July 22, 2019
M&A, Debt advisory
GCA Altium advises the shareholders of Cawood Scientific on its tertiary buy-out supported by Waterland Private Equity
GCA Altium has advised Inflexion Private Equity and the Management Shareholders of Cawood Scientific, the UK’s leading independent provider of analytical testing and sampling services into the agri-food and environmental renewables sectors, on its sale to Waterland.
Founded in 1991, Cawood offers a multi-disciplinary analytical sampling and testing service into the agronomy, livestock, agrochemical and environmental renewables sectors.
Cawood positions itself at the forefront of developments in the agricultural and environmental sectors as testing and data play a key role in quality control, compliance and the long term sustainability of food production. Waterland’s investment will support Cawood’s ambitious plans to continue to consolidate the UK market, whilst entering international markets and creating a specialist agri-focused analytical services platform in both the UK and across Europe.
In March 2017, Managing Director, Nigel Patrick, and Operations Director, Linda Radnor, undertook a secondary buy-out with the support of Inflexion Private Equity. Since then, the Company has continued to develop its offering and established new services. This has been supported by the successful acquisition of three businesses which have broadened Cawood’s breadth of service into adjacent market sectors and geographically as well as meaningfully enhanced scale. The business has also benefitted from investment in technology and data optimisation leading to an improved customer offering and resourcing efficiency.
Nigel Patrick and Linda Radnor said: “Together with Inflexion we are pleased to have accelerated growth at Cawood and entered new market sectors. Cawood is now able to offer a broad range of agriculture and environmental testing services. Looking forward, we are extremely well placed to continue to grow within the markets in which we operate and look forward to partnering with Waterland in doing so.”
Simon Lord, Managing Director at GCA Altium, said: “It has been an absolute pleasure to represent the Cawood business for a second time, and advise both management shareholders in Nigel and Linda as well as Inflexion. The requirement for independent data validation from analytical sampling and testing to support supply chain compliance, quality control and sustainable production in its core markets, means Cawood is fantastically positioned for future growth. The company has found a strong partner in Waterland and I am sure that Cawood’s future will be very exciting. We wish them every success.”
This represents the latest GCA Altium transaction in the Testing, Inspection, Certification and Compliance sector.