Advisers to Norfolk headquartered high voltage infrastructure services business, EAST Solutions, on its majority investment from Pallant Capital.
Advisers to Norfolk headquartered high voltage infrastructure services business, EAST Solutions, on its majority investment from Pallant Capital.
We’re pleased to have advised Norfolk headquartered high voltage infrastructure services business, EAST Solutions (Energy and System Technical Limited), on securing a majority investment from a UK based family office, Pallant Capital.
EAST Solutions, the trading name of MBA High Voltage Holdings Limited, is an independent connection provider supporting the delivery of high voltage electrical infrastructure across the UK. The business provides turnkey high voltage engineering solutions, spanning design, new connections, private network installation, operations and maintenance, with in-house capabilities that allow it to support clients from planning through to energisation.
Established in 2009, EAST Solutions has built a strong track record delivering projects of varying complexity across the UK, with capabilities spanning projects up to 132kV. The business serves a broad client base ranging from regional enterprises to blue chip corporates and public sector organisations.
Our Norwich Corporate Finance team was appointed by EAST Solutions’ shareholders to explore options for investment to support the next stage of the company’s development. The team was tasked with preparing the business for market, identifying potential strategic and financial investors, and securing a partner capable of supporting EAST Solutions’ long-term growth ambitions.
Following a competitive process, Pallant Capital was selected as the preferred partner. We acted as lead adviser throughout the transaction, leading commercial negotiations, project managing the transaction through to completion and coordinating key workstreams alongside legal advisers Mills & Reeve. Our tax advisory team also supported the shareholders as part of the transaction.
Pallant has now taken a majority stake in EAST Solutions, providing an exit event for one retiring shareholder while enabling the existing management team to continue leading the business as it seeks to further expand its market presence.
Ryan Symonds, Partner at FRP Corporate Finance, said: “Electrification and renewable energy investment are driving growing demand for high voltage infrastructure services business with a proven track record in helping to modernise ageing infrastructure and installation of new assets.
“EAST Solutions is a prime example of such a business, bringing to the table a strong client portfolio and established market presence. Pallant Capital’s family office structure means that it represents a great fit as an investor, and we look forward to seeing the business’ continued evolution in the years ahead.”
Michael Delgudice, Managing Director at EAST Solutions, said: “This investment marks an important milestone for EAST Solutions and provides a strong platform to continue building the business while maintaining the technical expertise, service quality and client focus that we are known for and that have underpinned our growth.
“FRP Corporate Finance provided clear advice throughout the process and helped us secure an investment partner that understands our business. We’re now looking forward to working with Pallant Capital as we continue to develop EAST Solutions and respond to growing demand across the electrical infrastructure market.”
Electrification and renewable energy investment are driving growing demand for high voltage infrastructure energy services business with a proven track record in helping to modernise ageing infrastructure and installation of new assets.