SME

Private Equity

3 minutes

27/03/2023

Foresight successfully exits engineering firm Camloc

Foresight has successfully realised its investment in Leicester based Camloc Motion Control Limited, a designer and manufacturer of gas springs and dampers

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Nottingham 27 March 2023: Foresight Group, a leading listed regional private equity and infrastructure investment manager, is pleased to announce its successful exit from Camloc Motion Control Limited.

The Leicester-based company, which is a market-leading designer and manufacturer of motion control solutions with a blue-chip customer base, employs around 40 people.

Founded in 1989, has been backed by The Foresight Nottingham Fund, managed by Foresight Group, the leading listed infrastructure and private equity investment manager, since 2016. It has now been acquired by Macaulay Capital. Financial terms are confidential.

David Miles, Senior Investment Manager at Foresight Group commented: “Camloc is a fantastic example of Foresight’s model of supporting the ambitions of regional UK SMEs. We are delighted to have partnered with the management team and supported them in becoming a premium and innovative provider of motion control solutions.

“We wish the team every success for the next stage of their journey”

Over the course of Foresight’s investment, the company has broadened its product range and established a global network of partners and distributors across the UK, Europe, North America, Scandinavia, the Middle East and Asia-Pacific,

The investment from Macaulay Capital will support the next phase of Camloc’s future growth. The existing management team will remain with the business, as part of the next stage in Camloc’s long-term succession planning.

Julie Barker, joint managing director at Camloc, said: “This is another important step forward for our business. Over the past few years, we have successfully expanded the global reach of our products and invested in new manufacturing equipment to increase production capability and flexibility, further cementing our position as a leading player in motion control solutions.”

Foresight is one of the most active SME investors in the UK. For close to four decades, Foresight has supported SMEs through various economic cycles and, in calendar year 2022, Foresight invested into over 90 SMEs. With offices located across the UK and Ireland, its team partners with founders and management teams to achieve their business ambitions.

 

ENDS

 

Advisors to Camloc

Corporate Finance and tax:         FRP Advisory

Legal Advice:                                  Howes Percival

Advisors to Foresight :

Legal Advice:                                  Gateley

 

For more information contact:

Chris Barry, Influential: barry@thisisinfluential.com / +44 (0)7733 103 693

Lucy Sherwood, Foresight Group: marketing@foresightgroup.eu / +44 (0)7774 432466

 

Notes to Editors:

About Foresight Group

Foresight Group was founded in 1984 and is a leading listed infrastructure and private equity investment manager. With a long-established focus on ESG and sustainability-led strategies, it aims to provide attractive returns to its institutional and private investors from hard-to-access private markets. Foresight manages over 330 infrastructure assets with a focus on solar and onshore wind assets, bioenergy and waste, as well as renewable energy enabling projects, energy efficiency management solutions, social and core infrastructure projects and sustainable forestry assets. Its private equity team manages ten regionally focused investment funds across the UK and an SME impact fund supporting Irish SMEs. This team reviews over 2,500 business plans each year and currently supports more than 200 investments in SMEs. Foresight Capital Management manages four strategies across six investment vehicles with an AUM of over £1.5 billion.

Foresight operates across seven countries in Europe and Australia with AUM of £12.6 billion*. Foresight Group Holdings Limited listed on the Main Market of the London Stock Exchange in February 2021. https://www.fsg-investors.com/

*Based on Foresight Group unaudited AUM as at 30 September 2022.

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