British Smaller Companies VCT2 Plc Completion of New Investment (1619A)
December 18 2014 - 5:00AM
UK Regulatory
TIDMBSC
RNS Number : 1619A
British Smaller Companies VCT2 Plc
18 December 2014
British Smaller Companies VCT2 plc ("the Company")
Completion of a new investment
The Company announces it completed an investment on 15 December
2014 of GBP0.72 million to support the management buy-out of
Wakefield Acoustics Limited ("Wakefield Acoustics"), a leader in
the design, manufacture and installation of a wide range of bespoke
industrial and environmental noise control solutions throughout the
world. Wakefield Acoustics has recorded consistent growth over
recent years establishing a strong market position with leading
blue chip engineering companies supplying globally into sectors
such as power, oil & gas, water, waste and general
manufacturing. The funding will support Wakefield Acoustics'
ambitious growth plans which include consolidation of its existing
manufacturing facilities into one facility in 2015. The new company
created to acquire Wakefield Acoustics is called Malvar Engineering
Limited. For more information on the business please see
www.wakefieldacoustics.co.uk.
This brings the aggregate investment during the first twelve
months of the current financial year into both new and existing
companies to GBP13.57 million.
18 December 2014
For further information please contact:
David Hall YFM Private Equity Limited Tel: 0113 244 1000
Gillian Martin Nplus 1 Singer Advisory LLP Tel: 020 7496 3000
This information is provided by RNS
The company news service from the London Stock Exchange
END
DOCDMMMZLRZGDZG
British Smaller Companie... (LSE:BSC)
Historical Stock Chart
From Jun 2024 to Jul 2024
British Smaller Companie... (LSE:BSC)
Historical Stock Chart
From Jul 2023 to Jul 2024