Investment backing a management buyout at £35m revenue provider to the UK electricity distribution sector, Winder Power.
Winder Power (winderpower.co.uk) designs, manufactures, installs and manages electricity distribution transformers for the UK electricity grid and infrastructure customers. Transformers are used to ‘step up’ or ‘step down’ voltages with a wide range of uses to send power across the UK, for example connecting electricity generated by Wind and Solar farms (low voltage production) to the National Grid (high voltage for transmitting electricity) and back down for domestic and commercial use (low voltage).
Winder Power is based in Pudsey, West Yorkshire and can trace its roots back over 100 years. It is set to benefit from significant investment in the UK’s electricity infrastructure supporting an increased demand for clean energy electricity, self-sufficiency of energy supplies and Britain's energy security, and for the UK to reach net zero faster.
According to the UK National Grid, and based on McKinsey research, electricity consumption in the UK will increase c.50% by 2036 and more than double by 2050. As part of ‘The Great Grid Upgrade’ the National Grid and distribution networks will require the largest investment in generations to support UK electricity infrastructure needs (source: The National Grid).
Connection Capital’s flexible funding model allows us to take a dynamic approach to meeting stakeholder objectives, in this instance by structuring our investment as a hybrid debt and equity instrument. The result is a lower-risk transaction structure that maintains the ability to participate in significant equity upside.
Winder Power deal team
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