Endless's Enact fund acquires WHP

The transaction value is undisclosed, though Endless made the deal via its Enact fund, which typically makes equity investments of £2-5m.

As part of the deal, Enact investment director Chris Cormack has taken a seat on the WHP board.

The investment marks the second deal made by the SME-dedicated Enact fund in 2016. In March, the vehicle acquired London-based retail display business Kesslers International.

Company
Founded in 2006 and headquartered in Newcastle, WHP designs, produces and installs laboratory cleanrooms, containment facilities and sterile processing environments. Its clients include BASF, GlaxoSmithKline, Siemens and Akzo Nobel.

People
Endless – Chris Cormack (investment director); Paul Denvers, Stefan Nowakowski (investment managers).
WHP Facilities – Nigel Hall (founder, managing director).

Advisers
Equity – Addleshaw Goddard, Emma Collins (legal); Tax Advisory Partnership, Russ Cahill (tax).
Company – PwC (corporate finance); Watson Burton (legal).

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