The deal
We’re pleased to have supported InSite Technical Services Limited upon its strategic investment from Vulcain Ingénierie (Vulcain), who are backed by the leading European private equity house, Equistone Partners.
Founded in 2014 and based in Pembrokeshire, InSite operates in both the UK and internationally, supplying engineering design, project management, technical consultancy and support to its clients. InSite operates in the oil refining, LNG, nuclear and renewables sectors.
InSite has grown organically from its inception, expanding from an initial six members of staff to over 100 employees. The company was recognised as one of the fastest-growing businesses in Wales, achieving it a place on the Wales Fast Growth 50 list for 2020.
Vulcain, founded in 1998, based in France and with operations across the globe, is an engineering consultancy group with turnover in excess of €165million and is backed by Equistone, an independent investment firm that operates throughout Benelux, France, Germany, Switzerland and the UK.
Our Corporate Finance team, led by Director Thomas Edwards worked closely with the InSite shareholders to structure the transaction and project manage the process through to completion.
Thomas Edwards, Director at FRP Corporate Finance, said: “We are delighted to have advised the shareholders of InSite on this strategic investment. The business has experienced significant growth in recent years which is testament to the hard work of the shareholders and management team. This transaction will provide Vulcain with additional engineering capability and allow InSite to expand its presence across additional sectors.”
Legal advice to the shareholders was provided by Acuity Law with tax advice from Oliver Partners. Vulcain’s advisors were D&A Advisory and Irwin Mitchell for Corporate Finance and legal advice respectively, with due diligence carried out by KPMG teams in both the UK and France.
Deal summary
Date:
March 2022
Sector:
Engineering
Deal type:
Rasing capital, Private Equity
Deal size:
Undisclosed
We are delighted to have advised the shareholders of InSite on this strategic investment.Thomas Edwards Corporate Finance