Thu, 24 Oct 2019 | MBO/MBI
CastleMill Equity Partners, a new private equity firm, has acquired marine and energy company Manor Energy Group in a deal supported by Shawbrook Bank. The deal represents the first major investment by CastleMill Equity Partners, led by Rob Asplin and Conrad Lee.
Dorset-based Manor Energy provides temporary power and engineering services for offshore wind farms through its subsidiary Manor Renewable Energy and vessel construction and maintenance services through Manor Marine.
As part of the deal, a founder shareholder will leave. However, the acquisition will also see CastleMill provide continued support for Manor Energy’s high-growth plan, offering strategic and commercial expertise as Manor Energy looks to grow its operations and maintenance division.
Ian Moody, relationship director at Shawbrook Bank, commented: "Manor Energy Group is a very impressive business and we’re delighted to become their funding partner through this acquisition.”
Moody added: "We’re also working with a number of sponsors and it’s great to see what Rob and Conrad are building in CastleMill, particularly how they’re focused on supporting expert management teams to an extent that goes way beyond the provision of capital.”
CastleMill Equity Partners co-founder and managing director Rob Asplin said: "We’re clearly thrilled to now be a part of the Manor Energy Group story. We came up with the idea for CastleMill because we believe the role of private equity goes beyond the provision of capital.
"The experienced team at Manor are impressive and know their market and the business they’ve created better than anyone else. It’s a pleasure to now work with them and we can add our broad commercial experience, strategic support and our investment partners’ wealth of expertise and contacts to help continue the Manor success story.”
Offers a comprehensive range of investigative and data analysis services to clients throughout the UK and internationally. Utilises cutting-edge technology and software to monitor global online platforms and provide clients with insight and control o...
A profitable and growing data analytics company, specialising in cutting-edge vusiness intelligence and advanced analytics software and services. Specialises in the delivery of cohesive business intelligence and advanced analytics solutions, tailored...
Apollo has established itself as a leading provider of specialist audio and visual production services to a wide range of corporate events and ceremonies. Offers invited.
Asset manager M&G has completed the purchase of wealth manag...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources