Maven leads MBO of CMS Window Systems

The transaction includes the largest equity cheque ever written by Maven and is the fourth investment made by Maven’s UK Regional Buyout Fund, which recently announced its final close, having raised ￡100 million from a diverse range of investors, including Scottish Enterprise - Scotland’s national economic development agency, family offices, high net-worth syndicates, pension funds, fund of funds and asset managers.

CMS specialises in designing, manufacturing and installing energy-efficient and environmentally friendly products, including PVCu and aluminium windows, doors and curtain walling systems. Established in 2006, CMS operates from its 15-acre, state-of-the-art, headquarters in North Lanarkshire with an additional door manufacturing facility in Fife.

The company undertakes contracts for some of the largest housing investment programmes and commercial build projects in the UK and has long-standing relationships with many of Scotland’s local authorities to refurbish their social housing stock and has recently extended its reach to local authorities in the North of England. CMS commands a strong market position, with the business possessing the capabilities and experience to undertake large and complex projects across all commercial, social, and private housing markets. 

Its capability to complete client projects across several market channels has led to a record year for CMS. New commercial contracts, such as the flagship Atlantic Square development in Glasgow, and strong recurring revenues from long-standing customer relationships, have contributed to turnover increasing to over ￡36 million.

Maven has taken a majority equity investment in the company which will enable CMS to further pursue its social housing strategy, targeting the larger addressable market in England, as well as capitalising on the increased demand for energy-efficient windows and doors in new-build housing.