Volvox Group is a leading technology and service group supplying lighting, electrical and consumable products internationally for both professional and private use to the transport industry and automotive aftermarket.
Volvox operates under three market leading brands providing innovative class leading products and services that whilst often essential offer added value through design, safety, comfort or convenience
LDC supported a £12million management buyout of Volvox Group in 2005 to grow value in the business.
Working alongside management, LDC delivered a strategy for the company which focused on financial and operational improvements, increase in the business' product range & scale of operations and overseas growth.
As part of this plan, LDC supported the business move to a new 60,000 square foot production and warehousing facility - double the size of its predecessor - and introduced scale and systems to its supply chain to handle increased capacity and new export markets, which increased four-fold from £2million to £8million.
Volvox increased turnover by 60% from £25million (2005) to £40million (2011) and was transformed from a strong UK-focused business to an international leader in the supply of automotive products.
In 2011 LDC sold its stake in the business to Elysian Capital.
LDC has been a critical ingredient in our success over the last six years. The financial support, expert guidance, board room challenge and commercial opportunities they’ve provided have enabled us to transform Volvox Group into an international leader in our field, setting the scene for our next phase of growth with Elysian Capital. LDC’s partnership approach – based on supporting management’s objectives to accelerate growth – has made this an enjoyable and rewarding journey for our people and our customers.
CEO, Volvox Group