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Private Equity & Ventures
Largest single deal to date from the £130m Investment Fund for Wales
The investment combines growth capital with a planned succession element, supporting the next phase of expansion while enabling longstanding shareholders an ability to realise value
Industrial services firm Advantiv will use investment to open further UK offices and to drive recruitment
Fund surpasses £11 million milestone with 9 investments into Welsh businesses to date
As the Investment Fund for Wales (IFW) celebrates its second anniversary, the British Business Bank is marking the occasion with another significant milestone - a £3.5 million equity investment made by fund manager Foresight Group - into Advantiv Limited, an industrial services firm, located in Merthyr Tydfil and Pembroke Dock.
Advantiv is a UK based industrial services and procurement company that provides a broad portfolio of engineering products, technical site services, and procurement solutions to clients across the commercial, industrial and manufacturing sectors, positioning itself as a “one stop shop” for industrial supply and engineering support.
The £3.5 million investment - the largest single deal completed by the fund to date - combines growth capital with a planned succession element, supporting a well-established, profitable business through the next phase of expansion, while enabling longstanding shareholders an ability to realise value. The investment will support Advantiv in expanding into new UK locations, growing the team, and investing in systems, processes and automation, to further strengthen its market position.
The fund was established by the British Business Bank to drive sustainable economic growth by providing access to finance for SME businesses across the whole of Wales.
Since its launch in Nov-23, the £130 million Investment Fund for Wales has invested more than £11million of equity into 9 Welsh businesses.
Andy Burgess, Director at Advantiv: “This investment will support us in recruiting and developing high-calibre staff across sales, commercial and operational roles to build on our South Wales base. Strengthening our team will enable us to execute our growth strategy more effectively while maintaining high standards of service and delivery.
Our plan includes opening more locations to provide more local service support across the UK, which will enable us to expand our presence in existing markets and pursue new growth opportunities.
We offer an unlimited product and service portfolio and an ability to provide solutions to any industrial or commercial sector, private or public. Partnering with Foresight will accelerate our growth, increase employment and return some of the investment to the regions we operate in. This marks the beginning of an exciting new chapter for our team, our customers, and our vision for the future.”
Phillip Sampson, Principal, Private Equity at Foresight Group: “We’re proud to support Advantiv as they accelerate their growth plans. This investment reflects the Investment Fund for Wales ability to back profitable, well established businesses with strong market position, where partial shareholder liquidity forms part of a planned succession. The funding will help strengthen the team, enhance systems and automation, and support expansion into new locations - positioning Advantiv to serve more customers with the same high standards of delivery. We look forward to supporting Andy, Alistair and the wider team through their next phase of growth.”
Bethan Bannister, Senior Investment Manager at the British Business Bank: “This record £3.5 million investment by Foresight through the Investment Fund for Wales is a fantastic way to mark the fund’s second anniversary. It highlights how the IFW is backing ambitious Welsh businesses to grow, innovate and compete on a larger stage.
Over the past two years, the fund has gone from strength to strength – now reaching a total of more than £11m invested into 9 businesses right across Wales. We’re incredibly proud to see how the Investment Fund for Wales is helping to nurture home-grown talent, attract private investment and drive sustainable economic growth throughout the country.”
To find out more and to apply for funding, visit: www.investmentfundwales.co.uk
The British Business Bank is the UK government’s economic development bank. Established in November 2014, its mission is to drive sustainable growth and prosperity across the UK and to enable the transition to a net zero economy, by improving access to finance for smaller businesses. Its remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government.
The British Business Bank’s core programmes support over £17.4bn1 of finance to almost 64,0002 smaller businesses.
As well as increasing the supply and diversity of finance for UK smaller businesses through its programmes, the Bank works to raise awareness of finance options available to smaller businesses. The British Business Bank Finance Hub provides independent and impartial information to businesses about finance options, featuring short films, expert guides, checklists and articles from finance providers to help make their application a success.
The Nations and Regions Investment Funds increase the supply and diversity of early-stage finance for UK smaller businesses, providing finance to firms that might otherwise not receive investment and help to break down barriers in access to finance.
Operating in a commercially sustainable way the Nations and Regions Investment Funds deliver a £1.6bn commitment of funding through investment strategies that best meet the needs of the businesses in their nation or region.
The British Business Bank is responsible for administering the Nations and Regions Investment Funds on behalf of the UK government. We have established investment funds in areas not currently served by the Bank’s existing regional funding programme as well as launching follow-on investment funds in existing fund areas.
(IFW) provides a mix of debt and equity funding. IFW offers a range of commercial finance options with smaller loans from £25k to £100k, debt finance from £100k to £2m and equity investment up to £5 million. It works alongside the various support and funding organisations from Welsh Government as well as local intermediaries such as accountants, fund managers and banks, to support Wales’ smaller businesses at all stages of their development.
The funds in which the IFW invests are open to businesses with material operations, or planning to open material operations, in all areas of Wales, including but not limited to North Eastern Wales, North Western Wales, Mid Wales, South West Wales and South East Wales.
Founded in 1984, Foresight is a leading investment manager in real assets and capital for growth, operating across UK, Europe, and Australia.
With decades of experience, Foresight offers investors access to attractive investment opportunities at the forefront of change. Foresight actively builds and grows investment solutions to support the energy transition, decarbonise industry, enhance nature recovery and realise the economic potential of ambitious companies.
A constituent of the FTSE 250 index, Foresight’s diversified investment strategies combine financial and operational skillsets to maximise asset value and provide attractive returns to its investors. Its wide range of private and public funds is complemented with a variety of investment solutions designed for the retail market.
Foresight is united by a shared commitment to build a sustainable future and grow thriving companies and economies.
Visit https://foresight.group for more information.
Follow us on LinkedIn for key updates.
Lauren Tunnicliffe, British Business Bank, lauren.tunnicliffe@british-business-bank.co.uk
Chris Barry, Influential: Barry@thisisinfluential.com / +44 (0)7733 103 693
Foresight Group: marketing@foresightgroup.eu
Mae buddsoddiad arloesol o £3.5 miliwn i Advantiv gan y Gronfa Buddsoddi i Gymru yn dod wrth i’r gronfa nodi ei hail ben-blwydd.
Y fargen unigol fwyaf hyd yma gan y Gronfa Buddsoddi i Gymru, sy’n werth £130 miliwn
Mae’r buddsoddiad yn cyfuno cyfalaf twf ag elfen olyniaeth gynlluniedig, gan gefnogi’r cam nesaf o ehangu tra’n galluogi cyfranddeiliaid hir-sefydlog i wireddu gwerth
Bydd y cwmni gwasanaethau diwydiannol Advantiv yn defnyddio’r buddsoddiad i agor mwy o swyddfeydd yn y DU ac i yrru recriwtio
Mae’r gronfa wedi rhagori ar garreg filltir o £11 miliwn gyda 9 buddsoddiad mewn busnesau Cymreig hyd yma
Wrth i’r Gronfa Buddsoddi i Gymru (IFW) ddathlu ei hail ben-blwydd, mae Banc Busnes Prydain yn nodi’r achlysur gyda carreg filltir arwyddocaol arall – buddsoddiad ecwiti o £3.5 miliwn a wnaed gan y rheolwr cronfa, Foresight Group – i Advantiv Limited, cwmni gwasanaethau diwydiannol sydd wedi’i leoli ym Merthyr Tudful a Doc Penfro.
Mae Advantiv yn gwmni gwasanaethau diwydiannol a chaffael yn y DU sy’n darparu portffolio eang o gynhyrchion peirianneg, gwasanaethau technegol ar safleoedd, a datrysiadau caffael i gwsmeriaid ar draws y sectorau masnachol, diwydiannol a gweithgynhyrchu, gan ei lleoli ei hun fel "siop un stop" ar gyfer cyflenwadau diwydiannol a chymorth peirianneg.
Mae’r buddsoddiad o £3.5 miliwn – y fargen unigol fwyaf a gwblhawyd gan y gronfa hyd yma – yn cyfuno cyfalaf twf ag elfen olyniaeth gynlluniedig, gan gefnogi busnes sefydledig a phroffidiol drwy’r cam nesaf o ehangu, tra’n galluogi cyfranddeiliaid hir-sefydlog i wireddu gwerth. Bydd y buddsoddiad yn cefnogi Advantiv i ehangu i leoliadau newydd yn y DU, tyfu’r tîm, a buddsoddi mewn systemau, prosesau ac awtomeiddio, er mwyn cryfhau ei safle yn y farchnad ymhellach.
Sefydlwyd y gronfa gan Fanc Busnes Prydain i yrru twf economaidd cynaliadwy drwy ddarparu mynediad at gyllid i fusnesau bach a chanolig ledled Cymru.
Ers ei lansiad ym mis Tachwedd 2023, mae’r Gronfa Buddsoddi i Gymru, sy’n werth £130 miliwn, wedi buddsoddi mwy na £11 miliwn o ecwiti mewn 9 busnes Cymreig.
Andy Burgess, Cyfarwyddwr yn Advantiv: "Bydd y buddsoddiad hwn yn ein cefnogi i recriwtio a datblygu staff o safon uchel ar draws rolau gwerthu, masnachol ac ymarferol, gan adeiladu ar ein sylfaen yn Ne Cymru. Bydd cryfhau ein tîm yn ein galluogi i weithredu ein strategaeth twf yn fwy effeithiol tra’n cynnal safonau uchel o wasanaeth a chyflawni.
“Mae ein cynllun yn cynnwys agor mwy o leoliadau i ddarparu cefnogaeth leol ar draws y DU, a fydd yn ein galluogi i ehangu ein presenoldeb mewn marchnadoedd presennol ac ymgysylltu â chyfleoedd twf newydd.
“Rydym yn cynnig portffolio cynnyrch a gwasanaeth diderfyn ac yn gallu darparu datrysiadau i unrhyw sector diwydiannol neu fasnachol, preifat neu gyhoeddus. Bydd partneru â Foresight yn cyflymu ein twf, cynyddu cyflogaeth ac adfer rhywfaint o’r buddsoddiad i’r rhanbarthau lle rydym yn gweithredu. Mae hyn yn nodi dechrau pennod newydd gyffrous i’n tîm, ein cwsmeriaid a’n gweledigaeth ar gyfer y dyfodol.”
Phillip Sampson, Prifathro, Ecwiti Preifat yn Foresight Group: "Rydym yn falch o gefnogi Advantiv wrth iddynt gyflymu eu cynlluniau twf. Mae’r buddsoddiad hwn yn adlewyrchu gallu’r Gronfa Buddsoddi i Gymru i gefnogi busnesau proffidiol, sefydledig gyda safle cryf yn y farchnad, lle mae hylifedd cyfranddeiliaid rhannol yn ffurfio rhan o olyniaeth gynlluniedig. Bydd y cyllid yn helpu i gryfhau’r tîm, gwella systemau ac awtomeiddio, ac yn cefnogi ehangu i leoliadau newydd – gan osod Advantiv mewn sefyllfa i wasanaethu mwy o gwsmeriaid gyda’r un safonau uchel o gyflawni. Rydym yn edrych ymlaen at gefnogi Andy, Alistair a gweddill y tîm drwy’r cam nesaf o dwf.
Bethan Bannister Rheolwr Buddsoddi Uwch yn Facn Busnes Prydain: "Mae’r buddsoddiad record o £3.5 miliwn gan Foresight drwy’r Gronfa Buddsoddi i Gymru yn ffordd wych o nodi ail ben-blwydd y gronfa. Mae’n amlygu sut mae’r IFW yn cefnogi busnesau Cymreig uchelgeisiol i dyfu, arloesi a chystadlu ar lwyfan ehangach.
“Dros y ddwy flynedd ddiwethaf, mae’r gronfa wedi mynd o nerth i nerth – gan gyrraedd cyfanswm o dros £11 miliwn wedi’i fuddsoddi mewn 9 busnes ledled Cymru. Rydym yn hynod falch o weld sut mae’r Gronfa Buddsoddi i Gymru yn helpu i feithrin talent leol, denu buddsoddiad preifat a gyrru twf economaidd cynaliadwy ar draws y wlad.”
I gael gwybod mwy ac i wneud cais am gyllid, ewch i: www.investmentfundwales.co.uk
Ynghylch Banc Busnes Prydain
Mae Banc Busnes Prydain yn fanc datblygu economaidd y llywodraeth. Sefydlwyd yn 2014, ei genhadaeth yw gyrru twf cynaliadwy a ffyniant ledled y DU ac alluogi’r trawsnewidiad i economi sero net drwy wella mynediad at gyllid i fusnesau llai.
Mae ei raglenni craidd yn cefnogi mwy na £17.4bn1 o gyllid i bron 64,0002 o fusnesau llai.
Yn ogystal ag cynyddu cyflenwad ac amrywiaeth cyllid i fusnesau llai yn y DU, mae’r Banc yn gweithio i godi ymwybyddiaeth o’r opsiynau cyllid sydd ar gael. Mae Hwb Cyllid Banc Busnes Prydain yn darparu gwybodaeth annibynnol ac wrthrychol i fusnesau, gan gynnwys ffilmiau byr, canllawiau arbenigol, rhestrau gwirio ac erthyglau gan ddarparwyr cyllid i helpu ceisiadau i lwyddo.
[1] Ffigurau ar ddiwedd Mawrth 2024
[2] Ffigurau ar ddiwedd Mawrth 2024
Ynghylch y Gronfa Buddsoddi i Gymru
Mae Cronfeydd Buddsoddi’r Cenhedloedd a’r Rhanbarthau yn cynyddu cyflenwad ac amrywiaeth cyllid cam cynnar ar gyfer busnesau llai, gan ddarparu cyllid i gwmnïau na fyddent fel arall yn derbyn buddsoddiad.
Mae’r cronfeydd yn gweithredu mewn modd masnachol cynaliadwy ac yn darparu ymrwymiad o £1.6bn drwy strategaethau buddsoddi sy’n ateb anghenion busnesau eu rhanbarth.
Mae Banc Busnes Prydain yn gweinyddu’r cronfeydd ar ran Llywodraeth y DU.
Mae’r Gronfa Buddsoddi i Gymru (IFW), gwerth £130m, yn darparu cymysgedd o gyllid dyled ac ecwiti. Mae’n cynnig opsiynau cyllid masnachol sy’n cynnwys benthyciadau bach o £25k–£100k, cyllid dyled o £100k–£2m ac ecwiti hyd at £5m. Mae’n gweithio ochr yn ochr â sefydliadau Cymraeg a chyfryngwyr lleol i gefnogi busnesau ar bob cam o’u taith ddatblygu.
Mae’r cronfeydd yn agored i fusnesau sydd â gweithrediadau sylweddol, neu sy’n bwriadu agor gweithrediadau o’r fath, ym mhob rhan o Gymru.
http://www.investmentfundwales.co.uk/
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