Solfex | Panoramic | UK Growth Capital & Buyout Funding

In January 2013, Solfex Energy Systems was sold to Travis Perkins Plc representing a full exit for Panoramic. The sale generated an IRR of 75% following an initial investment of £1.25m. Lancashire based Solfex was established in 2006 by Stuart and Susan Cooper, and utilises its distribution platform to integrate and supply components to the UK’s renewable companies.

How did Panoramic made a difference?

With Panoramic’s backing, Solfex grew to become one of the largest renewable energy systems integrators in the UK. It saw its profitability increase substantially and turnover grow from £5m to £22m in just two years. It also broadened its product range and service offering and tripled headcount from five to fifteen employees over the same period.

Solfex was listed as the UK’s 5th fastest growing private company in Britain by the annual Sunday Times Virgin Fast Track 100.

Stuart Cooper, Co-Founder and Managing Director of Solfex:

“Panoramic has proved to be an excellent investment partner. We know our business and market well but we lacked experience in building the infrastructure to support such rapid growth. This is where Panoramic proved to be an invaluable partner, providing value add in terms of strategic guidance, corporate governance and financial rigour. They also gave us access to their network of contacts and provided significant input into our marketing strategies and day-to-day management decision. There is no doubt that their expertise in building businesses has contributed significantly to us becoming the organisation that we are today.”