Calash is pleased to announce that it has provided commercial due diligence services to H2 Equity Partners on its multimillion-pound investment in Motive Offshore Group (Motive), which specialises in inspection, rental & spooling and engineering for the energy sector.
The investment from London-and-Amsterdam-based H2 is accompanied by an exit from the business by Norway’s EV Private Equity. The deal will support the international growth plans and ambitions of Motive, which aims to generate 75% of its revenue from renewables by 2025.
Calash provided commercial due diligence on the business on behalf of H2, including a detailed review of target’s customer base, a full competitive benchmarking exercise, and an assessment of future growth and M&A opportunities.
The Calash team included Patrick Harris, Carl Barry and James Kirby.
“The Calash team provided invaluable support on our investment in Motive. Its sector knowledge and attention to detail were critical to understanding Motive’s competitive position in a fast-changing energy market.”H2 Equity Partners
Read the full press release Here
Motive Offshore Group Ltd specialises in the design, manufacture, rental, and inspection of marine and lifting equipment. The company comprises three divisions: inspection, rental & spooling and engineering. The company has five global bases, in the UK, Norway, UAE, US and Taiwan, we are active in 48 countries, working within the renewables, oil and gas, and decommissioning sectors.
H2 Equity Partners is a leading Western European investment firm focusing on the United Kingdom, Ireland and the Benelux. The company specialises in mid-sized companies with significant growth or improvement potential, typically in the range of £20 – £500 million.