Calash is pleased to announce that it provided commercial due diligence support to Edinburgh-based investment fund Souter Investments on its acquisition of Premier Hytemp, a provider of turnkey metals and precision engineering solutions for the energy industry.
Souter Investments has agreed terms to acquire the Midlothian-headquartered business to support its next phase of growth and will see Douglas Dawson join Premier Hytemp as non-executive chairman from completion.
Calash’s commercial due diligence focused on assessing the precision-engineered parts business, customer relationships, demand schedule, and market drivers for Premier Hytemp’s key inconel products.
The transaction is subject to customary completion conditions and is expected to close before the end of 2023. Transaction terms have not been disclosed.
“The Calash team was uniquely placed with the right market knowledge and commercial due diligence methodology to properly assess the risks and growth potential of Premier Hytemp. The team provided value-added analysis across critical commodity, supply, demand, and industrial process aspects of the deal to generate exceptional insight which is already being used for strategic and tactical decision-making. They were a pleasure to work within a complex, multijurisdictional transaction.”
John Berthinussen, Managing Director at Souter Investments
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Premier Hytemp is a global leader in the manufacture and supply of precision engineered alloy components for the energy industry, including specialist nickel alloys for use in critical applications across demanding high temperature, high pressure, and corrosive environments. Operating from an international footprint, with facilities in the UK, Singapore, and Malaysia, it is a trusted partner to a range of blue-chip multinational clients.
Souter Investments is the private family investment office of Stagecoach Group co-founder and Scottish entrepreneur Sir Brian Souter. Its focus is on private equity investments, where it invests either on its own or with partners. It also makes selected allocations to quoted markets, real estate, and funds. It has invested over £500m in over 70 companies over the last 15 years.