Nature of Funding :
Debt
Use of Funding :
Management Buy Out
Sector :
M & E Engineering
Amount :
£500,000
Date of Investment :
November 2024
Location :
Liverpool
Fund :
North West Business Growth Loan
Summary
In November 2024, River Capital announced a £500,000 investment in Liverpool-based M&E engineering consultancy, Steven A Hunt & Associates Ltd.
The funding was structured to facilitate a management buyout (MBO) by the senior management team of Neil Baines, Anne King, Dave Kelly and Dominic Sibbring from founder Steven Hunt, who has remained in the business in a consultancy capacity to provide continued support.
The funding package included debt and vendor deferment, with the debt funding coming from the River Capital managed North West Business Growth Loan fund, with the investment allowing the management team to acquire the 79% shareholding of founder Steven Hunt following a 21% shareholding purchase in 2023.
Having demonstrated a consistent track record of profitability the business is well-positioned for future growth. With the new leadership team’s complementary skills and deep client relationships, they will build successfully on the company’s 30-year heritage.
Testimonial
“River Capital’s investment enabled us to complete a carefully planned succession and provided the financial foundation for the next chapter in our company’s journey. With an increasing focus on sustainability across our key sectors of healthcare and education, we see tremendous opportunities ahead to design high-performing buildings that enhance wellbeing while minimising environmental impact. We look forward to working with the supportive team at River Capital.”
Neil Baines Managing Director