We’re pleased to have advised industrial services business Advantiv Ltd in securing an equity investment – made by Foresight Group, through the Investment Fund for Wales. The fund is operated by the British Business Bank.
Based in Merthyr Tydfil and Pembroke Dock, Advantiv provides a broad portfolio of engineering products, technical site services and procurement solutions to clients across the commercial, industrial and manufacturing sectors.
The investment will support Advantiv in opening new UK locations, growing the team, and investing in systems, processes and automation.
Our Private Equity team – including Partner David Mkhitarian, Legal Director Olivia Jones, Associate Rachel Faulconbridge and Paralegal Emily Kingston – provided lead legal advice to Advantiv’s shareholders.
Securing this landmark investment represents a significant step forward for Advantiv and is a testament to the strength of its vision, leadership and capability. Supporting the shareholders on a transaction of this scale has been a privilege, and it’s exciting to see a business with such strong foundations poised for further national expansion.Olivia Jones
Legal Director at Hill Dickinson
Andy Burgess, Director at Advantiv, said: “This investment will support us in recruiting and developing high-calibre staff across sales, commercial and operational roles to build on our South Wales base. Strengthening our team will enable us to execute our growth strategy more effectively while maintaining high standards of service and delivery.
“Our plan includes opening more locations to provide more local service support across the UK, which will enable us to expand our presence in existing markets and pursue new growth opportunities.
“Partnering with Foresight will accelerate our growth, increase employment and return some of the investment to the regions we operate in. This marks the beginning of an exciting new chapter for our team, our customers, and our vision for the future.”
Olivia Jones, Legal Director at Hill Dickinson, said: “Securing this landmark investment represents a significant step forward for Advantiv and is a testament to the strength of its vision, leadership and capability. Supporting the shareholders on a transaction of this scale has been a privilege, and it’s exciting to see a business with such strong foundations poised for further national expansion. This funding will enable Advantiv to accelerate its growth plans, deepen its operational capacity and create meaningful opportunities across the regions it serves. We look forward to seeing the next phase of the company’s journey unfold.”