Globally respected incinerator manufacturer, Inciner8, set for accelerated growth following private equity buy out

Billboard
  • Chiltern Capital has completed a multi-million-pound investment in Inciner8 to back a management buy-out from its founder
  • Funding will help Inciner8 capitalise on market position, as well as grow its product range, service offering and global reach
  • PE investor, Chiltern, takes a majority stake in the company with unitranche debt funding support from specialist lender Shawbrook Bank

 

Private equity house, Chiltern Capital, has completed an investment in a leading waste management incinerator manufacturer with support from a multi-million-pound lending facility from Shawbrook Bank.

Inciner8 Ltd, based in Southport, Merseyside, was acquired by Chiltern in a deal that will enable the business to capitalise on its strong market position as well as grow its product range, service offering and global reach.

Inciner8 designs and manufactures incinerators for a range of uses across the waste management industry, supplying incinerators to corporate, government and non-governmental clients globally. Its products are often used to safely reduce the mass and disposal of hazardous waste that would otherwise end up in landfill. Its incinerators are environmentally friendly thanks to their ability to retain and reburn harmful exhaust gases.

 

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.

Shawbrook has a proven track record in providing streamlined leverage funding of up to £20m for financial Sponsors investing in UK SMEs. The transaction is hot on the trail of the recent backing of Graphite Capital’s Ten10 acquisition and is the team’s tenth deal completion in 18 months.

 

James Salmon, Director within Shawbrook’s Financial Sponsors team, said:

“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.”

 

Shawbrook Bank’s legal advisor was Macfarlanes LLP.