Dukosi

The opportunity: Par Equity was attracted to Dukosi due to its novel solution to a global problem in the rapidly growing hybrid vehicle battery management system market. The move by the automotive industry away from nickel metal hydride batteries to lithium-ion batteries has placed much greater demands on the accuracy of battery monitoring sensors and Dukosi's technology was well-placed to meet these demands.

The outcome: In 2013, not long after Par invested, the CEO and founder of Dukosi was tragically killed in a road traffic accident. Par and the Investor Network responded quickly, adding an interim CEO from the Investor Network and, with the work of Par’s appointed Chairman, raised a rescue funding round to stabilise the business. Dukosi went onto develop and roll out its market leading technology, attracting further investment from IP Group, with the company eventually being bought by KCK Partners as part of a buy and build exercise. The sale was for an undisclosed sum, with the Par Equity investors making many multiples of their total investment.

What they said: Dukosi Chief Executive Nat Edington said. “The team and I are delighted to announce this exciting development for the Company, as we move to bring our ground-breaking technologies to market. KCK shares our vision and ambitious plans for the business, and I very much look forward to working with them to ensure Dukosi technology is at the forefront of the next generation of batteries.