Inciner8 - Chiltern Capital

The Business

Inciner8 is a leading designer and manufacturer of incinerators for a range of applications across the waste management industry including medical, agricultural and general. Inciner8 supplies incinerators to a global customer base including corporate, government and non-governmental organisations.

The Deal

Chiltern has taken a majority stake in the company and will play an active role in supporting Darren Spencer (CEO) to build on Inciner8’s successful growth track record and develop additional revenue streams. As part of the transaction Chiltern has strengthened the management team with the addition of James MacLeod as Finance Director along with experienced private equity chairman, Duncan Cooper, joining the Board as Chairman.

The Plan

After several years of being run as a ‘lifestyle’ business, Inciner8 will further develop its position as a market leader in its industry through augmentation and professionalisation of its sales function as well as expanding its product range and geographic reach to drive growth and support customers reduce landfill and mishandling of biohazardous waste.

The Team

David Butler

Partner

Harry Reid

Investment Associate

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David Butler

David was previously an Associate Director at Downing LLP where he focused on early-stage growth capital investing across a range of sectors.

Prior to Downing, David was a Manager in the Corporate Finance team at PwC in London having spent three years within the PwC Assurance practice, where he qualified as a Chartered Accountant.

At Chiltern, David leads transactions across multiple sectors, with particular experience in industrial products and services.

Since joining Chiltern, David has been involved in the acquisition and subsequent sale of Doby Verrolec, add-ons of Plasmech and Amerplast to Hanmere to form the Trueman Group, add-on of TTG to Gradwell, and the acquisitions of Inciner8, Emtez and Strata Products.

Outside of work, David enjoys spending time with his young family, supporting his old rugby club, and is a keen golfer.

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Harry Reid

Harry joined Chiltern after several years advising local and global mid-market private equity firms. Harry is qualified as a Chartered Accountant.

Harry is involved in the assessment of new investment opportunities and supporting investee companies as a board member. He was involved in the investment into Rapid Repair Network and Strata Products and sits on the board of Inciner8.

Away from the office, Harry has a keen interest in rugby league and union, cricket and golf. He also enjoys travelling and talking all things agriculture, as he remains closely linked to family farming operations in rural Australia.