Injection of Private Equity for Darwin Group

An injection of private equity has been accepted by Darwin Group, the Shropshire based supplier of modula building systems for schools and hospitals.

The money is reportedly to support investment in manufacturing facilities and to support the company’s growth trajectory, however the amount and how much of the company has been acquired has not been disclosed.

A European private equity company who specialise in providing liquidity to small/mid-market companies called Kartesia provided the funds.

The Darwin Group, under the ownership of the Pierce family grew from a turnover of £30m in 2019 to £63m in 2020 with pre-tax profit growing from £1m to £10m.

Recent projects for the Darwin Group have included a 10,000 sqm three-storey building for University Hosipital Wales, a £33m project which was completed in an amazing 20 weeks from initial instruction. Darwin have also recently been re-appointed to the NHS Shared Business Services modular building framework, and also secured a place on the Department of Education schools construction framework.

Richard Pierce, Darwin Group chief executive said that the team at Darwin had made a huge effort in helping to build the business and it was felt that it was a critical time to find an investor such as Kartesia, who share there same believes and ambitions for the future. Their funding will now allow us to invest in the business and increase the capacity to deliver our industry-leading product and thereby offer the service the NHS has come to expect from Darwin.