Maven backs trackball firm with £4.3m investment

A statement from Maven said Nottinghamshire-based Cursor, which has a history spanning decades, offers “the most comprehensive range of trackballs internationally and is the only independent company focusing solely on trackballs”.

With over 1,200 trackball variants in its product portfolio, and over 90 per cent of sales going for export, Cursor provides trackballs for a wide range of applications including use within the medical, marine, military and media sectors.

The Maven funding, which is to be supplemented by senior debt from RBS Corporate Transactions, is designed to allow Cursor to “accelerate its growth plans through the continuation of its leading edge trackball development and by leveraging the broad-based patent protected IP which the company already holds”.

Andrew Ferguson, Partner at Maven, said “We look forward to working with Neale and the team in helping Cursor to exploit its great potential. The business has established a reputation for technical expertise and innovation and is widely regarded as a market leader in its field. The current team is highly capable and, with the Maven’s support and the addition of a new Chairman and Finance Director, is well positioned to expand into new markets and applications”.

Cusor’s managing director Neale Sutton said: “After a number of successful years which has seen Cursor Controls become established as market leaders in trackball and input technology, the Management team are delighted to be embarking on the next chapter of the Company’s storied history with Maven by our side.

He added: “Maven continually demonstrated this support and understanding throughout and have already proved instrumental in assisting with the process of bringing on board Nick Burgess (Finance Director) and Kevin Kearns (Chairman) to complement the already strong and well established team.

Financial due diligence was conducted by BDO and commercial due diligence by Fairgrove Partners.

Management referencing by Korn Ferry and Insurance by IMI.