We advised Mercia Asset Management on Electric vehicle charging firm’s national expansion

Our Corporate Finance team recently advised Mercia Asset Management ahead of their equity investment into Elmtronics, which saw the firm secure a £1.5m investment.

Elmtronics, which is based in Consett with a base in London, has raised the funding from the North East Venture Fund (NEVF), which is supported by the European Regional Development Fund and managed by Mercia, and the Ingenious Infrastructure Ventures EIS Service.

Elmtronics supplies and installs public charging stations as well as those for homes and businesses, with clients including Nike, the NHS, National Grid, FedEx, Taylor Wimpey, and a number of city councils.

This follows a successful year for our Corporate Finance team with the completion of 27 deals both nationally and internationally, as well as being ranked by Experian as the 2nd most active Corporate Finance advisory firm in North East during the first 9 months of 2020 in the MarketIQ M&A League Tables. The team was also recently shortlisted for four Insider Dealmaker Awards including Corporate Finance Advisory Firm of the Year.

Jan Oosthuizen from Mercia Asset Management said:

“MHA Tait Walker provided an extremely professional service and have consistently provided excellent insight in a professional and timely manner.”

Lee Humble, Associate Partner Corporate Finance at MHA Tait Walker added:

“We were delighted to support Mercia ahead of their investment into Elmtronics. Elmtronics have an exciting growth plan and with the benefit of the recent investment they have a great opportunity to seize significant market share in what is an extremely fast growth industry. We look forward to watching the business flourish and wish them the best of luck for the future.”