Auto Parts Maker Wins Key Private Equity Cash

The HeraldJanuary 12, 2011

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Summary


GLASGOW automotive parts manufacturer John McGavigan, which was rescued from administration in late 2009, has secured a multi- million-pound funding package from private equity house Maven Capital Partners as it targets significant expansion.

It is a dramatic turnaround in fortunes for a long-established business and its employees, whose futures were in grave doubt little more than a year ago.

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Extract


Auto Parts Maker Wins Key Private Equity Cash

McGavigan, which employs 133 people and produces front panels for car stereo systems and backgrounds for speedomete...

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