Lincoln-based Streets Corporate Finance has secured a significant investment from the Foresight Group into Nottingham-based software and sensor business Ekkosense.
The investment will allow Ekkosense to accelerate the development of its innovative software and sensor technologies, as well as supporting the company as it scales up and moves into its next major phase of expansion.
The Streets team worked closely with the legal teams and financiers, including Nelsons Solicitors, Browne Jacobson and PMSI involved in the investment deal.
Streets Corporate Finance Partner Neil Gray advised the shareholders and management of Ekkosense, which resulted in the investment into the business.
Neil said: “Ekkosense is an exciting growth business with a strong management team, the type of SME that is a perfect investment opportunity for a fund of this type. Together, I’m sure there will be some great successes in the future.”
Mike Quinn, Senior Investment Manager at Foresight Group, added: “Neil Gray and the team at Streets advised the company on our recent investment into Ekkosense. As ever Neil provided solid commercial advice to the team, which in my view facilitated a smoother process for everyone, and more importantly a great investment.”