PORTFOLIO

Magicard: Securing international growth

Carve out helps create independent company driving international expansion from Dorset.

Sector
  • Technology, Media, Telecoms

Magicard is the UK manufacturer of desktop ID card printers and Identity systems, TrustID card design and issuance software, UltraSecure smart cards.

Deal type
  • Carve out
Deal value

£22m

The Team
LDC Region

Secure desktop ID card printer and software business Magicard operates sales offices in the UK, US, Dubai and China.

Tens of thousands of Magicard printers are shipped from its UK manufacturing centre in Dorset to more than 100 countries each year. Over 70 per cent of its £19.3m sales come from international markets.

Unlocking new territories

In 2016 we backed the £22m carve out of Magicard from listed defence and security group Ultra Electronics Holdings plc.

Following our investment, the business has focused on driving sales of its new Helix retransfer printer and increasing its expansion into new international markets.