Funds advised by Foresight Group have invested GBP1.9 million into Regency Design & Print Limited, a designer and manufacturer of printed materials for the beverage equipment and retail point-of-sale sector.
Founded in 1986, the Company is the UK market leader and boasts a longstanding customer list comprised of blue chip beverage companies such as Coca Cola Enterprises and Lucozade Ribena Suntory. Over the last few years, Regency has developed a market leading proprietary branded housing for self-serve coffee and tea machines, known as “coffee pods”. Customers for this product include Jacobs Douwe Egberts and Nestle.
The management team comprises David Harkness and Julian Simpson who have both been with the Company for over 15 years and remain committed to drive the Company through the next phase of growth. Foresight will work with David and Julian to bolster the management team bandwidth, adding a Chairman and Financial Director shortly after investment. This enhanced team will help Regency to improve its operations, creating a robust and scalable platform able to deliver the significant pipeline of identified orders over the coming years, as well as exploring new growth opportunities.
Royal Bank of Scotland supported the transaction with attractive banking facilities, which alongside Foresight’s investment, will provide the team with resources to pursue their growth plan.
Matt Smith, Partner at Foresight Group, says: “Regency already has a market leading position in the UK and a long history of delivering high-quality products and service levels to its customers, most of whom are demanding multinational FMCG companies. We look forward to working with the management team to scale the business, taking advantage of the growth opportunities presented in the UK and Europe over the coming years”.
David Harkness, Regency’s Managing Director, says: “We are excited to be working with Foresight at an important stage in the Company’s development. We have a huge opportunity to really accelerate the business by delivering on the pipeline, moving into new geographies and adding more blue-chip customers”.