Led by managing director, Justin Welton, Gem Scientific is based in Batley, West Yorkshire, and has been supplying specialist laboratory products to the UK, Ireland and Europe since 1997. Gem Scientific Ltd is composed of two separate businesses, Gem Scientific and Northern Balance, acquired in 2016.
Yorkshire and the Humber
We were delighted to facilitate a seven-figure loan to Gem Scientific, the largest independent specialist scientific and laboratory product supplier in Yorkshire. The funding will support the company’s ongoing growth plans.
ThinCats was introduced to the GEM team by Solingen, a Leeds based private equity firm that specialises in lower-mid market investments. Having worked with ThinCats on previous sponsor backed deals, Solingen recommended ThinCats as a funding partner.
Ben Kimball, business development director for Yorkhire and the North East led the ThinCats team, whilst Ben Slack and Andrew Curtis at Clarion provided legal support.
Ben Kimball, Director Regional Business Development, ThinCats:
“Our existing relationship with Solingen and knowledge of their private equity investment process enabled us to move quickly to create a funding solution. Gem Scientific has a highly experienced management team and strong cashflow credentials in a specialist sector, so we are delighthed to be supporting the next stage in their development.”
Solingen have backed our growth ambitions since 2014 so we were delighted that ThinCats have added their support through this funding package. Ben and the team at ThinCats quickly got to grips with our plans and helped shape a cashflow based solution for our specific needs