Harvard Engineering is a world leader in the design, development and manufacture of energy saving control products and LED drivers for the lighting industry. Based in Normanton near Wakefield, Harvard has built an international reputation for delivering some of the most innovative and efficient products on the market.
Following a period of exceptional growth, the founding shareholders were keen to take on a private equity partner in order to release some equity value and raise some development capital for future growth.
PPCF acted as lead advisor on a highly competitive process that saw interest from a wide range of potential equity investors. The shareholders decided to partner with ECI who acquired a minority stake. Barclays Bank also provided a limited amount of debt to the transaction. PPCF have been retained as ongoing advisors.