Quinn advises on Management Due Diligence as Inflexion makes minority investment into Wood Thilsted
The Quinn Partnership was pleased to support Inflexion with its Management Due Diligence services and provide Human Capital Planning advice as the firm made a minority investment in global offshore wind engineering consultancy Wood Thilsted, a business at the forefront of the worldwide transition to renewable energy. The investment is being made from Enterprise Fund V, Inflexion’s dedicated lower mid-market fund.
Founded in 2015, Wood Thilsted designs the foundations for some of the world’s largest offshore wind farms which are a key driver of the global transition to renewable clean energy. The company operates in all the major wind energy markets of the world, providing its services to many of the leading wind developers, and is currently working on the three most significant wind development projects globally. The firm employs over 140 people in five countries.
The founders remain majority owners and committed to continuing to drive the business forward as energy consumption continues its transition towards renewable sources.
Wood Thilsted is looking to expand further globally to meet strong demand for its services, which include feasibility, development, engineering, installation and operation, supporting delivery of 8GW of projects across four continents.
The funding from Inflexion will support Wood Thilsted to scale and grow internationally as the firm offers an increasing range of services to a growing client base. The market it operates in is benefitting from strong underlying market growth in offshore wind farms of over 20% per annum, supported by government green energy targets.
“In a relatively short space of time, Wood Thilsted has clearly demonstrated the huge opportunity in offshore wind and is extremely well placed to meet it. We look forward to playing our part in seeing Wood Thilsted reach its potential as its growth is further propelled by the global shift towards sustainable energy consumption.”
Simon Turner, Managing Partner, Inflexion
“This timely collaboration with Inflexion will accelerate our growth so that we can continue to deliver the very best engineering solutions for offshore wind. Inflexion’s investment and advice will help us achieve our global goals, but leave us firmly in charge of our own destiny.”
Christian LeBlanc Thilsted, CTO & Co-Founder, Wood Thilsted
“Christian and Alastair have formed a partnership that brings together impressive technical engineering facility with a keen commercial acumen and drive and a commendable business, cultural and strongly client oriented ethos. They have built their business and team with an emphasis upon the highest service offering standards and their pioneering knowledge and engineering capability.
“In Inflexion they will have a preeminent investment partner who also embody these values and with Inflexion’s support and expertise in driving and consolidating international growth, the business will be in a good position to bolster its global offering, strengthen its resource, achieve its green energy goals and move to reach its significant potential as an integral provider of solutions in an exciting and increasingly prominent sector.”
Mike Stiles, Director, The Quinn Partnership
If you would like to hear more regarding our Management Due Diligence and Human Capital Planning services, please contact us.
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