Batt Cables - Chiltern Capital

The Business

Batt is a UK headquartered, global specialist in the management and distribution of electrical cables, with facilities in the UK, mainland Europe, USA and Asia. It holds a wide range of over 8,000 different products in stock, serving industries including infrastructure, construction, renewables, offshore, telecommunication and transport.

The Deal

Batt was founded in 1952 by previous majority shareholder, Peter Holm’s father, Jens Holm, and his business partner, Robert ‘Bobby’ Batt. As part of the transaction, Peter Holm remained as an adviser to Batt, with the existing management team remaining in place. As part of the transaction Chiltern introduced industry veteran, Jeremy Ling, as Executive Chair to support the management team in driving the company through its next phase of growth.

The Plan

Batt operates in a market with strong tailwinds, resulting from ESG-driven electrification. As one of the oldest distributors in the UK, Batt is already well established to take advantage of this trend. Chiltern’s investment will enable it to accelerate its growth, through closer customer and supplier partnerships, and expansion into new geographies and product categories.

The Team

Joe Bennett

Investment Director

Michael Coupland

Portfolio Director

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Joe Bennet

Joe is responsible for leading transactions and working with portfolio companies in the business services and industrials sectors. He has managed Chiltern’s investments into Assembuild, Surepharm, Intec and Batt Cables, and oversaw the successful exit of I Heart Studios.

Joe was previously a Director at a private family office, where he led European lower-mid market deals across a variety of sectors. He started his career at KPMG where he qualified as a Chartered Accountant in TMT Audit, before spending three years in the mid-market Transaction Services department.

Outside of work, Joe is kept busy by his young family and two rescue dogs. When time permits, he also enjoys getting out on the golf course and playing hockey for his local club.

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Michael Coupland

Mike is focussed on supporting management teams deliver their ambitions for growth and brings a wealth of portfolio experience. He serves directly on the board of several of investee companies.

Formerly Mike worked as an Investment Director concentrating on lower-mid market investing. He has a range of sector experience but has spent most of his time working with B2B industrial, manufacturing and distribution businesses. Mike qualified as a Chartered Accountant at KPMG where he worked in Corporate Finance and Tax.

Outside of work, Mike enjoys cooking and playing golf when he isn’t busy looking after his young family.