The deal

Battery power specialist Power Saving Solutions has secured a significant investment from LDC, the private equity investor, which is part of Lloyds Banking Group, in a deal supported by our Corporate Finance team.

Based in Mansfield, Power Saving Solutions provides high performance battery storage units and hybrid power systems for commercial use across a range of sectors including infrastructure, construction and TV production. Its units are designed to help customers maximise efficiency, reduce emissions and cut costs.

The business has now secured a significant private equity investment from LDC. This will help it to cement its leading position in the growing battery storage industry and deliver a growth strategy underpinned by product development and diversification into new end markets.

Our Corporate Finance team, led by Directors Greg Cox and Alex Starling and supported by Manager Nick Gallagher and Executive Adrien Vendran, was appointed by Power Saving Solutions as the exclusive corporate finance adviser to support on the deal. We supported all stages of the deal, from identifying interested parties before leading on negotiations and managing the financial due diligence, helping the process to reach a positive conclusion.

Greg Cox, Director at FRP Corporate Finance, said: “We are delighted to have supported the Power Saving Solutions team on this significant investment. With the support of a strong investment partner in LDC, the management team is well positioned to accelerate its already remarkable growth trajectory, and further cement its market-leading position within the battery storage solutions industry.”

Alex Starling, Director at FRP Corporate Finance, said: “Battery storage is a sector that is in the ascendency, and Power Saving Solutions is already a leading and well-established provider of green power solutions. This makes them an important player in this market as businesses look for ways to help them meet their net zero targets.

“With this new investment, Power Saving Solutions now has an exciting opportunity to grow its impressive hire fleet and develop its product range, and I’m looking forward to seeing how the business progresses off the back of this.”

Andy Richardson, CEO at Power Saving Solutions, said: “The last few years have been transformative. The investments we’ve made in our products and people have put us at the forefront of a growing market that is making the nationwide transition to cleaner energy sources possible.

“With LDC’s investment we believe there is a fantastic opportunity to continue to grow and take advantage of increasing demand for our products and services, and we’re grateful for the expert support provided by Greg, Alex and the FRP Corporate Finance team that helped get this over the line.”