Minivator, now part of Handicare group, was the world’s second largest manufacturer of stair lifts. Their product range offers stair lifts and bath lifts for use in both domestic and public situations, lifting solutions for both indoors and outdoors, and products that meet with the requirements of the Disabilities Discrimination Act. Midven invested in Minivator to support the Management Buy-out of the business. At the time of the investment the business was loss making subsidiary of Sunrise Medical. An exit was achieved in August 2004 through a secondary buy-out backed by Gresham Private Equity, generating an IRR of some 70% and cash multiple return of 7.