Lexington Corporate Finance has acted as the sole Corporate Finance Advisor to the Shareholders of Crouch Waterfall and Partners Limited (“Crouch Waterfall”), a leading civil, structural and geotechnical engineering consultancy, on its strategic partnership with Vulcain Ingénierie (“Vulcain”).
Founded in 1981, Crouch Waterfall is an established firm of civil, structural and geotechnical engineers with extensive experience in the core areas of bridges, rail infrastructure, buildings, temporary works and Geotechnical Services. The Company operates from four offices across the UK and employs over 100 staff.
Vulcain, founded in 1998, based in France and with operations across the globe, is an engineering consultancy group with turnover in excess of €165m and is backed by Equistone, an independent investment firm that operates throughout Benelux, France, Germany, Switzerland and the UK.
The Lexington Team of Tom Coombes, Pablo Shorney and Jade Burgess worked closely with the Crouch Waterfall Shareholders to structure the transaction and project manage the process through to completion.
Tom Coombes, Director of Lexington said: “It was apparent very early on that a partnership between Crouch Waterfall and Vulcain would provide the Crouch Waterfall team with significant growth opportunities in the future. We look forward to seeing the relationship flourish over the coming years, and wish Julian, Tom, Tim, Martin and the rest of the Crouch Waterfall team the best of luck in the future.
This deal provides further credentials for Lexington within Business Services, specifically within built environment consultancies, and is indicative of our expertise and access to investors in this space.”
Julian Howe, Crouch Waterfall Director, said: “Tom, Pablo and Jade worked tirelessly to make sure all parties were pulling together to get the deal done. They were invaluable in due diligence, making sure that all responses were provided ensuring momentum was maintained through due diligence. They highlighted key risks early and as a result of their proactivity were able to navigate these at the earliest point of the deal.”
Legal advice to the shareholders was provided by TLT Solicitors with tax advice from UHY.