Nene Capital Acquires Cold Tech (Services) Ltd.
Nene Capital is making waves in the investment sector by acquiring Cold Tech (Services) Ltd., a prominent name in the field of refrigerated coldroom and cabinet maintenance. This acquisition is a strategic move that strengthens its portfolio, embracing a company celebrated for delivering high-quality solutions across various sectors, including food, retail, pharmaceuticals, and logistics.
Commitment to Quality and Sustainability
Cold Tech (Services) Ltd. has carved out a reputation for excellence in maintenance, installation, and servicing of refrigeration, HVAC, and cold storage systems. Their commitment to reliability and energy-efficient services fits seamlessly with Nene Capital's core values revolving around quality, growth, and sustainability.
Continuity and Brand Integrity
Post-acquisition, Cold Tech will retain its established brand name, ensuring existing clients experience uninterrupted service and maintain the trusted relationships they've built. Nene Capital is dedicated to supporting Cold Tech by providing resources that will further expand its capabilities while preserving the high standards of quality and customer satisfaction that they are known for.
Leadership Insights on the Acquisition
Expressing excitement about this acquisition, Stephen Bayliss, Managing Director of Nene Capital, stated, "We are thrilled to welcome Cold Tech (Services) Ltd. to our growing portfolio. This acquisition represents a significant step in our mission to invest in businesses that offer sustainable value and operational excellence." This statement shows Nene Capital's focus on fostering growth through strategic partnerships.
Cold Tech's Market Position and Future Prospects
Simon Stringer, Finance Director of Nene Capital, added, "Cold Tech is a well-established business with over ten years of successful trading during which it has achieved a strong position in its market. We are excited to take the business into the next stage of its development." This acquisition not only enhances Nene Capital's offerings but also sets the stage for Cold Tech's future growth and development.
Transaction Support and Team Collaboration
This significant transaction was facilitated by the corporate transaction team at Howes Percival LLP, alongside the Growth Finance team from Allica Bank, who provided invaluable support throughout the process.
Contact Information
If you have media inquiries or seek further information regarding this acquisition, please reach out to Nene Capital via email at info@nenecapital.co.uk or visit their website at www.nenecapital.co.uk.
Frequently Asked Questions
What does Nene Capital do?
Nene Capital is an investor focused on small and medium-sized enterprises (SMEs), aiming to enhance their business potential through strategic acquisitions.
Why did Nene Capital acquire Cold Tech?
The acquisition of Cold Tech enhances Nene Capital's portfolio with its expertise in refrigerated coldroom and cabinet maintenance, aligning with Nene’s values of quality and growth.
Will Cold Tech change its branding?
No, Cold Tech will continue to operate under its established brand name to maintain customer relationships and service continuity.
What are the future plans for Cold Tech post-acquisition?
Nene Capital plans to support Cold Tech by investing in resources to expand its capabilities while ensuring quality and customer satisfaction remain a priority.
Who supported the transaction?
The transaction was supported by Howes Percival LLP and Allica Bank, which provided expertise in legal matters and growth finance.
