In March 2016 we completed a £5.5 million investment to back the management buy-out of ESG, a leading independent specialist glass processor. Shawbrook Bank also supported the transaction with a £5.6 million debt package.
Established in 2003, ESG is a leading independent specialist glass processor, involved in the design and manufacturing of a wide range of technical glass products for architects, specifiers, contractors and construction professionals.
Investment to support an MBO of a growing, well established, specialist, high value add glass process manufacturer with additional growth capital provided to fund a site consolidation.
Support an experienced management team with a long and successful track record in the sector with attractive underlying sector dynamics.
Undertake a site consolidation to create a best-in-class manufacturing operation to increase operational efficiencies, support future growth and enhance market leading position as the supplier of choice.
Progress since the investment
The company has successfully undertaken the consolidation of its old three manufacturing sites into a new best-in-class single manufacturing site.
Supported the investment into new automated manufacturing machinery to increase capacity, quality, efficiencies and reduce lead times. The investment in the new site and new machinery has enabled the company to enter new product markets and targeted a wide range of new customers to fuel growth.
Bolstered the management team with a CFO and new Operations Director.
"I had a good feeling about the Connection Capital team. I felt they were people we could work with and who took a real interest in the business."
Scott Sinden, CEO of ESG
You might also be interested in
Growth capital support for the world's first Starbuck's franchisee.Discover more
£5.4m investment in the MBO of specialist manufacturer with international client base.Discover more
Exit generated a return of 4x money.Discover more
£5.8m investment in scientific instrument maker and software developer HEL.Discover more
Rapid growth for the UK's largest indoor go-kart operator returns 4.1x in four years.Discover more