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UK’s Dale secures investment boost

February 7, 2018

Dale Power Solutions of the UK has secured a GBP 9 million ($12.5m) investment from NVM Private Equity.

 

Scarborough-based Dale, whose UK factories supply industries with a range of UPS, AC and DC battery-based charger systems and diesel gensets, said the investment will support its “next period of growth”.

 

The move follows Dale’s management buyout in 2012 that was backed by LDC— the private equity arm of Lloyds Banking Group.

 

Dale said in a statement yesterday: “This is not the first time that NVM has demonstrated their interest in working with Dale. They were looking to invest in the company back in 2012 but just lost out to LDC. This time they were determined to be involved and participate in our future success.”

 

The deal was led for NVM by investment partners James Arrowsmith and Mauro Biagioni and Arrowsmith now joins Dale’s board as a non-executive director, Dale said.

 

NVM said Dale’s critical power solutions serves organisations across sectors including telecoms, healthcare, oil & gas and utilities, “as well as the power distribution network itself”. “New opportunities for Dale in areas such as energy storage, are expected to complement strong organic growth in its core business, in what is a rapidly developing energy market in the UK."

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