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Lincoln International advises on Carbolite sale to Verder laboratory division

Lincoln International, a mid-market investment bank, has completed the sale of Carbolite Holdings, a Derbyshire-based designer and manufacturer of electric laboratory and industrial furnaces.

The company was owned by Nova Capital and was part of a portfolio of six businesses acquired by Nova from Barloworld of South Africa in November 2007.

Under Nova’s stewardship, and as a result of Carbolite’s growth since 2007, the gross equity return to Nova’s investors will be around 3.5 times the equity invested in the Carbolite business.

Carbolite has been sold to the Verder Group, a Dutch family-owned solutions provider for liquids handling, process handling and laboratory equipment, which was founded in 1915. The company’s main operations are in the preparation of solid materials for quality control and content analysis.

Mark Barrow, managing director, Lincoln International, says: “We are delighted to have supported Carbolite in the next chapter of its long history. This deal highlights the ability of Lincoln International’s global offices to find buyers for leading UK businesses.”

Carbolite has more than 70 years’ experience in development, production and sale of electric laboratory and industrial furnaces. It employs 160 staff and has sales companies in German-land (Ubstadt-Weiher, Baden-Wurttemberg), France and the US.

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