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Par Equity concludes GBP800k round of investments

Par Equity, an owner-managed venture capital firm specialising in identifying and supporting rapid-growth businesses, has invested GBP800,000 in Kibosh Ltd, the designer of a leaking-pipe repair kit.

Ross Dickinson, a plumbing and heating engineer invented Kibosh in 2009. The kit allows professional plumbers and trades people to mend leaking pipes without having to turn off the water supply to water and central heating systems.
 
Par Equity’s investment in Kibosh will allow the firm to continue its plans to develop equipment to deal with leaks in pipes carrying oil, gas and other liquids. Kibosh also plans to accelerate its expansion in the oil and gas sector.
 
Following Par Equity’s investment, Kibosh has made two new appointments: John Breslin will join Kibosh as Managing Director and Keith Gibson has joined as company chairman.
 
Ross Dickinson, founding Managing Director of Kibosh Ltd, says: “Over the past ten years Kibosh products have become very popular with domestic trades people and of course plumbers. The funding from Par Equity will enable us to expand the business into much larger global markets. I’ve already had requests for bespoke products from power stations and many other industrial outfits. I’m extremely grateful for the confidence that Par Equity has in the business. Their money means we will have the technology and management strength to grow quickly and successfully.”
 
Aidan MacMillan, Investment Manager at Par Equity, says: “Investing in Kibosh at this stage in its development makes absolute sense for us. Their products are tried, tested and unique. Leaking pipes afflict more than just ordinary households. This is an issue for global industries too. The need to get a fix in place as quickly as possible is vital in protecting assets, the environment and business reputations.”
 

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