Intrinsic Equity has opened its investment taps to take over Ham Baker, a Stoke-based manufacturer of flow control products for the water and waste water sectors.
Birmingham investment house Intrinsic controls a new vehicle, Ham Baker Group, and has invested £5m for five solvent companies – Industrial Valves, Industrial Penstocks, Industrial Pipeline Solutions, IVL Flow Control and FJ Estates – plus the trade and assets of the flow division of Ham Baker Adams, which had gone into administration.
The purchase has also been supported by Alycidon Capital with working capital funding provided by Leumi ABL and Ratesetter.
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