International law firm Osborne Clarke has advised the management team of Detectortesters (No Climb Products Ltd.), the leading global manufacturer of fire detector testing equipment, in relation of a majority investment by private equity firm Inflexion. The investment is being made by Inflexion Buyout Fund V.
The Osborne Clarke team included corporate lawyers led by partner Alistair Francis, senior associate Leanne Maund, and associate Bethany Shingfield, along with partner David Nisbet and Bridget Baillie for tax and Lara Flynn on employment.
Founded in 1965, Detectortesters designs and produces solutions that enable testing of smoke, heat and carbon monoxide fire detectors. With a worldwide customer base, consisting mainly of field service engineers, the business exports its products to over 130 countries, deriving over 80% of its revenues outside the UK. The company conducts all new product development in-house, working with all of the major fire detector OEMs, fostering efficiency as well as proprietary innovation.
Inflexion will support the management team at Detectortesters to continue product innovation including a focus on sustainability, drive revenue growth through pricing strategies and sales channel optimisation, whilst accelerating international growth. As part of the investment, the business will simultaneously acquire Systems Distributors, Inc., a US distributor of Detectortesters products which will be a platform for further growth in that region.
Osborne Clarke’s corporate and private equity practice has an outstanding track record advising start-ups, global market leaders, angel investors and institutional VC/growth capital investors on funding rounds, follow-on rounds, venture debt facilities, IPOs, trade sales and buy & build projects.
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