21st December 2018
YFM Equity Partners has exited its investment in GTK Limited for £14.3m, to Volex Plc, generating a return of 3.4x original cost to its funds and a 36% IRR.
FM supported the incumbent management team in the primary buyout of GTK from its founder in October 2013. During the past five years, YFM has seen invested revenues grow over 60% and profits have more than doubled. The growth has been driven by continued investment in the UK sales team; the opening of a new sales office in Germany; a near doubling of manufacturing capacity in the UK; and the opening of a new manufacturing facility in Romania in 2016.
18th December 2018
Foresight Group has made a substantial investment into Caphan Trading Limited, trading as The Children’s Furniture Company, on behalf of the Midlands Engine Investment Fund.
Based in Milton Keynes, The Children’s Furniture Company designs, manufactures and sells a wide range of children’s furniture.
After developing its own e-commerce store, the firm now supplies several national retailers - offering durable furniture at an affordable price point compared to its competitors.
6th December 2018
MEIF Maven Debt Finance has provided Automotive MacIiver Limited, the designer of the only multiple car seats for children with a £150,000 debt funding package. The funding will enable the business to invest in its product range, improving efficiencies in its batch manufacturing process, increase stock to meet growing sales and support the appointment of two new business development roles in the Birmingham area.
Multimac, invented by Automotive Macliver, is a unique, multi-child car seat which delivers a completely new concept in child car seat safety. By allowing three to four children to be seated in a row, Multimac removes the dangers associated with a seven-seater vehicle, which places children in the boot space of the car, commonly known as the ‘crumple zone’. The Multimac enables up to four children from 0-12 years to be seated in a row of even the smallest cars and is approved for adult use.
22nd November 2018
The Development Bank of Wales has confirmed a £200,000 investment in Dafen based DRL Partitions Limited, a new manufacturing business specialising in movable wall systems.
Established by Managing Director Dennis Lewis, DRL manufactures sliding folding walls, expanding walls, operable walls and glass partitions for the education, health, leisure, community and commercial markets. Opportunities in the Middle East and India mean that the business is already exporting around 10% of products with this figure set to grow to 40% within the next two years.
14th November 2018
Maven Capital Partners and the Development Bank of Wales have confirmed a £3 million equity investment in Motokiki, Britain’s first truly independent vehicle tyre comparison website.
The investment of £1.5 million by each funder will support Motokiki’s drive to develop new strategic partners, and fund sales and marketing initiatives to raise awareness of the brand and grow its customer base.
Motokiki’s unique comparison engine will provide a whole of market solution, comparing the price of tyres from a large range of manufacturers and suppliers, providing consumers with an impartial comparison across a wide range of retailers. Existing UK websites that provide tyre pricing information, in practice only list prices based on their own stock.
22nd October 2018
IW Capital has announced senior loan funding of £1.1 million to assist in the acquisition of Troika Systems Ltd, a global leader and specialist supplier to the printing and packaging industry.
Troika Systems Ltd is a long-established and award-winning UK manufacturer and distributor of 2D and 3D microscope scanning and management systems. Fresh Equity Limited, the Midlands-based SME investor, will be working with the management team to further grow the sector profile of Wiltshire-based Troika and its presence in the global marketplace.
22nd October 2018
London-based investment fund, Fuel Ventures, has invested £500,000 in Manufacturingsource.com, an on-demand manufacturing platform, which connects design and production engineers with suitable and trusted manufacturers to create custom parts. The site, which has attracted a global network of engineers and manufacturers, allows customers to get instant quotes and place orders, from prototypes to full scale production, on a single platform.
10th October 2018
LIGNIA Wood Company, a producer of sustainable modified wood based in Barry, Wales, has secured £3 million funding from London-based investment manager Downing LLP, to support the construction of its first commercial production facility.
The company is helping tackle issues relating to lack of supply of legal and sustainable hardwoods. It is doing this by modifying the properties of sustainably-sourced, plantation-grown softwoods under the brand name LIGNIA®.
10th October 2018
Phytoponics, a multi-award winning start-up specialising in the development of hydroponic deep-water culture technology for sustainable agriculture has secured £300,000 in new funding following on from the £200,000 it raised earlier this year. The funding comes from existing investors and a number of new angel investors lead by Smart Anchor Capital.
The company based in Aberystwyth was co-founded by Adam Dixon and Luke Parkin during Adam’s studies at Cardiff University with the aim of delivering highly optimised hydroponic systems designed to produce better crop yields than traditional systems and with the potential to meet global food demand with sustainability in mind. Phytoponic’s patented Hydrosac technology is ready for high volume commercial growing having proven itself by producing two tonnes of high quality tomatoes through a pilot project housed at the company’s glasshouse facility at Aberystwyth University.
5th September 2018
Maven Capital Partners has led the £20 million management buyout of UAP Limited, a leading UK supplier and distributor of high specification door and window hardware. The transaction represents Maven’s second investment from its new buyout fund, having earlier this year led an investment in Sc
17th July 2018
Camtronics Vale Limited have completed a management buy-out with the support of a £400,000 loan from the Development Bank of Wales.
Led by Managing Director Paul Macleur, the senior management team have acquired the £2million turnover contract electronics manufacturing business from the parent company PhotonStar LED Plc. Based on Tredegar Business Park, Camtronics offers a full range of electronics manufacturing services and employs 31.
12th July 2018
The Q2 2018 SME Growth Tracker, published today, reports that amongst small and medium-sized enterprises (SMEs) the Confidence Index score for their business has deteriorated from -6 earlier this year to -8. Confidence in business conditions has remained negative for all SMEs since the UK general election in 2017, when it was at its lowest point (-11), and has not been positive since March 2017.