WilliamsAli Corporate Finance are pleased to have advised a growing North East business on a fund-raising process which has secured a transformational investment from an experienced and successful angel investor.
Ocean Coatings Limited, which specialises in the development and commercialisation of specialist coating products, has successfully completed a significant investment round as it prepares for an ambitious period of growth. The business was founded in 2015 by product development specialist and entrepreneur, Keith McGregor, and is preparing for its next stage of expansion having created a unique portfolio of products with applications in the marine and offshore sectors.
The injection of growth capital has been made by an experienced, North East-based angel investor with a successful track record in developing, scaling and rolling-out similar products into international markets. The investment will enable Ocean Coatings to build its team, expand its operations and accelerate product development as it targets significant progress across a number of markets over the next twelve months.
Phil Williams and Abu Ali at WilliamsAli Corporate Finance LLP led the transaction on behalf of Ocean Coatings from start to finish, including making the introduction to the investor. The transaction represents another notable success for the region’s newest corporate finance boutique since their launch in early 2019.
Ocean Coatings’ founder, Keith McGregor, said: “I am excited and confident about the success we can achieve together with the benefit of having an investor on board who brings vast experience and knowledge to the table.
“This would not have been possible without WilliamsAli Corporate Finance who have demonstrated a supportive, committed and highly commercial approach from day one.”
Phil Williams commented: “It was a pleasure to help to secure this transformational investment for Ocean Coatings and I look forward to watching the business go from strength to strength. This is another transaction which shows that North East entrepreneurs, advisers and investors can come together to create great opportunities for the region.”