Buy-side Advisory to Dale Power Solutions

Advisors to the management team on the acquisition of Dale Power Solutions which has been acquired by its management team from listed electronics business TT Electronics with financial backing provided by LDC.

About the deal:

Dale Power Solutions has been acquired by its management team from listed electronics business TT Electronics with financial backing provided by LDC.

Headquartered in Scarborough and employing 220 people throughout the UK, Dale Power Solutions was established over 75 years ago, providing secure power and business continuity solutions to major national and international customers. Due to a growing presence in overseas markets, particularly the Middle East and boosted by a leading worldwide reputation for both the Dale and Erskine brands, DPS has reported significant revenue growth in recent years with annual turnover now in excess of £30 million.

Chief Executive Tim Wilkins said, “This investment brings additional strategic input and financial backing to our business and will help us to deliver our ambitious growth plans. As well as increasing the pace of organic growth across our core brands, we are keen to pursue appropriate acquisition opportunities both in the UK and internationally and in related product areas.”

Simon Ward, Partner at BTG, comments “the MBO of Dale represents a huge opportunity for Tim and his team. With the support and backing of LDC they are well positioned to maximise that opportunity.”

How we made a difference:

• Ensured a strong and productive working relationship was preserved between the management team and the funder.
• Structured transaction to protect management roll-over.
• Guided management through all aspects of the Institutional Buy-out process ensuring they achieved optimal equity terms.