Endless to invest £40m in portfolio
PRIVATE equity firm, Endless is to invest more than £40m into its portfolio of companies over the next 12 months.
The firm, which has offices in Manchester, Leeds, Birmingham and London and specialises in investments in mid-market companies, recently acquired Oldham-based chemicals business James Briggs and previously led a successful turnaround of Lancashire;s Crown Paints.
Endless said the commitment to support more than £40m of capital expenditure projects would include its wide portfolio of companies including retailers Bathstore and The Works, office products distributor Vasanta Group, business process outsourcing specialist Liberata and one of the UK’s largest pork producers Karro Food Group.
Garry Wilson, managing partner said: “At a time when the indications of growth in the UK economy are encouraging, this is further evidence that UK businesses are gaining the confidence to invest in the future. We are effectively investing more into our portfolio than the profits the companies earn after tax, so every penny they make and more this year is going back into the businesses to drive their future prosperity.”
Mr Wilson added: “We are passionate supporters of UK business and see long term investment as the best way to drive value growth.”
The £40m investment being made across the portfolio is spread across initiatives to open new markets and deliver operational improvement.
It includes investing more than £20m in new production lines, facilities and operational developments, £8m in new sites and stores and £6m in IT, e-commerce and digital platforms.
