III on 27 January 2012. With an initial target fund size of £350m, which was extended to £420m, Fund III was still significantly oversubscribed at final close.
On 8 February 2012 Clyde Blowers Capital Fund III completed the acquisition of the two trading businesses of Finland headquartered Moventas OY. This marked the first investment from Fund III. Fund III has made five subsequent acquisitions - Cone Drive, CBC Electric Machines Group, ESI, Keto and Fergusons – and has since demerged the Santasalo industrial gears business from Moventas. Clyde Blowers Capital successfully exited Cone Drive in 2018.