HitecVision exits Noble Denton

HiTecVision has exited its investment in marine and engineering consultancy service Noble Denton through a trade sale to international technical assurance business Germanischer Lloyd for an undisclosed sum.

In 2006, HitecVision and investment company Ferncliff backed the management buyout of the company in exchange for a 60% equity stake, with management holding the balance. Over the course of the investment Noble Denton tripled its turnover to £100m in 2008, and quadruple its EBITDA to £20m for the same year.

London-based Noble Denton offers a range of marine and offshore engineering consultancy services to the global shipping, insurance and energy industries. It was founded in 1904 and employs 900 staff in 14 countries worldwide.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Nordics