Greybull Capital-backed McLaren Applied to buy Fimer

Fimer is an Italian designer and manufacturer of inverters for solar systems.

  • Fimer will receive financial support of €50m
  • Greybull capital acquired McLaren Applied from McLaren Group in August 2021
  • Greybull is an entrepreneurial investment firm based in London

McLaren Applied, backed by Greybull Capital, will acquire Fimer, an Italian designer and manufacturer of inverters for solar systems.

Fimer, headquartered in Vimercate, Italy, supplies renewable energy equipment.

McLaren’s investment will enable Fimer to complete its restructuring process, support the plan for the continuity of the business and expand activities, according to a release.

Fimer will receive financial support of €50 million, part of which will be made available as soon as practical to assist with Fimer’s activities during the current year, the release said.

Greybull capital acquired McLaren Applied from McLaren Group in August 2021.

“We believe that Fimer working alongside McLaren Applied is a unique and powerful combination,” said Marc Meyohas, managing partner of Greybull Capital. “We are excited about this investment and look forward to supporting both McLaren Applied and Fimer as they help to develop the electrification transition.”

Greybull has appointed Sam Hancock as chief restructuring officer to support Fimer’s management team.

McLaren Applied is a technology developer that focuses on electrification, telemetry, control tech and analytics. The company is based in Woking, England.

Greybull is an entrepreneurial investment firm based in London.