RJD secures marine engineering co-investment

RJD invested through new vehicle RJD Burgess; one of the fund's LPs, F&C Private Equity, backed the deal along with other co-investors.

Company
Based in Dover, Burgess provides ship maintenance, repair, new-build construction and refit services from a number of sites across the south coast, with an additional base in Palma, Mallorca.

Customers include BAE Systems, Babcock International, Canrival and Serco.

The company employs 130 people. In the year ending on 31 March 2014, Burgess generated turnover of £25m.

People
Nicholas Warren is managing director of Burgess Marine. Alex Hay is a partner at RJD.

Advisers
Equity - Osborne Clarke, Mark Spinner (Legal); Mazars, Stephen Millier, Ben Winder (Financial due diligence); Fairgrove Partners, Patrick Woodrow (Commercial due diligence); Arthur J Gallagher, George Minoprio (Insurance due diligence); Continuum, Steve Wycherley (Management due diligence).
Vendor - Reeves & Co, John Cowie (Corporate finance); Brachers, James Bullock (Legal).

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• Topics
• Buyouts
• UK / Ireland
• United Kingdom