ECI secures £28.4m refinancing for Kelvin Hughes

Previous investment
ECI first invested in the company in 2007, supporting its £52m buyout from listed technology firm Smiths Group. Senior debt for the transaction was provided by RBS.

Company
Headquartered in Enfield, Kelvin Hughes operates globally through its 10 overseas offices and network of agents and distributors. The company focuses on navigation products and services for the naval and commercial marine sectors and can trace its roots back to the 1750s. It employs in excess of 350 people.

Kelvin Hughes designs and supplies radar sensors and display technology, voyage data recorders, electronic chart systems and integrated bridge systems. Furthermore, through ChartCo, it provides bulk data to ships via satellite. The company also produces nautical charts and publications for commercial and leisure use.

People
Appu Mundassery is managing director at HIG WhiteHorse. Ken Lindsay is managing director at ECI. Russell Gould is CEO of Kelvin Hughes.

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• Topics
• Portfolio management
• UK / Ireland
• ECI Partners
• HIG Capital