Caldey Corporate Finance is delighted to announce the sale of Select Environmental Services Limited (“Select”) to CIRQLR Group for an undisclosed sum.
The team at Caldey Corporate Finance led by Adrian Dray and Janine Vitali, advised the Board and Shareholders of Select.
Select is an independent waste management company that provides bespoke commercial waste collection and recycling, with an emphasis on providing its customers with control and flexibility as they work towards their waste environmental goals. Based in Reading, Berkshire, its operations stretch out across Berkshire, Oxford and North Hampshire.
CRIQLR Group is a UK Group growing organically and through acquisitions that processes, treats and recycles commercial and industrial waste. CIRQLR is backed by ICON Infrastructure – an award winning, independent infrastructure investment firm.
Phil Stone, CEO and 50% shareholder of Select, engaged Caldey to provide advice on the financial elements of the deal including navigating through the associated complexities to agreeing the final consideration to be paid to the shareholders.
As well as undertaking this role, Caldey supported Phil and his finance team through all the elements of the due diligence and completion processes.
Phil said, “Though I have sold a business before, I knew I needed expert advice to structure, negotiate and achieve the best outcome. I had established the headline deal with CIRQLR’s CEO David Palmer Jones; however, I was aware there were complexities that needed to be worked through that could have had significant implications.”. He continued:
“From the beginning, it was clear that Caldey was focused and totally committed to achieving Select’s objectives. What also became apparent through the process, was Adrian’s deep knowledge and experience in understanding the financial structuring of a deal, negotiating with the buyer and all of the associated groups of advisers. With Adrian leading, I was confident that we would achieve the best result – and Caldey certainly delivered; however, as important, was Adrian being available at short notice as a sounding board – the opportunity of being able to speak to such an experienced and calm individual in the heat and emotions of a deal was invaluable.”.
Adrian Dray commented “I am delighted that we could pick up the baton of the headline deal Phil had negotiated and guide him and his team through the challenges of the deal to deliver a great result for Phil and his family. Caldey’s sole purpose is to help entrepreneurs and family owned businesses achieve their goals using its unique skills and it is great to have achieved another successful outcome.’.
Contact information:
Adrian Dray
tel. 07711 473 237
email: [email protected]
Janine Vitali
tel. 07949 026229
email: [email protected]