Calash is pleased to announce that it has provided vendor commercial due diligence services to the owners of Wood Thilsted, a global offshore wind engineering consultancy, which has successfully gained a minority investment from Inflexion, a leading mid-market private equity firm.
London-based Wood Thilsted was founded in 2015 and specialises in the design of foundations for some of the largest wind farms globally. The company plays a key role in the energy transition and general trend towards the use of renewable energy.
Wood Thilsted intends on expanding further to meet the strong demand for its services, which include feasibility, development, engineering, installation and operation, supporting the delivery of 8GW of projects across four continents.
Calash provided vendor commercial due diligence to support the private owners of Wood Thilsted in its transaction, including a detailed review of the business activities, service demand from existing and adjacent markets, in-depth customer referencing, a full competitive benchmarking exercise, and an assessment of key growth opportunities.
The Calash team included Iain Gallow, John Corbett, and Callum Evett.
Simon Turner, Managing Partner of Inflexion, commented: “In a relatively short space of time, Wood Thilsted has clearly demonstrated the huge opportunity in offshore wind and is extremely well placed to meet it. We look forward to playing our part in seeing Wood Thilsted reach its potential as its growth is further propelled by the global shift towards sustainable energy consumption.”
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Wood Thilsted is a leading engineering consultancy experienced and specialised in offshore wind from project exploration through to project operation.
Inflexion is a leading mid-market private equity firm, investing in high growth, entrepreneurial businesses with ambitious management teams and working in partnership with them to accelerate growth. Inflexion backs both majority and minority investments, investing £10m to £400m of equity in each deal. Funds advised by Inflexion Private Equity Partners LLP have funds under management of c.£7.1bn.