Tilney Smith & Williamson advises SafeLane on acquisition
A Bristol-based team at Tilney Smith & Williamson, the leading wealth management and professional services group, which is re-branding to Evelyn Partners in the summer, has advised SafeLane Global on its acquisition of Raeburn Group’s drilling and site investigation business.
SafeLane, based in Ross-on-Wye, acquired a sub-group of five companies from the Raeburn Group in a carve-out transaction.
Marcus Graham and Claire Eggels provided due diligence and advisory services on the deal. Alongside them, Paul Duckworth led the tax team that delivered tax due diligence and advisory services.
SafeLane Global CEO Adam Ainsworth said the company already offered a full range of unexploded ordnance risk (UXO) mitigation services, as well as water borehole, geothermal, geophysical, and engineering services.
“The acquired companies will be added to that unit and will enable SafeLane to offer a turnkey site investigation solution that covers the entire pre-construction phase,” he said.
Rob Hunter, CFO of SafeLane, added: “Marcus, Claire and Paul drew clear conclusions from complex information, understood the key transaction dynamics and gave valuable and pragmatic advice - in addition to their insightful analysis, Tilney Smith & Williamson’s less formal role as a sounding board during the transaction process was greatly appreciated by the SafeLane team.
The Tilney Smith & Williamson team was personable and professional and was invaluable in reaching a successful outcome.”
Marcus Graham, who heads Tilney Smith & Williamson’s Transaction Services team in Bristol, added: “We are delighted to have advised SafeLane on this strategic transaction, which they completed with professionalism and enthusiasm – we look forward to working with them again in the future.”
