We’re extremely grateful to the Development Bank of Wales and HSBC UK for their support in making this transaction happen.
Tom David, Chief Executive, Avantis Marine
Company overview
Established in 2019, Avantis Marine is a Bridgend-based worldwide expert in marine engineering, specialising in environmental performance and clean technologies for the shipping, oil, gas and passenger transport markets. They provide businesses with the infrastructure that will reduce their carbon footprint.
Management team
Tom David, Chief Executive Officer - Appointed at 30 years of age, Tom is supported by Chairman Chris David, Chief Operating Officer Jack Jenkins and Chief Commercial Officer Leon Solder.
Business purpose
Avantis Marine’s vision is to be the foremost global contributor to smart and environmental engineering. Avantis provide high-quality international services as an integrator of clean technology, such as their Exhaust Gas Cleaning Systems, Ballast Water Treatment Systems, Low Sulphur Technology & other “green” initiatives, allowing businesses across the world to become carbon compliant with ease.
They support existing and new clients, worldwide, through the challenging process of green technology integration. Their team of experts provides advanced technological solutions to businesses looking to become energy efficient - particularly in making improvements of new environmentally friendly clean technology and reengineering current assets to have a greener and more efficient impact.
Funding
Our loan and equity investment helped the management team complete a management buyout, ensuring the business would be managed centrally and giving them control over day-to-day operations and prospecting.
Alongside our investment, HSBC UK provided working capital to support Avantis’ growth plans, centred around decarbonising the marine and oil and gas industry, while securing long-term employment opportunities in south Wales and internationally.
What people are saying
Providing energy efficiency services to the global marine industry, Avantis is pioneering green technology and reducing carbon footprint with a business model that is focussed on entrepreneurial spirit and flexibility.
It’s particularly pleasing that Tom and the team are benefitting from our £25 million Management Succession Fund as it is specifically for management teams in Wales who want to run and own their own business. This is a real homegrown success story and we’re particularly pleased to be backing Tom as a young Welsh entrepreneur.
Ruby Harcombe and Navid Falatoori, Senior Investment Executives, Development Bank of Wales
Since establishing Avantis only three years ago, we’ve achieved sustained growth and almost doubled our turnover year on year. This deal felt like the next logical step to ensure that we can continue to deliver our vision as a management team based in Wales. We’re extremely grateful to the Development Bank of Wales and HSBC UK for their support in making this transaction happen.
Tom David, Chief Executive, Avantis
We were pleased to be supporting this innovative business achieve its next phase of growth. With offices in Rio De Janeiro and Dubai, as well as its headquarters in Cardiff, Avantis is a fantastic example of a global business that has developed an excellent reputation in the technology market.
Warren Lewis, Head of Corporate Banking Wales, HSBC UK
