Hugh James has advised Voltcom on its recent multi-million pound funding boost. Voltcom is the UK’s leading company for design and refurbishment of overhead electricity transmission lines. Greg Williams, Robert Morgan and Rhys Oakley advised Voltcom on it reorganisation and the investment by Beechbrook Capital.
Greg Williams, partner in the corporate and commercial team said:
“We were pleased to advise Voltcom on this strategically important investment which allows Voltcom to capitalise on the opportunities in its market place going forward. We have worked with Voltcom over the past few years on its investments and look forward to seeing the next stage of its growth.”
The funding will provide Voltcom with the working capital to deliver on a £100m order book, explore moving in to international markets as well as strategic bolt on acquisitions.
Voltcom’s managing director, Mark Wright, said:
“Our success in converting to a principal contractor was always anticipated to require significant working capital, a barrier in itself to this transition for other operators. Our valued customers’ expectations need to be fulfilled to the highest standards and we are not in a position to continue to provide engineering and project management to the level expected of a principal contractor.”
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