n Industries Group Limited (“n Industries”) has successfully completed an oversubscribed funding round, setting the stage to create a leading group of British industrial firms with a long-term growth focus.
The investment round was led by Antheia, the family office of Spotify founder Daniel Ek, with significant backing from Sun Mountain Partners LLC and other investors, including prominent family offices. The successful funding highlights investor confidence in the strength and potential of the UK’s industrial sector.
A Commitment to British Industry
CEO Jonathan Bates-Kawachi commented on the achievement: “We are committed to backing British businesses. The UK has a wealth of high-performing small industrial firms, and we are eager to work with them. Our goal is to support existing management teams to expand their businesses and accelerate growth with a true long-term approach. The oversubscription of our funding round is a clear indicator of our confidence in the UK industrial sector. We look forward to sharing exciting developments soon.”
n Industries is now actively seeking established UK industrial firms with annual revenues between £2 million and £15 million to join their group. Bates-Kawachi explained, “Our approach is straightforward: we aim to foster sustainable growth over the long term with a decentralised model. With support from our new investors, we are able to create an environment where companies work collaboratively to achieve organic, sustainable growth. Our team brings extensive experience and a track record of success, making this vision achievable.”
Empowering Growth with a Unique Business Model
n Industries’ operational model involves acquiring majority stakes in small, successful UK industrial companies, working alongside existing management to strengthen and expand these firms. The focus on sustainable, organic growth allows the companies within the group to maintain their unique identities while benefiting from shared expertise and resources.
The leadership team’s industry experience further positions n Industries for success. Co-founders Paul Simmons and Duncan Penny, both former FTSE 250 CEOs, bring significant expertise to the team. Simmons, who served as CEO of Hill & Smith and led Halma’s Infrastructure and Process Safety Sectors, along with Penny, former CEO of XP Power, both have a history of driving consistent growth for industrial firms. Their involvement offers a strategic advantage to n Industries and the firms they plan to acquire.
An Experienced Leadership Team for Long-Term Success
Founder and CEO Jonathan Bates-Kawachi has a strong background in industrial investments, with experience as a Senior Investment Manager at Pictet Asset Management. His expertise in growing industrial businesses complements the team’s vision, providing a robust foundation for n Industries to achieve its objectives.
With substantial funding secured, n Industries is poised to make a lasting impact on the UK’s industrial sector, offering new opportunities for British firms to thrive through collaboration, autonomy, and shared growth. The group’s efforts to acquire and support these businesses underscore its commitment to building a resilient and innovative industrial future for the UK.
