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NVM Private Equity backs management buyout of UK e-payment solutions provider

U.K.-based NVM Private Equity LLP, through NVM Private Equity Vintage III LP, closed the management buyout of electronic payment solutions provider Secure Retail Ltd.

NVM's Andy Leach and Liam May joined Secure Retail's board at completion.

Secure Retail offers hardware, managed services and software products, mainly for retail, hospitality and infrastructure clients. NVM invests between £1 million and £15 million in U.K. businesses.

DWF offered legal due diligence advice to NVM, while Dow Schofield Watts was its financial due diligence adviser. Commercial due diligence was conducted by CIL, Deloitte offered tax due diligence and Continuum provided management due diligence services.

Shakespeare Martineau offered legal counsel to Secure Retail, while KBS Corporate served as its financial adviser.