SME Capital is delighted to be supporting Manchester based Caecillian Ltd with their recent management buyout.
Caecillian Ltd is a leading Utilities Contractor working across the North West and Yorkshire. The business has developed a strong reputation within the Utilities sector and works under Framework Agreements as a main contractor (Tier 1) to Northern Gas Networks and Cadent Gas as well as a subcontractor (Tier 2) to clients such as Network Plus, Morrison Water Services & Avove.
The current Directors, James Lawton and Chris Wood have agreed a 100% MBO of Caecillian Limited from the existing shareholders, Peter Hemlin & Michael Cassinelli.
The transaction will allow the founding shareholders to exit. The MBO team at Caecillian will then be able to move to the next phase of its impressive growth story.
Stuart Watson, Regional Director, Business Development at SME Capital said:
“Caecillian has established an excellent reputation in this critical sector, supporting Utility companies in the Gas & Water sectors. The MBO is the next stage in the continued development of the business.
We have been pleased to support James & Chris in this transaction. This is another excellent introduction from Manchester CF boutique Cole Associates. Thanks to all involved including all at our lawyers, Clarion.”
The MBO was introduced to SME Capital by, David Middleton of Manchester Corporate Finance boutique, Cole Associates.
Commenting on the deal, David Middleton said:
“We are delighted to have worked with James and Chris to complete the MBO, with the support of SME Capital. This will enable the business to continue the impressive growth achieved in recent years.”
David Bowcock at Fieldfisher acted on behalf of the MBO team with Clarion providing support on legal documentation to SME Capital.
About SME Capital
SME Capital was founded to support the growing number of SMEs who face difficulty or frustration in accessing capital through traditional methods. We understand the importance of real and trusted relationships in the SME lending market and have dedicated Regional Directors based across the UK. By combining traditional lending expertise with the latest in data analytics, we are supporting established UK SMEs with their long-term objectives and business ambitions.
October 2023
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