Nene Capital enhances portfolio by acquiring Cold Tech

Corby investor Nene Capital has bolstered its investment portfolio with the acquisition of Bristol-based Cold Tech (Services), a leader in refrigerated cold room and cabinet maintenance.

This acquisition brings Cold Tech’s expertise in refrigeration, HVAC, and cold storage solutions for the food, retail, pharmaceutical, and logistics sectors into Nene Capital’s growing portfolio.

Stephen Bayliss, managing director of Nene Capital, said: "We are thrilled to welcome Cold Tech (Services) Ltd. to our growing portfolio. This acquisition represents a significant step in our mission to invest in businesses that offer sustainable value and operational excellence."

Known for its energy-efficient, reliable services, Cold Tech will continue to operate under its established brand, ensuring consistent quality and trusted customer relationships. Nene Capital plans to invest in Cold Tech’s resources to further expand its capabilities while maintaining high standards of service.

Simon Stringer, finance director of Nene Capital, added: “Cold Tech is a well-established business with over ten years of successful trading during which it has achieved a strong position in its market. We are excited to take the business into the next stage of its development.”

The transaction was facilitated by Howes Percival LLP and the Growth Finance team at Allica Bank.

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