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Tech firm in buy-out

Photonics acquired in private equity backed MBO

Andrew BlainPhotonic Solutions has been acquired in a management buy-out involving eight of the Edinburgh company’s senior staff.

The MBO was led by equity investor Panoramic Growth Equity and law firm Shoosmiths.

Andrew Blain (pictured) will lead the team as managing director. Panoramic partner Stephen Campbell will join the Photonic Solutions board.

It was was set up in the 1990s and is based at Heriot Watt University Research Park. It mainly provides a wide range of laser systems, spectroscopy and microscopy instrumentation, laser diagnostics, detectors and laser safety equipment to university research departments and high-tech industries.

Shoosmiths corporate partners Alison Gilson and Stuart Murray led its advisory team. 

 

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