Chieftain Group

Chieftain Group plc provides outsourced industrial and engineering support services to clients, specialising in the marine, petrochemical, power, oil & gas and process sectors. Founded in 1979 as an insulation contractor, Chieftain developed organically and by acquisition and established a reputation as a skilled business with an ability to deliver complex projects both to budget and on schedule.

Having been Nominated Adviser and Corporate Broker to Chieftain for a number of years, Brewin Dolphin was retained as Corporate Adviser to conduct an auction process for the sale of the Company and subsequently acted as Adviser on receipt of offers.

Brewin Dolphin worked closely with the management to identify and highlight the Company’s key investment attractions, producing a sales document that would attract high quality potential buyers and achieve the best possible price for exiting shareholders whilst also presenting a sound investment opportunity for a new owner.

Brewin Dolphin identified and approached a number of potential buyers and led the Company through the sales process, including continual support of the independent directors, in assessing the merits of all offers and regular liaison with the Takeover Panel on the Company’s behalf. After an extensive sales process, the directors, with support of Brewin Dolphin, recommended an offer which resulted in the sale of the Company to Redhall Group plc at a valuation that represented a premium of approximately 13.2% to the 12 month average closing price.

The sale secured an exit for shareholders wishing to realise their investment and allowed some of the management team to continue with the business under the guidance of an established parent company.

If you would like to discuss this transaction please call Andrew Emmott on 0845 213 4736.