Power Saving Solutions Gains Investment from LDC to Boost Growth
Deal News | Dec 18, 2024 | LDC
LDC, a private equity firm part of Lloyds Banking Group, has invested in Power Saving Solutions, a specialist in battery power and hybrid systems, to support the company’s growth strategy. Power Saving Solutions, based in Mansfield, offers battery storage units integrated with diverse power sources including diesel, renewables, and grid power, aimed at enhancing efficiency and reducing emissions. The firm has thrived due to increased demand from sectors like construction and utilities, leading to a 34% revenue growth by December 2023. The investment will enable Power Saving Solutions to augment its market position, refine products, and explore new markets. Key figures from LDC such as Partner David Bains have joined Power Saving Solutions' board, alongside sector veteran Gary Jacobson and experienced director Mike Marrison, to further steer the company's strategic direction.
Sectors
- Renewable Energy
- Private Equity
- Engineering and Manufacturing
Geography
- United Kingdom – The investment centers around a UK-based company, Power Saving Solutions, and involves LDC, a part of Lloyds Banking Group, which is headquartered in the UK.
Industry
- Renewable Energy – The investment focuses on enhancing products that support clean energy transitions, central to the renewable energy sector.
- Private Equity – The transaction involves LDC, a private equity firm, indicating the industry's role in financing business growth.
- Engineering and Manufacturing – Power Saving Solutions manufactures battery storage systems, relevant to the manufacturing industry.
Financials
- Not Disclosed – The specific amount of the investment by LDC in Power Saving Solutions has not been publicly disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Power Saving Solutions | Target Company | Company | A Mansfield-based specialist in high-performance battery storage and hybrid power systems. |
| LDC | Private Equity Firm/Investor | Company | Part of Lloyds Banking Group, LDC is a leading private equity firm driving investment in growing businesses. |
| Lloyds Banking Group | Parent Company of LDC | Company | A major UK-based financial institution owning LDC. |
| Andy Richardson | CEO | Person | CEO of Power Saving Solutions, leading the company’s strategic direction. |
| David Bains | Partner | Person | Partner at LDC, involved in the investment process and board member of Power Saving Solutions. |
| Nicole Wong | Investment Manager | Person | Investment Manager at LDC, involved in the investment process and board member of Power Saving Solutions. |
| Simon Peacock | Investment Director | Person | Investment Director at LDC, involved in the investment process. |
| Gary Jacobson | Non-Executive Chairman | Person | Newly appointed Non-Executive Chairman of Power Saving Solutions, bringing sector experience. |
| Mike Marrison | Non-Executive Director | Person | Non-Executive Director of Power Saving Solutions, with prior experience from SRL Traffic Systems. |