Clearwater advises Dale Power Solutions on securing additional funding from RBS


Clearwater Corporate Finance’s Debt Advisory team has advised the shareholders of Dale Power Solutions (“DPS”) on its recent finance raising. DPS, a provider of total power management solutions, secured senior debt funding and ancillary facilities from its existing bank, RBS.

Established more than 75 years ago, Scarborough-based DPS is a leading service provider and manufacturer of generators and UPS systems that support the delivery of secure power and business continuity solutions to major national and international customers across a broad range of sectors. DPS operates through two established brands (Dale and Erskine) and has a market leading reputation for providing high quality products and services while delivering innovative solutions.

The facilities provided by RBS, combined with the ongoing support from LDC, will help the shareholders to deliver DPS’ growth strategy by providing the capital needed to make strategic acquisitions.

Denzil Lee, Chairman at Dale Power Solutions, said: “We raised capital to provide for the future acquisition objectives of the business and Clearwater helped us to identify the right level of funds to be raised, the best providers and the most appropriate deal. They took on negotiation, structuring and a lot of the ancillary workload but at the same time provided feedback and inclusion throughout the process.”

Clearwater’s Debt Advisory team comprised partner Mark Taylor and assistant director Mark Day.

Mark Taylor, Debt Advisory partner at Clearwater, added: “The new funding facility that has been put in place provides the necessary funding to help DPS achieve its operational and strategic objectives.”