Foot Anstey completes management buy-out deal for Crondall Energy 

National law firm, Foot Anstey LLP, recently concluded a successful management buy-out deal for Crondall Energy Ltd, an independent offshore energy consultancy.

Foot Anstey (legals) and PKF Francis Clark (corporate finance) acted as lead advisors on the management buyout (MBO) process, securing funding and deal structuring. Through an acquisition, the newly established Crondall Energy Holdings company secured all shares of Crondall Energy Ltd. The financial details remained undisclosed.

The team from Foot Anstey was headed by Duncan Sykes, corporate lead Emma Clayton, corporate assistant Emma Robinson, banking partner Emma Earp and banking assistant Michael Bolous.

Founded in 2001, Crondall Energy is a leading independent consultancy providing strategic, commercial and technical services for offshore energy projects using floating and subsea technologies. They specialise in Energy Transition, Offshore Renewables, Floating Production, Subsea & Pipelines, Business Consulting & Technology Development.

Managing Director, Anna-Louise Peters said:

“This is an incredibly exciting and natural next step in Crondall’s evolution.  The management team has seen an opportunity to continue the Crondall Energy brand and legacy, capitalising on the fantastic culture and working environment we have created, and continue our development as an independent consultancy firm.  We believe that the current market environment creates real opportunity for further growth, particularly in the energy transition and renewables spaces, and that has the potential to create exciting career and development opportunities for the whole team, alongside return for the shareholders. 

We have worked with Duncan Sykes and the team at Foot Anstey for many years now, and were delighted that they were alongside again, supporting us through the MBO.  It is always a pleasure working with them, and we look forward to their continuing support as we carry on the Crondall journey.”

Duncan Sykes, Partner at Foot Anstey, who led the multi service team, said: "Foot Anstey has continued to advise Crondall on its exciting growth journey for well over a decade. This has included assistance with various mergers and acquisitions and ongoing legal support. We were delighted to advise on this significant milestone facilitating many key members of the management team securing an ownership stake and ensuring the company is well placed for its future expansion."