Gambit acts as lead advisor to Starc Limited

Gambit Corporate Finance is delighted to announce that it has acted for the shareholders of Starc Holdings Limited (“Starc”) on its 75% acquisition by Lowery Group Limited (“Lowery”) for a significant undisclosed sum.

Starc is a specialist, leading player in its field for the provision of survey, design, installation, and commissioning of safety critical railway telecommunications services across the UK rail network.

Starc was formed in 2009 by Philip Owen and Julian Tee, both of whom have extensive telecoms experience as well as working closely in the telecoms industry.  Since its establishment Starc has achieved impressive growth and was placed 5th and 8th respectively in the Wales Fast Growth 50 in 2015 and 2016 and in 2015 also won the award for the Fastest Growing Firm in Manufacturing and Engineering.

Frank Holmes, Simon Marsden and Sam Forman of Gambit provided strategic and financial advice to the shareholders, identifying and approaching key strategic buyers of the company, leading the commercial negotiations and project managing the legal and due diligence processes through to successful completion. Legal advice to the shareholders was provided by Tom Kelleher of Capital Law and tax advice was provided by KPMG.

Simon Marsden, Director at Gambit Corporate Finance commented, “Starc is a true market-leading business in its sector.  Phil and Julian have done an outstanding job in growing the business to its current level establishing an unparalleled reputation for delivering solutions to budget, safely and on time matched by its unbending levels of customer service.  In combination with Lowery I am sure the business will go from strength to strength capitalising on the undoubted challenges and opportunities in the UK rail sector”.

Phil Owen, Managing Director of Starc, commented “We started this process over two years ago, aided by our Financial Consultant John Jeffreys of Pulse Limited. Whilst we considered a few firms, we quickly saw that Gambit were a cut above the other corporate finance firms. In addition, John personally recommended them. The whole team at Gambit have been fantastic and helped push us through a number of awkward obstacles. Their drive and the value they have added has been impressive. I wholeheartedly recommend them to anyone undertaking a similar journey”.

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