Old Mill advise on investment in Beattie Passive for BOOST&Co
Old Mill Corporate Finance is pleased to announce that it has advised independent asset manager BOOST&Co on its latest £3m investment in Beattie Passive. This investment will provide the growth capital to support its extensive pipeline of new opportunities and help create more jobs within the company as the firm begins new projects.
Founded in 2014 by Ronald and Rosemary Beattie, Beattie Passive remains a family-owned provider of patented Passivhaus technology to homes across the UK. Passivhaus is an advanced, low energy construction standard for buildings, which is globally recognised as the “Golden Standard”. It works by using high performance insulation, so that the majority of heating required for a building comes from passive sources such as sunlight and body heat.
Kathryn Mansell, Corporate Finance Advisor at Old Mill, said: “It was a pleasure to work with BOOST&Co on a transaction in one of our key sector specialisms. BOOST&Co are experts in supporting ambitious businesses and accelerating their growth. Beattie Passive has a very bright future.”
BOOST&Co is a leading provider of growth capital for innovative, fast-growing UK SMEs. The independent asset manager offers loans ranging from £1m to £10m, covering a wide range of sectors, with a strong track record in technology, media and telecommunications (TMT). It has funded more than £500m across more than 130 deals to date and provided close to £200m under the government’s CBILS initiative to support SMEs during Covid-19.
Kim Martin, head of the South and the Midlands at BOOST&Co says: “We are absolutely delighted to become the chosen funding partner of the Beattie Passive team and support them with their exciting growth plans. Old Mill provided valuable insight during our due diligence process which confirmed that this was an excellent strategic fit for us”.