GLASGOW-based Maven Capital Partners has invested £4.3 million in a firm that makes trackball pointing devices used in sectors such as healthcare and the media.
Maven's investment in Nottinghamshire-based Cursor Controls signals the private equity firm's confidence in the prospects for export markets in spite of the problems in the eurozone. Cursor Controls generates over 90 per cent of its revenues from overseas sales in the niche it focuses on. Maven said Cursor Controls offers the most comprehensive range of trackballs internationally and is the only independent company focusing solely on trackballs. It has more than1,200 trackball variants in its product portfolio. Andrew Ferguson, a partner at Maven, said Cursor Controls is widely regarded as a market leader in its field. He added: "The current team is highly capable and, with Maven's support and the addition of a new chairman and finance director, is well positioned to expand into new markets and applications".
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