Newcastle-based Ryecroft Glenton Corporate Finance has advised renewable energy consultancy Taylor Hopkinson Associates on securing growth capital investment.
The company provides clients with senior contractors, permanent staff and executives, with founder Tom Hopkinson having led its growth and international expansion into Glasgow, London, Madrid, Houston and Mexico City.
Private investment firm SEA Equity, which focuses on small and medium-sized companies across the UK and Europe, has backed Taylor Hopkinson from its recently raised £50m fund.
The capital provided, which is SEA Equity’s fourth investment, will allow Taylor Hopkinson to further strengthen its market position, expand its operations and access new markets.
As part of the transaction, the firm has introduced new directors to Taylor Hopkinson who will join its board including Stewart Cantley as chairman and Mike Bell as chief financial officer.
Advising on the transaction for Ryecroft Glenton was partner Carl Swansbury, alongside Alex Simpson, Simon Hopwood and Charlie Burton, with legal advice from the team at Pinsent Masons led by Kevin Devanny.
Swansbury said: “We have been working with Taylor Hopkinson’s shareholders to identify a partner that has the knowledge and experience required to help scale-up the business over the next three years, and we believe we have found that partner in SEA Equity given its significant knowledge of the renewable energy market.
“It has been a pleasure advising Tom and the management team on this transaction and I wish the enlarged team all of the very best for the future.”
SEA Equity was advised by a corporate finance team from RSM led by Rebecca Guerin with legal advice from TLT, led by Jon Gill and a commercial due diligence team led by Robin Illingworth of Drystone Strategy.