Investec, a global leader in financial services, has announced its role as Sole Broker and Sole Bookrunner for XP Power Ltd’s successful £40 million equity raise. This transaction represents approximately 17% of XP Power’s issued share capital. In addition to the equity raise, XP Power has secured £1 million through a retail investor offer.
The funds will be used to enhance XP Power’s balance sheet, offering additional financial flexibility, and supporting the completion of a new facility in Malaysia. This move underscores XP Power’s focus on financial stability and operational excellence, even in a rapidly evolving market.
Carlton Nelson, Head of Corporate Broking & PLC Advisory, commented:
“We are pleased to support XP Power in this significant equity raise. Our longstanding partnership, which began in 2006, has allowed us to gain a deep understanding of their unique operational needs and the complexities of the power control sector. This capital raise will enable XP Power to continue to innovate and deliver critical power solutions.”
Gavin Griggs, CEO of XP Power, stated:
“We are grateful for Investec’s expertise and support throughout this fundraising process. Their understanding of our business and integrated approach to meeting our needs has been invaluable in achieving our objectives.”
XP Power, headquartered in Singapore and listed on the London Stock Exchange since 2000, is a global leader in the development and manufacturing of critical power control solutions. With a market capitalisation of approximately £272 million, the company provides essential power controllers that convert electricity into the appropriate form for various applications, including healthcare, semiconductor manufacturing, and industrial technology.
With a diverse product portfolio and a strong emphasis on research and development, XP Power continues to provide tailored power solutions that enhance efficiency and functionality for its customers. The company’s focus on sustainability and compliance with international safety standards further solidifies its position as a trusted partner in the power control industry.
Investec announced the launch of its new dedicated European ECM desk in September 2024 as part of its increasing focus on providing specialist services to the mid-market sector.
Investec has recently advised Kazareen Textile Group on its majority investment from Amethis Private Equity, Cohort PLC on its £75 million (AUD$144 million) acquisition of EM Solutions and associated £41 million fundraises, and acted as financial advisor to Holdsport Group, owned by Old Mutual Private Equity, on the sale of the business to Frasers Group.