RPL is delighted to announce Foresight Group's investment in INTUMESCENT PROTECTIVE COATINGS LIMITED (IPCL), bringing the fire protection services company into Fieldway Group. RPL conducted the CDD on Foresight's original investment into Fieldway and subsequently on IPCL.
IPCL is a leading provider of specialist fire protection services including structural fire protection and fire stopping. These have been applied and installed to a number of landmark buildings including The Shard, Battersea Power Station, O2 Arena and 22 Bishopsgate.
Headquartered in North Shields, IPCL has around 45 employees and annual revenues in excess of £3m. Its Managing Director and Co-founder, Chris Arnott, and his co-directors are joining the enlarged business at completion.
This investment demonstrates Foresight’s commitment to regions across the North of the UK. At the start of 2022 Foresight announced a c. £100m return to its maiden Foresight Regional Investment Fund from three exits. This fund has supported 17 SMEs in the North West, Yorkshire and North Wales; creating more than 900 high-quality, sustainable jobs and generating market-leading returns with 1.8x already generated for investors at fund level, with 14 companies remaining in the portfolio.