Renew’s acquisition of Clarke Telecom marks fourth deal in a week for Corporate Team

an array of 5 satellite dishes in a row Print news article

30/04/2014

The Corporate Team at Walker Morris has demonstrated its expertise and resources in the deals market having completed four deals in a week.  In the latest transaction the team has advised AIM-listed engineering services group, Renew Holdings, on its acquisition of Clarke Telecom for £17 million.

Clarke Telecom is a £33 million business, focused on providing engineering services encompassing all aspects of wireless telecoms infrastructure delivery, including site acquisition and design, construction installation and site optimisation.

Roy Harrison, chairman of Renew said:

“This earnings enhancing acquisition accords with the Group’s clear strategy of growing its Engineering Services business, where it can secure strong framework positions with major clients in sustainable markets supporting critical UK infrastructure. Clarke Telecom is a leader in a field which is enjoying strong structural growth and broadens Renew’s activities in the Infrastructure market.”

Corporate partner Debbie Jackson who led the team at Walker Morris on the deal said:

“Renew has demonstrated clear management direction and a focussed growth strategy over the last few years resulting in a strong financial performance for the company.  This latest acquisition will help the company continue to achieve those aims and enhance its service offerings.

“Renew’s acquisition is a great example of the growing confidence that is encouraging many organisations that now is a good time for many acquisitions, investments and capital market transactions.  At Walker Morris we have been delighted to experience that first hand and having completed five deals in eight days is testament to the expertise, resources and the reputation the team has established.” 

The other deals the Walker Morris Corporate Team has completed in the last week include: advising the management of Cascade HR on its acquisition by IRIS Software; advising Key Capital Partners on its investment in Hallam Medical; and advising Help-Link UK Ltd on its acquisition of Miller Pattison.

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