Zeus acted as Joint Financial Adviser to Thunderball Investments Limited on their £165m acquisition of Lamprell

Zeus is delighted to have acted as Joint Financial Adviser to Thunderball Investments Limited, an acquisition vehicle for joint offerors, AlGihaz Holding Company and Blofeld Investment Management, on their £165m acquisition of Lamprell plc, comprising a £39m offer for the entire issued share capital and a $145m debt financing package.

Lamprell has an established track record as a provider of services to the international energy sector, with over 40 years’ experience delivering high quality projects. It designs, constructs and delivers assets and performs services that help its clients to produce energy safely, efficiently and cost-effectively.

The shareholders of Thunderball Investments have extensive experience in the energy sector and believe Lamprell’s high quality pipeline has the potential to convert into a high margin backlog and believes that the market segments in which Lamprell operates are underpinned by positive long-term fundamentals.

A firm wide effort at Zeus enabled AlGihaz to acquire a significant stake in Lamprell and launch a joint offer within 25 days from Zeus’ first engagement. The international transaction was conducted against a backdrop of financial distress for Lamprell and a mandatory 28 day deadline, necessitating an accelerated timetable which Zeus delivered against.

This deal is the latest in a series of completed public to private transactions for Zeus and has cemented Zeus’ leading position for takeover deals.

Zeus team

Members of the Zeus Investment Banking team included: Nick Cowles, Dan Bate, James Edis and Daniel Phillips.

If you would like further information, please get in touch with our team.

Nick Cowles

Co-Head of Investment Banking at Zeus

“It was a pleasure advising Thunderball investments on this accelerated take private of Lamprell plc. The transaction evolved quickly and we were able to use the different parts of the Zeus team to ensure a first class service and importantly allowing our client to be successful. This is the first time Zeus has advised a Saudi based corporate and we hope this will be the start of more projects in the region.”


If you would like further information, please get in touch with our team.

Nick Cowles Co-CEO+44 (0) 161 393 1977+44 (0) 7881 672 405LinkedIn Scan with your phone camera to add to contacts Download vCard

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