- Founded in 1971, MSS International offers comprehensive solutions tailored to the complex demands of transmission and distribution systems;
- Headquartered in Manchester, the business has offices across eight key markets, and manufactures over 1m high-precision components annually;
- MSS International is backed by private equity firm, Stellex Capital Management (“Stellex”), that specialises in investing in middle‐market companies across North America and Europe;
- The £20m super senior Revolving Credit Facility (RCF) from OakNorth will be used to refinance existing debt, as well as support the group’s future growth.
London, 07 May, 2026: OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £20m super senior RCF to MSS International, a leading player in energy transmission and distribution manufacturing.
Founded in 1971, MSS International plays a critical role in supporting electrification, supplying high-precision components used in applications such as data centres, EV battery systems, and grid infrastructure. With strategically located manufacturing facilities in India and Poland, and offices across eight key markets, MSS International delivers over 1m high-precision components annually. The business is backed by private equity firm, Stellex, that specialises in investing in middle‐market companies across North America and Europe. Since acquiring a majority stake in MSS International in 2023, Stellex has supported the business in its growth strategy and expanding its global capabilities, such as the acquisition of Elmecon and the opening of a new US facility.
The £20m super senior RCF provided by OakNorth will refinance existing debt, while also providing additional flexibility to support ongoing working capital requirements and future growth initiatives. The facility is also aimed at strengthening the group’s ability to support increasing demand across its core end markets, particularly those linked to electrification, renewable energy, and data infrastructure.
Steve Townsley, CFO of MSS International, commented on the transaction: “We are delighted to have secured this facility from OakNorth, which provides us with the flexibility and liquidity to support our continued growth across global markets. Throughout the process, we were particularly impressed with Stuart’s deep expertise in the private equity space, as well as OakNorth’s ability to deliver the transaction with speed, clarity, and transparency. Their understanding of our business model and growth ambitions made them a natural partner for our journey.”
Stuart Blair, Senior Director of Debt Finance at OakNorth, added: “This transaction represents an exciting opportunity for OakNorth to support a new sector, further expanding our lending into businesses at the heart of global electrification. MSS International is a highly innovative and well-established platform, playing a critical role in enabling energy transmission, storage, and EV-related infrastructure. Backing leading businesses that are driving success in energy and EV projects is hugely important in today’s world, and we’re delighted to be supporting MSS International and Stellex on their continued growth journey.”
ENDS
Notes to editors
About OakNorth
Launched in September 2015, OakNorth is the bank for entrepreneurs, by entrepreneurs. It was founded to address the persistent funding gap facing lower mid-market businesses – a segment that accounts for a significant share of economic output yet remains underserved by traditional banks.
To date, OakNorth has provided over $20bn in lending to thousands of entrepreneur-led businesses across the UK and US, supporting the creation of more than 70,000 jobs and generating more than £40bn in economic value. Throughout multiple economic cycles, the bank has maintained a highly disciplined approach to credit, delivering performance metrics that place it among the top 1% of commercial banks globally.
It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Visit www.oaknorth.co.uk for more information.
About Stellex
With offices in New York, London, Pittsburgh and Detroit, Stellex Capital is a private equity firm with over $6.9 billion in assets under management. Stellex seeks to identify and deploy capital in opportunities that stand to benefit from its operationally focused and hands-on approach to investing. Portfolio companies are supported by Stellex’s industry knowledge, operating capabilities, network of senior executives, strategic insights, and access to capital. Sectors of particular focus include aerospace, defense and government services, transportation and logistics, manufacturing, real economy and business services, food processing, and tech-enabled services. Additional information may be found at http://www.stellexcapital.com