Endless's Enact acquires Bawtry Carbon

The firm drew equity from its Enact Fund II, which held a final close on £30m in June 2019 and makes investments of up to £5m in special situations. This is the fund's third investment.

Enact partner Chris Cormack will join the company's board.

Bawtry Carbon was put into administration in September 2019 in a process handled by Grant Thornton.

The company generated an operating loss of £2m from £17.7m in revenues in 2018, down from an operating loss of £2.1m from revenues of £11m in 2017.

Company
Founded in 1972, Bawtry Carbon supplies carbon cathode products to the aluminium industry. The company employs 80 people at its headquarters in Austerfield.

People
Endless Enact – Chris Cormack (partner).
Bawtry Carbon International – Carl Hammerton (managing director).

Advisers
Equity – Gordons (legal); Tax Advisory Partnership (tax).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Turnaround/Special Situations
• Buyouts
• UK / Ireland
• Industrials
• United Kingdom
• Turnarounds
• Endless