Solid State

finnCap Capital Markets is delighted to have advised on the £26.25m fundraise for Solid State PLC, and its acquisition of California based Custom Power LLC.

Solid State is a specialist value added component supplier and design-in manufacturer of computing, power and communications products. This fundraise and acquisition (subject to GM) is a transformational deal helping to further internationalise our client and enhances their position in the battery and power technology market. Custom Power has attractive customer niches in aerospace, defence and medical that complement Solid State’s existing market positions.

Ed Frisby, Director, Corporate Finance at finnCap Capital Markets, commented: “The transaction attracted strong demand from institutional investors resulting in an upsized fundraise, adding excellent new names to the register.”

£26.25m fundraise and acquisition of Custom Power LLC.