Bowmark Capital, the mid-market private equity firm, has backed the £32 million management buy-out of CSL DualCom (CSL), the UK's largest provider of dual-signalling products and services for intruder alarms, from Octopus.
CSL pioneered dual-signalling technology, whereby signals are transmitted over both a traditional fixed telephone line and a wireless network, in the late 1990s. This is now regarded as the standard format for alarm signalling and is specified by all leading insurance companies.