Over the past few months, several Welsh businesses have secured significant equity investments and acquisition deals, showcasing substantial growth and innovation across various sectors.
This article provides an in-depth look at these transactions, including key players such as Awen Oncology, PlantSea, Secureit, Excellence IT, and Kontroltek.
Awen Oncology, a life sciences venture focused on developing anti-cancer drugs, recently completed a major equity investment round. Originally founded with a Cancer Research UK grant, the company operates out of M-SParc, Wales’ first dedicated science park.
The investment was backed by the Development Bank of Wales and Start Codon, raising over £1 million. This funding aims to enhance its pioneering drugs targeting various cancer types, and includes support from Cancer Research UK, Innovate UK, and the Welsh Government SMART capital programme.
St Asaph-based startup PlantSea has secured over £800,000 in a pre-seed equity round. This funding includes £220,000 from the Development Bank of Wales and additional support from Innovate UK Investor Partnerships, Sustainable Ventures, and SFC Capital.
PlantSea has developed a unique seaweed-based, water-soluble film that mimics plastic properties but is fully biodegradable. The recent investment will expedite product development for multinational customers in the laundry and cleaning sectors.
Bridgend-based Secureit, a company specialising in fire prevention and security solutions, has gained significant financial backing from entrepreneur Dave Farnham. The exact amount remains undisclosed but includes provisions for future investments aligned with the company’s growth milestones.
Aiming to achieve revenues exceeding £5 million within three years, Secureit is focusing on innovation and continuous development to drive its expansion.
Caerphilly’s Excellence IT, a leading managed service provider, has transitioned to an employee ownership trust. Founded in 2002 by Andrew Beer and Andy Green, the company decided to eschew a trade sale to maintain its customer service standards and job security for employees.
The move was facilitated with advice from Darwin Grey, Berry Smith, Azets, and Social Business Wales. The founders plan to gradually step back, allowing younger team members to ascend to management roles over the next three to five years.
Bridgend-based Kontroltek, specialising in industrial electronic and mechanical repairs, has shifted to an employee ownership model. The transition aims to promote long-term and sustainable growth by involving employees more deeply in the business.
Facilitated by the GS Verde Group, the majority equity has been transferred to an employee ownership trust. Kontroltek employs around 70 staff and aims to enhance engagement and collaboration through this new structure.
These recent equity investments and acquisitions underscore the dynamic growth and innovation occurring in Welsh businesses. From pioneering cancer treatments to eco-friendly packaging solutions, Welsh companies are making significant strides in various industries.
These developments not only contribute to the local economy but also position Wales as a hub for entrepreneurial and scientific advancements. The continued support from investors and strategic partners will undoubtedly drive further progress and success.
