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Investec acted as Sole Financial Adviser, Rule 3 Adviser and Sole Broker to Lamprell plc in respect of the recommended £38.8m offer for the Company in conjunction with $145m of bridge financing
Investec acted as Sole Financial Adviser, Rule 3 Adviser and Sole Broker to Lamprell plc in respect of the recommended £38.8m offer for the Company. The joint offerors are also providing a bridge finance facility of $145m in conjunction with the offer for the Company.
Lamprell Group has been undergoing a strategic transformation over the past five years against a backdrop of a depressed oil industry and more recently, significant disruptions and cost implications of COVID-19. The joint offerors believe Lamprell would benefit from being in private ownership, facilitating a recapitalisation and recalibration of the business.
About Lamprell plc
Lamprell has an established track record as a provider of services to the international energy sector, with over 40 years' experience delivering high quality projects. It designs, constructs and delivers assets and performs services that help its clients to produce energy safely, efficiently and cost-effectively.
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