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Beanstalk Management secures GBP3m for nanotechnology company

Beanstalk Management, a corporate finance adviser specialising in the small and mid market, has concluded a private equity investment on behalf of Mantis Deposition.

Beanstalk Management has completed the GBP3m investment with independent private equity specialists NVM Private Equity.

Founded in 2003, Mantis Deposition designs and manufactures high quality deposition instrumentation for novel materials research and development. The company also engages in the contract coating of conventional thin films and the development of nanoparticle coatings for industrial applications such as high efficiency photovoltaic cells, nanocoating-enabled medical devices and fuel cells.

"Mantis empowers nanocoating research and our technology is behind some of the major innovations in our field. The commercialisation of nanotechnology is becoming increasingly relevant and NVM’s investment recognises both the relevance of nanotechnology and the value of a quality nanocoatings business such as ours," says Mantis Deposition’s managing director Lars Allers.

Peter Hodson (pictured), investment manager, NVM Private Equity, says: "As the investor, it was reassuring to know that Mantis was being advised by Beanstalk Management. Beanstalk continually thought ahead to ensure that we were given exactly what we needed and this certainly helped secure the investment. We are delighted to have invested in Mantis and do not underestimate the role Beanstalk Management played during this process."

"Mantis Deposition is an excellent company and NVM’s growth investment will allow them to commercialise their capability further and fulfil their potential. In particular, Mantis’ unique nanoparticle deposition technology is truly disruptive and will no doubt enable many new groundbreaking applications," adds Beanstalk management director Richard Baker. "Beanstalk has maximised shareholder value and we are very excited for Mantis Deposition, Lars and NVM."

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