Nene Capital, a seasoned investor in small to medium-sized enterprises (SMEs), is delighted to announce its acquisition of Rochdale-based Acegate Manufacturing Ltd, a specialist in the production of light gauge sheet metal and tubular section. This move is a key expansion for Nene Capital’s long-hold portfolio and highlights its dedication to fostering growth and adding value across its investments.
Acegate Manufacturing Ltd is renowned for its exceptional, precision-engineered products and is a fitting addition to Nene Capital’s investment ethos, which focuses on companies with strong growth potential and operational excellence. Acegate’s prowess in precision sheet metal solutions across various industries, along with its commitment to high-quality fabrication, sets the stage for significant growth and market expansion under Nene Capital’s guidance.
Stephen Bayliss, Managing Director of Nene Capital, expressed his enthusiasm about the acquisition, stating, “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 of Nene Capital, also remarked on 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 is set to collaborate closely with the management team at Acegate to enhance the robust foundation already in place.
This acquisition underscores Nene Capital’s ongoing commitment to investing in companies poised for substantial growth and enduring value creation for stakeholders.
The deal received support from the corporate deal team at Howes Percival LLP, solicitors.
