- Quinn advises LDC in leading Specialist Nuclear Engineering Business
The Quinn Partnership advises LDC in leading Specialist Nuclear Engineering Business
The Quinn Partnership, Management Due Diligence providers to the Private Equity and Investment markets has advised LDC in their substantial investment in Nuclear Engineering Services Limited (“NESL”).
This deal is part of LDC’S £250 million investment strategy for 2009. The 6.5 million LDC have invested in NESL will provide both financial support and strategy to further develop NESL’s existing market position. The business focuses on long-term nuclear decommissioning projects and looks to benefit from the recent government announcement of its plans to build new nuclear power stations.
NESL is forecast to achieve sales of £25 million in 2009, this comes after a successful £18 million of sales in 2008.
Chief Executive Brett Cooper, who will maintain his position on the board, commented:
"This transaction underpins NESL's overall growth and development strategy whilst delivering financial backing to realise our full potential within the market place.”
Paul Quinn, Director at The Quinn Partnership commented “The team at The Quinn Partnership are thrilled that the firm’s work with Brett and the team will continue. We are helping to shape their approach to strong and successful delivery of an impressive commercial strategy and will work with them over the coming year to help maximise this phenomenal opportunity to grow and develop the NESL business even more.”