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Baker Tilly supports management buyout of Cawood Scientific

Baker Tilly Corporate Finance has provided financial advice to Cawood Scientific, the UK’s largest independent provider of analytical testing services to land based industries, which has secured GBP4m investment from NVM Private Equity.



Cawood Scientific operates with two analytical testing companies: Natural Resource Management, based in Berkshire, provides testing capabilities to customers in the agricultural, horticultural, amenity, contaminated land, environmental and waste industries; and Sciantec Analytical Services, based in North Yorkshire, provides analytical testing to a wide range of customers in the animal nutrition and animal health sectors.
 
The deal will support the company to take advantage of opportunities in a number of agricultural and environmental sectors while remaining independent.
 
Nigel Patrick, managing director of Cawood Scientific, says: “Many factors have determined the growth in analytical testing in the field of agriculture and the environment over the years, such as ever-developing EU and national legislation and consumer pressures encompassing food production, animal feeds, the environment and health and safety. As an example farmers are increasingly sophisticated in their approach to farming and understand the advantage of soil testing services to optimise the levels of fertilizer needed for their fields, or ensuring the nutritional level of feeds meet the required levels. The sector as a whole has increased six per cent annually for the past five years and is forecast to continue this growth in the future.”
 
Ian Latham, partner at Baker Tilly Corporate Finance, along with Helen Brocklebank, led the deal.

Latham says: "The successful completion of this deal reinforces the positive outlook for private equity deals in the current market. There is a definite appetite from private equity for investment in well-run businesses. The management buyout is one of several corporate finance deals completed by Baker Tilly in recent months, and the North regional team is currently working on a number of other opportunities.”

Peter Hodson, who managed the deal for NVM, adds: “Cawood is led by an established, successful and committed management team. They have a loyal customer base and increasing opportunities for new contracts across Europe. This company represents an ideal investment for NVM and its funds and we look forward to working with the Cawood team.”

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