Business Growth Fund’s £10 Million Investment In Polar Technology Management Group

Charles Russell Speechlys has advised Polar Technology Management Group on the deal.

Polar Technology Management Group is an Oxfordshire-based business which manufactures high-performance carbon and metal components for the automotive, medical and aerospace/defence sectors.

Polar Technology Management Group was established in 2012 by Scott Roberts and Mike Dewhirst. The business designs, develops and manufactures products and technology based around advanced composite materials, emerging metal processes and metallic fabrications. Key clients include a range of technology specialist companies in the medical and aerospace industries. The company is highly embedded in the automotive sector, working with F1 manufacturers, whilst also producing parts for high performance ‘Hypercars’.

BGF’s investment will be used to support Polar Technology Management Group’s planned move into a state-of-the-art 100,000 sq. ft. facility at Horizon Technology Park in Eynsham, Oxfordshire, doubling the size of its production capacity and creating over 110 new jobs in the next two years. The new facility is expected to be fully up and running during 2021.

The Charles Russell Speechlys team, led by Corporate Partner Will Nash (Picture), inlcuded Svetlana Kisyova (Corporate) and Helen Coward and Graham Crocker (Tax).

Involved fees earner: Helen Coward – Charles Russell Speechlys; Graham Crocker – Charles Russell Speechlys; Svetlana Kisyova – Charles Russell Speechlys; William Nash – Charles Russell Speechlys;

Law Firms: Charles Russell Speechlys;

Clients: Polar Technology Management Group ;

Author: Federica Tiefenthaler