Deal Card: South Bank UK Plc
Our Midlands Transaction Services team has recently provided pre-acquisition financial due diligence services to Isle of Man listed engineering group, Southbank UK PLC ("Southbank"), in respect of AIM - listed Nviro Cleantech plc ("Nviro"). The reverse acquisition included a £4m equity fundraising, with the newly combined entity (renamed Specialist Energy Group plc) admitted to AIM. Nviro is principally engaged in the development and commercialisation of clean technologies, including clean-burning fuels, recycling and contaminant detection. These technologies will complement Southbanks's existing manufacturing business of pumps and motors for use in the oil and gas industry and power generation sectors.
"BDO provided a flexible and focused approach to the work they undertook for us, which clearly demonstrated their understanding of our objectives and their grasp of the commercial issues. The team's proactive and professional handling of the engagement was of great value during the transaction process."
Nick Flanagan, Group Finance Director
