Crown Plus Secures £3.9m Funding to Drive Future Growth
Deal News | Feb 28, 2025 | Mercia Fund Management (Mercia Ventures)
Mercia Ventures, through the Midlands Engine Investment Fund II, has provided a £3.9 million investment to Crown Plus, a specialist highways drainage contractor based in Telford. This funding is set to propel the company's growth as it aims to expand its operations and acquire new equipment to take on larger projects. Crown Plus, known for its innovative drainage solutions like the VERGEBlaster, has a significant foothold across the Midlands and South West through its contract with National Highways. The company, founded in 2015, plans to double its workforce by 2030, taking advantage of its strong reputation and unique capabilities. The investment aligns with the British Business Bank's mission to support promising local businesses in the region.
Sectors
- Infrastructure
- Private Equity
Geography
- United Kingdom – The funding and business activities of Crown Plus are focused in the Midlands and South West regions of the UK.
Industry
- Infrastructure – The article discusses a company involved in highways drainage services, which is a part of the broader infrastructure sector.
- Private Equity – Mercia Ventures is a private equity firm providing investment to Crown Plus, highlighting the involvement of the private equity sector.
Financials
- £3.9m – The investment amount provided to Crown Plus by Mercia Ventures.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Crown Plus | Target Company | Company | A highways drainage contractor that received funding to expand its operations. |
| Mercia Ventures | Investing Company | Company | Private equity firm providing funding through the Midlands Engine Investment Fund II. |
| Midlands Engine Investment Fund II | Funding Source | Other | A fund established to support smaller businesses in the Midlands. |
| British Business Bank | Supporting Organization | Government | A UK government-owned development bank supporting British businesses. |
| Azets | Financial Advisor | Company | Provided fundraising advice to Crown Plus. |
| CG Professional | Legal Advisor to Crown Plus | Company | Provided legal advice to Crown Plus for the transaction. |
| James Skivington, Alex O'Donoughue, Miranda Foy | Legal Advisors to Mercia Ventures | People | Provided legal advice to Mercia Ventures. |