Growth Capital Partners (GCP), the UK SME private equity firm that partners with owner-managers, has made a significant minority investment in Ebbw Vale based GTS Flexible Materials (GTS).
Capital Law’s corporate team, led by Tom Kelleher and with support from Philip Barratt and Jordan Thomas, advised GTS’ management team on the deal.
GCP’s investment will support GTS’ ambitious growth plans, taking advantage of the growth trends in the electric vehicle market where the technical capabilities of its products are particularly suited to battery manufacture. Other growth applications include renewable energy and power generation markets.
GTS is a specialist manufacturer of technically differentiated adhesives, flexible laminates and insulation materials which are found in a range of end applications and global markets including automotive, renewable energy and transportation.
From its manufacturing facilities in South Wales, GTS has delivered strong growth and impressive profitability, expanding its relationships with key clients across Europe and Asia, supported by sales offices in Germany and France alongside established distribution and direct sales to customers in China.
Chris Burgess, Group Managing Director of GTS, said:
“We are delighted to have secured the investment by GCP. It is a key milestone in the development of GTS and we look forward to a long term partnership. Capital Law provided excellent support and pragmatic advice throughout the process which was invaluable in driving the deal to a successful conclusion.”
Tom Kelleher, Partner in Capital Law’s Corporate Team, said:
“We know that private equity funds remain committed to investing in growing businesses with great track records run by exceptional management teams, so this deal is a perfect match for GCP and the GTS team. Having worked with Chris, Graham and Stephan over the years, we have no doubt that we will see the delivery of their exciting and ambitious growth plans supported by GCP.”
The investment secured Insider Wales’ Deal of the Month – read more here.
The Private Equity team at Capital Law – twice shortlisted (2019 and 2020) for Regional Legal Adviser of the Year at the prestigious Private Equity Awards – has a wealth of private equity experience, which helps us provide practical, commercial advice at every stage of the investment life-cycle to the investors, management teams, vendors and investee companies we work with. Please contact us if you think we may be able support you.