Leading Law firm George Green LLP’s corporate team have advised in connection with a management buy-out (MBO) at Black Country manufacturing firm, Bowman Stor, the company behind the world’s first condensate filter made from recycled glass.

The deal involved a significant capital investment from Frontier Development Capital (“FDC”), into the Walsall-based business. FDC was advised on the deal by George Green LLP’s corporate partner Philip Round.

Established in 1998, Bowman Stor designs, develops, manufactures and distributes industrial condensate filtration systems to domestic and international clients around the globe, across a range of sectors including automotive, aerospace, engineering, healthcare, water treatment and pharmaceutical.

Carl Perry, investment manager at FDC said “we are delighted to back our first MBO investment in the West Midlands. We believe that the business has huge opportunities.”

Philip Round commented “we are delighted to have been able to help our clients navigate through this deal which has capped off a busy period for our corporate team which has seen us complete a number of transactions. We are expecting to be involved in a continuing and strong deal flow as the rest of the year unfolds.”

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