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The May issue features our first ever Green Power…

A multimillion-pound facility from alternative lender ThinCats has supported the management buyout at laser cutting and engraving machine supplier HPC Laser.

Established in 2006, HPC Laser supplies CO2 and fibre laser engraving and cutting machines as well as CNC routers, and provides training and after sales service.

The business has supplied more than 6,000 machines throughout the UK and overseas, for numerous applications including to clients in the aerospace, automotive, technology and education sectors.

Already existing shareholders chief executive Neil Stewardson and managing director Steve Cockerham have diversified the product range and driven strong growth in sales across HPC's top lines.

Further investment is being made in product development, sales, and marketing to capitalise on the growing demand for higher power industrial laser machines. The pair have acquired 100 per cent of the shares.

FDD was provided for Thincats by Kevin Steven from Pierce Corporate Finance and legals were provided by Paddy Sturman at Irwin Mitchell. HPC was advised by Andy Haigh from BHP Corporate Finance and supported by Hitesh Tailor and Caitlin Hare of Clarion Solicitors. Management legals were provided by Lester Wilson at DWF.

Neil Stewardson, chief executive at HPC Laser, said: "We are delighted to be leading the business through the next phase of its growth together with our fantastic team of industry experts. We look forward to providing even more customers with the best value products and exceptional after sales service."

Ben Kimball, director for business development at ThinCats, added: "It has been a pleasure to support Neil and Steve on this transaction. They have a fantastic reputation in the industry and the business continues to deliver market-leading products and services to its expansive customer base.

"I am excited to see what's next for the company."

BHP Corporate Finance / Clarion Solicitors / DWF / HPC Laser / Irwin Mitchell / Pierce Corporate Finance / ThinCats /

Laurence Kilgannon, Digital News Editor T: 0844 980 0187 E: laurence.kilgannon@newsco.com

Andy Slim, Commercial Director T: 0161 907 9729 E: andrew.slim@newsco.com

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