PHD Equity Partners invests in Technikraft

Financial details of the transaction remain undisclosed, though publicly available documents reveal that a holding company was recently launched to carry out the transaction. PHD is currently investing from its second fund, which writes equity cheques of up to £4m.

The company's management team will partially realise their investment in the company via the deal, following which Technikraft will look to expand into new markets.

Company
Founded in 1987 and headquartered in Goole, East Yorkshire, Technikraft is a supplier of own-label chemicals including personal hygiene products, hard surface cleaners, vehicle cleaning products, metal treatment products, fuel treatments, disinfectants and sanitisers. Its clients include oil companies, car manufacturers, engineering firms and wholesalers.

The company has a headcount of 57.

People
PHD Equity Partners – Philip Price, Craig Richardson (partners).

Advisers
Equity – Dow Schofield Watts Transaction Services, Sophie Colloby (financial due diligence); DWF, Rosie Spencer, Will Munday (legal); RSM, Colin Smyth (tax).
Vendor – Spinnaker Corporate Finance (corporate finance); JMW Solicitors, Mark Heppell, Sara Bluston (legal).

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