Private equity house, Chiltern Capital, has completed an investment in a waste management incinerator manufacturer with support from a multi-million-pound lending facility from Shawbrook Bank.
Inciner8 Ltd, based in Southport, was acquired by Chiltern in a deal that will enable the business to capitalise on its market position as well as grow its product range, service offering and global reach. It designs and manufactures incinerators for a range of uses across the waste management industry, supplying incinerators to corporate, government and non-governmental clients globally
David Butler, investment manager at Chiltern, said: “Speed, certainty and flexibility are three essentials we look for in any funding solution and Shawbrook expertly delivered on all three. We are investors in ambitious businesses and Shawbrook’s recognition of Inciner8’s potential made working with them the obvious choice.”
Chiltern’s acquisition was supported with a multi-million pounds unitranche loan, including an additional revolving credit facility, provided by Shawbrook Bank.
James Salmon, director within Shawbrook’s financial sponsors team, added: “We are delighted to bring our own expertise and specialist knowledge to the table in providing funding for an ambitious sponsor and innovative UK SME.
“Inciner8 has an enviable track record providing innovative incineration products for the global waste management industry. Its global potential is outstanding, and we are delighted to be supporting its continued success and growth.
“Chiltern are specialists in investing in growing lower mid-market companies and Inciner8 is yet another example of their ability in spotting ambitious businesses and management teams looking to grow. We are both impressed and excited by the Inciner8 business and management team and immediately identified the value that Chiltern could bring as investors.”