28 May, 2024

Nene Capital Secures Acquisition of Acegate Manufacturing Ltd

Nene Capital, an investor specializing in small and medium-sized enterprises (SMEs), proudly announces its recent acquisition of Rochdale-based Acegate Manufacturing Ltd, experts in light gauge sheet metal and tubular section manufacturing. This acquisition significantly strengthens Nene Capital’s portfolio of long-term holdings and affirms its commitment to driving growth and enhancing value within its investment portfolios.

Acegate Manufacturing Ltd, known for its high-quality, precision-engineered products, seamlessly aligns with Nene Capital’s strategy of investing in businesses with considerable growth potential and exemplary operational standards. Acegate is distinguished by its expertise in delivering precision sheet metal manufacturing solutions across diverse sectors, and its dedication to quality ensures it is well-positioned for accelerated growth and market expansion with Nene Capital’s oversight.

Stephen Bayliss, Managing Director of Nene Capital, shared his excitement about the integration of Acegate into their portfolio: “We are excited to welcome Acegate Manufacturing Ltd into portfolio 1. This acquisition is a testament to our investment philosophy of fostering sustainable growth in companies that not only lead in their respective fields but also have the potential to innovate and scale. With Nene Capital’s resources and strategic support, we are confident that Acegate will achieve new heights of success.”

Simon Stringer, Finance Director at Nene Capital, commented on the financial success of the acquisition: “Acegate has demonstrated long-term reliable trading success and sustained value generation. It is another business we are proud to include in our long-hold strategy underlying our financial fundamentals and goals.”

Nene Capital plans to work intimately with the management team at Acegate to further develop the strong base already established.

This acquisition demonstrates Nene Capital’s continued dedication to investing in firms that offer significant growth potential and the creation of long-term stakeholder value.

The transaction was facilitated by the corporate deal team at Howes Percival LLP, solicitors.