Last checked at 
20 Jun 2008 07:00
20 June 2008
LMS Capital plc
LMS Capital invests in Pims Group
LMS Capital plc ("LMS") is pleased to announce that it has invested £2.5 million in Pims Group, a supplier of waste water pumping systems and services, in a coinvestment with Inflexion 2006 Buyout Fund.
Pims is a well-established business based in Farnborough, Hampshire, which has enjoyed strong growth and has national coverage. Its Pumps Division designs and installs systems for domestic and commercial sewerage and rainwater and last year installed over 700 pumping stations. The Services Division has over 4,000 maintenance contracts, and its customer base includes major retailers. The UK market for these services is large (c £1 billion per annum) but there are few competitors of similar scale and there are opportunities to grow by acquisition.
Commenting on the transaction, Martin Pexton, Managing Director of LMS, said:
"We are pleased to have the opportunity to invest alongside Inflexion in the buyout of Pims. LMS is a limited partner in Inflexion's 2003 and 2006 buyout funds and we have successfully coinvested with them in the past."
For further information please contact:
| LMS Capital plc | 020 7935 3555 |
| Robert Rayne, Chief Executive Officer Martin Pexton, Managing Director Tony Sweet, Chief Financial Officer | |
| Arbuthnot Securities Limited | 020 7012 2000 |
| Alastair Moreton | |
| Brunswick Group LLP | 020 7404 5959 |
| Simon Sporborg Leonora Pou Oliver Hughes | |
About LMS Capital
LMS Capital plc is an independent investment company whose shares are traded on AIM. The investment portfolio comprises investments in both the US and UK, with a spread of early stage and second round technology investments, development capital and mature company buy-outs.
www.lmscapital.com