Burges Salmon advises LDC on the sale of its stake in Amberon

Burges Salmon has advised leading private equity investor LDC on the sale of its stake in traffic management provider Amberon

04 December 2018
LDC's sale to H2 Equity Partners, for an undisclosed sum, follows a successful 18-month partnership between LDC and Amberon that resulted in a 23 per cent increase in turnover to £37.5 million. With LDC’s support, Amberon opened six new depots to form a 24 depot network, added 50 vehicles to its 400-strong fleet, and created over 50 new jobs. 
 
Amberon, founded in 2002, is one of the UK’s leading providers of traffic management services, employing over 500 people and providing a full-service offering of safety solutions to support planned and emergency repairs, including barrier repair and installation services.
 
LDC and HSBC provided a £25 million funding package to Amberon in June 2017 to support its growth strategy, leading to a period of rapid expansion for the Devon-based company. 
 
Amberon’s existing management team, led by managing director Terry Musson and commercial director Daniel East, will continue to run the business under H2’s ownership. 
 
Burges Salmon’s corporate team, led by partner Mark Shepherd and director Tim Roberts with support from specialists across the firm, advised on all aspects of the transaction. 
 
Mark says: 'Having advised on LDC’s investment just 18 months ago, we’re delighted to have supported LDC and management on the exit to H2, marking the end of a tremendously successful chapter in Amberon’s growth. We look forward to watching the business continue to flourish under Terry and Dan’s leadership, with H2’s support.'
 

Key contact

Mark Shepherd

Mark Shepherd Partner

  • Head of Private Equity
  • Corporate
  • Healthcare

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