Leon Capital backs Avantis Group to support maritime and energy growth
Leon Capital backs Avantis Group to support maritime and energy growth
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Avantis Group has secured a investment from funds advised by Leon Capital LLP to support its long-term growth strategy across the maritime and energy markets.
Chief executive Thomas David, chairman Chris David and the wider management team will continue to hold a controlling interest and maintain operational oversight.
Avantis was acquired by its current leadership in 2022 through a management buy-out part-funded by the Development Bank of Wales.
Thomas David, Chief Executive Officer of Avantis Group, said: “This strategic investment marks an important milestone for Avantis Group.
“We were deliberate in selecting a partner that understands our industries and aligns with our long-term vision.
“This capital strengthens our platform and enables us to pursue growth opportunities while maintaining the independence and culture that define our company.
“We remain grateful for the support provided by the Development Bank of Wales in funding our management buyout in 2022, which gave us the opportunity to build the foundations for this next stage of growth.”
Proceeds from the investment will be used to fund organic growth, operational expansion and strategic opportunities, including investment in people, technical capability and infrastructure. Avantis also plans to expand further into digital infrastructure and defence markets.
Christos Lavidas, Managing Partner, and Jean-Christophe Napoleon Bonaparte, Managing Partner, at Leon Capital, said: “Tom and the team have built a truly differentiated specialist engineering platform, centred around client trust, as well as technical and delivery excellence.
“We are particularly excited to help the company grow its leadership position in green technologies and life cycle management services, as well as its further expansion into digital infrastructure and defence.”
Leanna Davies, Portfolio Development Manager for the Development Bank of Wales, said: “Having been part of Avantis Group’s journey, I am proud of what the business has achieved and confident in its future.
“This investment from Leon Capital provides strong support for the next phase of growth, and we leave the business with a successful exit knowing it is in excellent hands under the leadership team.”
The transaction does not result in a change of control and the terms of the investment were not disclosed.
Legal advice was provided by Acuity Law, Reed Smith and Blake Morgan, with AMA Capital Partners acting as corporate finance adviser to Avantis Group.
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