Oxford, U.K.–Path Group Plc are in the final stages of a management buy out of the company by its top management staff.
Path Group is based in Oxfordshire with a twenty-five year history designing, manufacturing and marketing premium accessories in the Hi-Fi and Audio/Video industry. The group owns and manufacturers IXOS. Path also distributes Case Logic throughout the UK while providing OEM design and supply-chain management services for PC and AV accessories for many other companies worldwide.
Financing was provided by a London-based venture capitalists Beringea, the original founders of the Path and Venture Structured Finance Ltd, a division of ABN AMRO. All legal services were provided by Field Seymour Parkes. James Cowper of Thames Valley provided all professional and financial advice.
Joe Carri, Path Group MD said, I am proud to be able to make this announcement. Tony Sanderson, Chris Harris and I have been working on this for some time now and look forward to taking the next steps in the evolution of this business. Our goal to be a major global player in premium accessories has taken another step forward.
We have a great business model, two great brands IXOS and Case Logic, and a strong team of people working in many locations around the world. This would not have been possible without the continued support from our customers, partners and staff.
The group consists of Path Group Inc in the United States, Hong Kong division Cypress Pacific, Path Russia Limited, and Path Distribution Ltd here in the United Kingdom.