Burges Salmon’s Corporate Finance team was recognised alongside EY and Deloitte for their work on the sale of LDC’s stake in Amberon, one of the UK’s leading providers of traffic management services, employing over 500 people and providing a full-service offering of safety solutions to support planned and emergency repairs, including barrier repair and installation services.
LDC's sale to H2 Equity Partners, for an undisclosed sum, followed a successful 18-month partnership between LDC and Amberon that resulted in a 23 per cent increase in turnover to £37.5 million. With LDC’s support, Amberon opened six new depots to form a 24 depot network, added 50 vehicles to its 400-strong fleet, and created over 50 new jobs.
Burges Salmon’s corporate team, led by partner Mark Shepherd and director Tim Roberts with support from specialists across the firm, advised on all aspects of the transaction.
Richard Spink, head of corporate at Burges Salmon, said: “We are delighted to have worked on the Deal of the Year at the South West Insider Dealmakers Awards 2019, having also advised LDC on its investment in Amberon at the outset. Our large Corporate team work on the most high profile deals in the South West and we were delighted to support LDC on a significant deal that brought value to the region.”