TES: TES Group Receives Minority Investment from Foresight Group to Boost Global Expansion
Deal News | Nov 14, 2024 | Foresight Group
Foresight Group, a regional private equity and infrastructure investment manager, has made a significant minority investment in TES Group, a leading high-performance power distribution and monitoring systems provider in Northern Ireland. Established in 1999, TES has been recognized for its rapid growth and service delivery in water and power market sectors. The investment from Foresight is aimed at accelerating TES's growth globally, enhancing its client base, and expanding upon its newly developed facilities in Northern Ireland. The company already boasts substantial international client instructions, including contracts within the UK, Ireland, and Europe. This partnership with Foresight aligns with both companies' visions for innovation and enhanced market penetration. The new partnership also heralds the appointment of James Peacock as Chair, who will guide TES's strategic direction. TES's leaders praise the collaboration, forecasting significant strides in technological development and market leadership. This move is part of Foresight's broader investment strategy, with over £100 million allocated to growth in Ireland and a demonstrated history of successful exits in the region.
Sectors
- Private Equity
- Infrastructure
- Manufacturing
Geography
- Northern Ireland – TES Group is based in Northern Ireland, where it has significant operational facilities.
- United Kingdom – TES Group's serves clients across the UK and is part of its growth strategy.
- Ireland – Foresight Group has offices in Dublin and is active in investing across the island of Ireland.
Industry
- Private Equity – Foresight Group's role as a private equity investment manager, facilitating investments in growing companies such as TES Group.
- Infrastructure – TES Group's focus on mission-critical water and power infrastructure highlights its role in this sector.
- Manufacturing – TES Group operates in the manufacturing sector, particularly in power distribution and monitoring systems.
Financials
- £35 million – The amount Foresight Group has invested to date in companies across Ireland, including this investment in TES Group.
- £100 million – The amount Foresight Group has available to invest in companies across the island of Ireland.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TES Group | Target Company | Company | A manufacturer and distributor of high-performance power distribution systems based in Northern Ireland. |
| Foresight Group | Investing Company | Company | A leading regional private equity and infrastructure investment manager with a focus on growth investments. |
| Brian Taylor | CEO | Person | Co-founder and Chief Executive Officer of TES Group. |
| Noel McCracken | Managing Director | Person | Co-founder and Managing Director of TES Group. |
| James Peacock | Chair | Person | Appointed as new Chair of TES Group to oversee its strategic growth. |
| Graeme Mckinstry | Investment Director | Person | Investment Director at Foresight Group, involved in the investment into TES Group. |