Advising on the sale of CET to management - Deal alerts - Gateley
Deal alert

Advising on the sale of CET to management

Gateley Legal

Acting for Equity Harvest Fund and all individual sellers, we have advised on the sale of CET Group Holdings Limited to Project C Bidco Limited, a company formed by management for the purpose, supported by funding from Beechbrook Capital and Clydesdale Bank plc along with investment from Palatine Private Equity.

Established in 1989, the CET Group provides specialist infrastructure and property assurance services from its headquarters in Castle Donington and its numerous regional facilities.

Our team, led by partner Tom Durrant, included senior associate Beth Mather and solicitor Liz Mills (Corporate), partner Anna Mayfield, associate Megan Kirby and solicitor Alicia Corby (Banking and Finance), partner Andrew Macmillan and solicitor Helen Webster (Employment), senior associate Martin Jahreiss and solicitor Jo Symes (Tax), senior associate Mailin Bala (CMT), and solicitor Chris Grainger (Regulatory).

David Williams, exiting Chairman, CET Group said: “Owing to its long history, CET Group was above average in complexity. As well as being central in the success of our 4 recent acquisitions, the Gateley team patiently prepared the business assiduously for the exit process. It was a good seamless team effort across their Midlands offices, and the team were cheerfully accessible with sound advice. Their diligence paid off under the intense scrutiny of investors, and CET was ‘match fit’ and well presented for the sale process. This lead to a fine conclusion that delighted all stakeholders.”

Beth Mather said: “We are delighted to have acted on behalf of the vendors on this deal. Gateley has worked with the CET Group for many years and we have been thrilled to play a role in its recent growth. The CET Group is a well-known local business that provides jobs to over 470 staff. This deal brought together local advisers and is a real good news story for the Midlands. We wish the management team continued success alongside its new investors.”

SubscribeHide

Forward thinking business advice

Direct to your email inbox

Subscribe now