FRP Corporate Finance advises Foresight Group on new investment

FRP Corporate Finance has successfully advised private equity and infrastructure investor Foresight Group on a multi-million pound equity investment for Cambrionix Limited, a hardware and software solutions designer.

Since 2007, Cambrionix has provided its customers with hardware and software options to deliver reliable mobile IT solutions. The company has long-standing relationships with leading global technology companies and it is estimated that five million devices worldwide are connected to Cambrionix hardware at any one time.

Foresight Group’s investment will support Cambrionix’s management team as they develop the strategy of enabling mass deployment of mobile devices. During the investment process, FRP provided buy-side financial due diligence and tax advice to Foresight Group.

Commenting on the recent transaction, Matt McLoughlin, director of Foresight Group, said: “We are delighted to have completed this investment from the Foresight East of England Fund into Cambrionix, an exciting Cambridge-based company with great potential.”

The products Cambrionix delivers are particularly focused on software quality assurance, education, healthcare and retail sectors. The product range includes USB hubs which allow customers to launch and configure, charge, update and monitor large numbers of mobile devices at the same time. 

Chris Adlam, partner at FRP Corporate Finance, said: “Cambrionix is an exciting and innovative business, which has developed an impressive range of internationally recognised products. With Foresight’s backing, the management team at Cambrionix now have the additional firepower to scale the business and build further on its existing strong position as a leading supplier to global blue-chip firms.”