Deal hat-trick for Energize as it buys, sells and invests
ENERGIZE Capital, the North West private equity business founded by corporate financier Jeremy Carr has completed a hat-trick of deals in the last week.
The first was a bolt-on acquisition of Stockport lighting and electrical services firm Mainlight by investee company Trumeter. Mainlight is a commercial lighting and electrical services business.
Energize’s first investment was in Bury company Trumeter in 2010, and the business, which is a designer, manufacturer and distributor of sophisticated control and measurement products, lighting solutions and custom electronic products, now has sales of more than £12m and operations in Malaysia and the US.
The second deal was the sale of the accountancy arm of its investee company ethical debt solutions provider Bridgewood Financial Services to Clear Sky Accountancy based in Warrington.
Mr Carr said this will enable Nottingham-based Bridgewood to concentrate on its core services providing support to consumers and businesses with financial difficulties.
Finally, Energize provided new investment to North West personal care products business Brand Cloud to buy a new business, Nature’s Dream.
Based in Staffordshire Nature’s Dream adds a range hair colour and the Patch IT detox brand to the portfolio of brands owned by Brand Cloud, which was founded by Peter Whitehurst, a former executive with consumer healthcare business SSL Interntional until its sale to Reckitt Benckiser.
Mr Carr said: “It has been a busy few weeks but we continue to work hard to help our investee companies with their business plans and we are open for new opportunities for those looking to find a buyer for their company or raise new investment of up to £5m.”
Energize Capital were supported in these transactions by solicitor Andrew Page of Altrincham firm McHale & Co, Tony Woolley of Pareto Tax and Anthony Richardson of Transaction Support.
ABN Amro have provided debt support and Andy Humphrey of DTE, Dave Gledhill of Bermans, Paul Rimmer of DWF in Liverpool were other North West advisers acting for parties involved in the deals.
