Chiltern backs Inciner8 buyout

Chiltern is an evergreen investor that provides equity cheques of £3-15m to support UK-based, profitable companies.

The firm has secured a majority stake in the company. It stated that it would support the management team to build on the company's growth track record and develop additional revenue streams. Chiltern has brought in Duncan Cooper to chair the company as part of the deal; Cooper is also chair of pumps manufacturer Stuart Turner and heating business Adey.

Inciner8 founder Vince Ferguson will exit the business at completion.

The acquisition was supported with a multi-million pound unitranche loan, including an additional revolving credit facility, provided by Shawbrook Bank.

Company
Based in Southport, Inciner8 was founded in 2003. The company designs and manufactures incinerators for a range of applications across the waste management industry, including medical, municipal and animal waste treatment. Inciner8 supplies incinerators to a range of customers including corporates, and government and non-governmental organisations.

People
Chiltern Capital – David Butler (investment manager).

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