Project Description

HMT, led by Partner Paul Read, and Managers Will Wimmer and Andrew Reid, undertook financial due diligence for Chiltern Capital on their buy-out of leading designer and manufacturer of incinerators, Inciner8 Limited (“Inciner8”).

Founded in 2003 by Vince Ferguson OBE, Inciner8 is based in Southport and is a leading designer and manufacturer of incinerators for a range of applications across the waste management industry including medical, municipal and animal. Inciner8 supplies incinerators to a range of customers including corporate, government and non-governmental organisations.

Chiltern has taken a majority stake in the company and will play an active role in supporting the management team to build on Inciner8’s successful growth track record and develop additional revenue streams.

The deal builds on Chiltern’s track record of supporting founder succession plans and investing in service-led industrial businesses.

As part of the transaction, chairman Duncan Cooper, who has worked with a number of PE backed businesses, joins the Board. Vince Ferguson OBE will be exiting Inciner8 at the completion of the deal.

HMT undertook financial due diligence for Chiltern Capital as part of the transaction.

David Butler, Investment Manager at Chiltern Capital commented:

“Paul, Andrew, Will and the rest of the team were brilliant throughout the transaction. They were efficient in getting the process going, worked in a flexible and communicative way, and, as always, their advice was clear and concise. We look forward to working with them again.”

Paul Read commented:

“We are delighted to have assisted Chiltern Capital on another investment, this time into leading incinerator manufacturer, Inciner8. The investment in the business will help support the management team to build on an already impressive growth track record at Inciner8 within the UK, and ideally positions the business to expand on its global reach, as well as extend its product range and service offering.”