Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / New private equity firm acquires marine and renewables company

New private equity firm acquires marine and renewables company

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.”


Share this article



Latest Businesses for Sale

SAAS Platform With a Focus on Sustainability
UK Wide

An innovative SaaS platform with a focus on sustainability that allows utility companies to engage with their residential customers. The software promotes insights for sustainability, savings, electrification and decarbonisation, allowing utility co...

Asking Price: Offers Invited
Turnover: £838,000

RELOCATABLE


IT Solutions Specialist
UK Wide

The company provides effective, comprehensive and cost efficient IT solutions to a wide variety of clients. Services include secure networks, cloud services, cybersecurity and voice over internet protocol telephony. Has 50 active clients across a ran...

Asking Price: Offers Invited
Turnover: £610,000

LEASEHOLD


IT Telecoms Business
Lincolnshire, Yorkshire and the Humber, UK

Profitable and 10-year established telecoms and technology services company based in Lincolnshire complete with Freehold premises. With a large proportion of turnover coming from ongoing and retained client business, the company has a fantastic reput...

Asking Price: £950,000
Turnover: £500,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
28
 
Jun
 

Administrators hopeful of finding buyer for Bristol transport firm | ADMINISTRATION

Bristol-based transport, trucking and railroad firm Toogood ...

 
27
 
Jun
 

Administrators seek buyer for listed pharmaceutical company | ADMINISTRATION

Listed pharmaceutical firm 4D Pharma Plc has fallen into adm...

 
24
 
Jun
 

E-commerce imports retailer up for sale for £1.6m | BUSINESS SALE

Deals Incorporated, a Manchester-based e-commerce retailer t...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.