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.

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.