Growth Stories

Edwards Group

Crawley, United Kingdom

Status: Realized

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Partnered with management to establish a corporate
carve-out as a strong stand-alone company, restructure
manufacturing footprint and invest in new products and
technology during an economic downturn to grow
business and lower cost base leading to a successful
initial public offering in 2012

CCMP invested in Edwards, a leading global manufacturer of highly engineered vacuum products, in 2007. Edwards manufactures and services high-performance vacuum pumps and equipment for industrial processes.

Opportunity and Why CCMP

  • Experience in complex carve-outs
  • Market leader with best-in-class product technology
  • Strong growth and operational improvement prospects

Value Creation

  • Invested in R&D and technology during economic downturn to launch new line of leading GEN4 products
  • Transferred manufacturing footprint to be closer to customers
  • Utilized CCMP network to augment management team and board of directors
  • Executed accretive disposal of non-core assets

Results

  • Increased revenue and structurally lowered cost basis significantly increasing EBITDA margin during CCMP’s ownership
  • Initial public offering in 2012 (NASDAQ: EVAC) and eventual sale to Atlas Copco AB