Centriforce
Liverpool
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Summary
Liverpool-based Plastic Recycling Limited (trading as Centriforce), is a manufacturer of damage prevention products made from recycled plastic for the utility, agricultural, building, and landscaping sectors and who received equity investment to support the management buyout of the business in 2014.
It has since experienced strong growth supported by increased expenditure on energy infrastructure projects, growing demand for environmentally friendly products, and ongoing innovation within the company.
Centriforce represents a perfect example of the kind of high potential SME businesses we seek to back and work with through our private equity offering. We look to work with our investments as a trusted and valued partner, helping management teams to devise and deliver on a comprehensive value creation plan.
Due to its success and growth Centriforce has since been acquired by London based investment firm Rubicon Partners. The deal provided a strong exit for River Capital achieving over 8 times return over the life of the investment and an IRR of 30%.
It has been a pleasure working with the team at Centriforce over the period of our investment, and supporting the development of the business through a period of significant innovation and growth. We’re delighted with the investment outcomes and wish Centriforce all the best for the future under Rubicon’s ownership.
Marion Savill Portfolio Director – River Capital
