RSM has advised Vince Ferguson OBE, founder of Inciner8, and the management team on their successful investment by Chiltern Capital. Inciner8 is a Southport-based designer and manufacturer of incinerators for a range of applications across the waste management industry.
Chiltern has taken a majority stake in Inciner8 and will play an active role in supporting Mike Melia (Managing Director), Ghazi Sadledein (Head of Sales) and incoming Finance Director, James MacLeod, to accelerate growth. As part of the transaction, experienced sector and private equity chairman, Duncan Cooper, joins the Board as Chairman, and founder Vince Ferguson OBE steps down.
The transaction was led by corporate finance partner James Wild, with support from Rikesh Patel, Neil Patel and Ben Everson.
James Wild, partner at RSM, commented: ‘We are delighted to have advised Vince on this successful sale, adding to our recent successes in mid-market private equity. We believe Chiltern and it’s management are strong partners for the business going forward, and it’s great to see continued M&A appetite for businesses with robust and scalable models.’
Regional law firm Napthens provided legal advice on the transaction. The team was led by head of corporate Keith Melling supported by Gareth McIntegart, David Carr and Jayne Croft from the firm’s Liverpool office.
Keith Melling said: “It’s been a pleasure to support Vince and the management team on this next step in the Inciner8 journey. Completing the sale in the current economic environment is a testament to the strength of the business and its ability to sustain continued growth.”
David Butler, Investment Manager at Chiltern, commented: “We are pleased to partner with Mike, Ghazi and the rest of the Inciner8 team and look forward to supporting the business as it capitalises on its strong market position to grow its product range, service offering and global reach.”