Foresight invests in Ekkosense

Financial details of the transaction are undisclosed, though the firm typically invests £1-5m in buyouts and expansion deals.

The fresh capital will enable the company to develop new and existing products, with a focus on Internet-of-Things technology.

The deal marks the fifth investment by Foresight in the space of one month, with the GP most recently investing a seven-figure sum in sports clothing company Player Layer.

Company
Founded in 2013, Nottingham-headquartered Ekkosense develops software and sensors for use in data centres, server rooms, power transmission sites, solar plants and with telecommunications equipment. Its products are designed to increase equipment efficiency and generate energy savings.

People
Foresight Private Equity – Mike Quinn (senior investment manager).
Ekkosense – Dean Boyle (CEO).

Advisers
Foresight – Browne Jacobson, Richard Medd, Vicky Gaskell (legal); Mazars, Julian Clough, Adam Foster (financial due diligence); PMSI (commercial due diligence).
Company – Nelsons, Duncan Taylor (legal).

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