Safespaces, a provider of specialist equipment for users with complex needs, has been acquired by Euston Ventures with support from Shawbrook.
Based near Manchester, Safespaces has operated for over 25 years and specialises in designing and manufacturing class one medical devices for people with complex needs, including learning disabilities, autism, epilepsy, sensory seeking, or challenging behaviours.
Euston Ventures is focused on acquiring specialist businesses that solve critical or technical challenges for their clients, and will support Safespaces in its next phase of growth.
Shawbrook provided a commercial loan facility to Euston, having supported the firm on several other of their acquisitions.
Rob Lunga, CEO of Euston Ventures, said: “Safespaces is a fantastic business, transforming the lives of its customers through carefully designed products.
“We are proud to be entrusted with the business over the journey ahead, supporting the team in the business going forward.
“Shawbrook has been a strong partner on this transaction, which has allowed for a seamless handover which ensures continuity for suppliers and customers alike.”
Oliver Sutton, director at Shawbrook, added: “Euston Ventures has a reputation for backing SMEs with strong customer bases and market position and this was very clear in Safespaces.
“It is a pleasure to support an acquisition that ensures these market-leading and life-changing products will benefit even more people.
“We look forward to seeing Safespaces grow with the team at Euston’s support and expertise.”
