Bestport completed the MBO of underfloor heating specialist Nu-Heat UK Limited in May 2017, backing the management team to acquire the business from the founder shareholders. Nu-Heat has grown strongly in recent years to become a £15m turnover business. The deal was concluded with equity from Bestport and a unitranche debt facility from Beechbrook Capital. Nu-Heat is one of the UK’s largest supplier of warm water underfloor heating and integrated renewable solutions. The Company delivers fully designed, energy efficient systems to installers, housebuilders, contractors, architects and self-builders nationwide. Nu-Heat was founded in 1992 and by remaining true to the core values of design, innovation, expertise and service, the company is now a trusted supplier of warm water underfloor heating and renewable solutions, employing over 100 people.