LDC backs MBO of Dale Power Solutions

Capital was drawn from LDC's £200m Manufacturing and Specialist Engineering initiative.

As part of LDC's growth strategy, Denzil Lee will join the company as chairman with extensive experience as chief executive of several private equity-backed firms.

Company
Founded more than 75 years ago and based in Scarborough, Dale Power Solutions provides power solutions to national and international customers in the petro-chemical, telecommunication, rail, financial services and industrial sectors. The two brands it operates, Dale and Erskine, give instantaneous emergency power generation and continuity to operations that cannot allow power interruptions, such as data centres, financial institutions, transport and hospitals.

The company manufactures its main products, generators and UPS systems, in two factories located in Scarborough and has a growing presence in overseas markets, particularly the Middle East.

The firm employs more than 200 members of staff and reports an annual turnover in excess of £30m.

People
Investment director Andy Lyndon led the deal for LDC, supported by John Green. Both will join the board of non-executive directors.

Tim Wilkins is chief executive of Dale Power Solutions.

Advisers
Equity – Gateley (Legal); Deloitte (Financial due diligence).
Management – Browne Jacobson (Legal); Springboard Corporate Finance (Corporate finance).

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