CFI advised Starc on its sale of a majority stake to Lowery

Cardiff –  CFI acted as the exclusive financial advisor to 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.

Lowery provides civil engineering and cabling services to the rail and power sectors.

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”.

The transaction closed on 2 December 2016.