Investors from Ruffena invest a mix of debt and equity into MSP Technologies Ltd to help launch a new multi-source power system to take to the marine market.
After 4 years of research, MSP developed a highly-efficient, lightweight environmentally-friendly, hybrid diesel-electric generator system which is smaller, lighter, less expensive and more efficient than anything on the market.
The system is digital, giving it fewer moving parts and is packaged in a compact plug-and-play unit, making it an industry leader in installation speed and ease.
The company’s founder and CEO, Simon Patterson said ‘Achieving our investment in such a short time period would have been impossible without Ruffena.’
The funding will be used to finalise the technology and build the first 3 units in a bid to satisfy their growing order book.
ABOUT RUFFENA CAPITAL
Established in 2013, Ruffena Capital has evolved to become a boutique private equity advisory business with its own investment platform - focused on raising true growth capital or alternative finance, typically in the £2-10m range for its clients. Ruffena’s investors are largely a private audience of experienced UK and international investors, funds, family offices and certain wealth managers, who prefer established, highly tangible opportunities that can demonstrate the ability to scale and generate returns. Ruffena secured or advised upon over £42m going into client projects over the 2016-17 financial year. In the current year this has risen significantly and Ruffena has also had two clients IPO and one full exit in 2017-18. Ruffena does take on some earlier stage projects, however they must emphatically demonstrate thorough planning; tangible commercial potential; and a workable investment proposition.