Inteb secures £500k for expansion and sustainability initiatives
Deal News | Nov 15, 2024 | Mercia Fund Management (Mercia Ventures)
Inteb, a notable energy and sustainability consultancy based in Merseyside, has raised £500,000 through Mercia Debt Finance under the Northern Powerhouse Investment Fund II (NPIF II). This funding aims to bolster the company's expansion in offering comprehensive end-to-end energy sustainability solutions. Inteb has significantly grown its turnover and workforce over the past few years, reflecting its effective strategy and market position. A recent management buy-out led by Managing Director Tom Kelly hopes to drive further growth, with ambitions to increase staff by 20 and achieve 25% yearly growth over the next four years. The funding supports these plans by providing necessary capital for project management. Mercia Fund's Gary Whitaker emphasizes the unique proposition of Inteb in extending its services in line with market trends and the growing demand for energy sustainability. Shareholder Strategies provided fundraising advice for Inteb during this transaction.
Sectors
- Energy and Sustainability
- Private Equity and Debt Financing
Geography
- United Kingdom – Inteb is based in Merseyside, and the funding comes from the Northern Powerhouse Investment Fund II, which operates regionally across the North of England, UK.
Industry
- Energy and Sustainability – The article focuses on Inteb's role as a consultancy helping clients improve sustainability and manage energy efficiently, aligning with trends in the energy and sustainability industry.
- Private Equity and Debt Financing – Mercia Fund Management, through NPIF II, is highlighted as a key financial sponsor providing debt financing to Inteb for strategic growth.
Financials
- £500,000 – Funding amount raised by Inteb from Mercia Debt Finance under NPIF II for growth and service expansion.
- £660 million – Total size of the Northern Powerhouse Investment Fund II offering various loan and equity financing for SMEs.
- £3.6 million – Inteb's doubled turnover over the past three years, indicative of the company's growth trajectory.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Inteb | Target Company | Company | An energy and sustainability consultancy advising on energy cost reduction and compliance, pursuing expansion and service enhancement. |
| Mercia Fund Management (Mercia Ventures) | Funding Provider | Company | A private equity firm managing the Northern Powerhouse Investment Fund II, providing financial support for Integral's growth. |
| Northern Powerhouse Investment Fund II (NPIF II) | Funding Mechanism | Company | A fund aimed at economic growth and innovation in the North of England, providing finance to SMEs like Inteb. |
| Tom Kelly | Managing Director | Person | Leader of Inteb who navigated the company's recent management buy-out and drives its strategic growth. |
| Gary Whitaker | Mercia Representative | Person | Represents Mercia, involved in the decision to support Inteb's growth with NPIF funding. |
| Brian and Duncan McCann | Financial Advisors | Person | Provided fundraising advice to Inteb during the funding process. |