XP Power

Our role

We are delighted to have acted as Sole Broker and Sole Bookrunner to XP Power, raising gross proceeds of £40 million through a Placing of 4,102,564 Placing Shares at a price of 975 pence per Placing Share, representing approximately 17.3% of the company’s issued share capital. The Offer Price represents a discount of approximately 5.2% to the closing price on 3 March 2025.

In conjunction with the Placing, the Company has also raised an additional £1 million through a successful offer to retail investors.

The funds raised will be strategically allocated to strengthen XP Power’s balance sheet, providing additional financial flexibility, and help it complete the build and fit out of a new facility in Malaysia. This proactive approach highlights XP Power's commitment to maintaining financial stability and operational excellence in a dynamic market environment.

XP Power has been a valued client of Investec since 2006, and we look forward to continuing our partnership as they navigate this important next phase of their growth.

Gavin Griggs, CEO of XP Power, commented: “We are grateful for Investec’s expertise and support throughout this fundraising process. Their understanding of our business and integrated approach to meeting our needs has been invaluable in achieving our objectives.”

About XP Power

XP Power is a leading global developer and manufacturer of critical power control solutions, headquartered in Singapore. Since its listing on the London Stock Exchange in 2000, the company has achieved a market capitalisation of approximately £272 million.

The company designs and manufactures power controllers, which are essential hardware components that convert electricity from the grid into the appropriate form for various electrical equipment. Although power controllers represent a small portion of the overall product cost, they are vital for optimal performance in challenging environments.

XP Power focuses on providing power control solutions for major blue-chip OEMs across key sectors, including Industrial Technology (approximately 38% of sales), Healthcare (around 24%), and Semiconductor Manufacturing Equipment (about 38%).