June 2024
Excalon Limited
Adviser to Excalon Limited on their sale to Renew Holdings plc
£undisclosed
Grant Thornton team
  • Usman Malik
    Usman Malik
    Head of Business services, Corporate Finance Advisory
Business support services
Sell side
Corporate finance
Flag of the United Kingdom

We are delighted to have advised Excalon Limited on their sale to Renew Holdings plc

Excalon Limited is a leading infrastructure contractor based in Salford specialising in the provision of services to the utilities industry.

The shareholders asked our BSS Corporate Finance team to advise and support them in respect of the sale of the business to Renew Holdings plc.

Renew Holdings plc is a multidisciplinary engineering services company, providing essential engineering services to maintain and renew critical infrastructure networks.

We assisted in the offer negotiations to maximise shareholder value and ensure that the transaction terms and structure met and exceeded the shareholders’ objectives.

We provided support throughout, assisting in project managing various diligence streams and in the locked box negotiations.

Usman Malik who led the deal, commented “We are delighted to have advised the shareholders of another fantastic business in the very active infrastructure engineering sector and look forward to seeing it continue to thrive”

 

“We are extremely grateful to Usman, John and Maria for all their hard work supporting us on this important phase of Excalon’s journey. We wouldn’t hesitate to recommend them.”
Alan Terhoven Finance Director, Excalon Limited