Our team has deep experience and expertise across industrial businesses
We are long-term partners for outstanding UK industrial businesses. Find out more about us.

Jonathan Bates-Kawachi
CEO
Experienced industrial investor
Jonathan is an experienced investor with extensive expertise in B2B and industrial businesses. He has worked in both Japan and the UK, and has a strong track record in investing in smaller companies.

Duncan Penny
Senior Founding Partner
Successful former FTSE250 CEO
Duncan was the CEO of XP Power from 2003-2020. Duncan built XP Power to over £1bn in market cap and £300mn in revenue, while focusing on value-add products. While at XP Power, Duncan completed multiple acquisitions. Duncan advises several companies as a non-executive.

Paul Simmons
Senior Founding Partner
Successful former FTSE250 CEO & FTSE100 Sector CEO
Paul is the former CEO of Hill & Smith and CEO of the Safety Sector at Halma. He has a long track record of delivering double digit organic growth, as well as multiple acquisitions at highly successful decentralised industrial businesses.

Reema Harfoushi
M&A Director
Experienced M&A leader in the industrial sector
Reema was an M&A Manager at Halma plc from 2019 to 2024. Prior to her time at Halma, she gained extensive engineering experience in the oil and gas sector, spending over 10 years working on major capital projects with industry leaders such as Chevron, Eni, and Shell plc. She holds a BSc in Civil Engineering, an MSc in Chemical Engineering, and an MBA.

Adrian Clark
Advisor
Senior cross-sector legal and financial advisor
Adrian Clark is Head of Business Risk / Governance at a Global Asset Manager. Adrian brings a range of experience to the team, including a legal background (regulatory / compliance, corporate, M&A) and experience across finance, governance, start-ups. He is CFA qualified.