Marriott Harrison was pleased to advise longstanding client Chiltern Capital on its acquisition of Batt Cables, one of Europe’s leading electrical cable distributors.
Founded in 1952, Batt Cables is a UK headquartered, global specialist in the management and distribution of electrical cables, serving industries including infrastructure, construction, renewables, offshore, telecommunication and transport.
Former majority shareholder and director Peter Holm, who grew the company from a small, UK-focused distributor into a £200+ million revenue international company, will stay on to assist the company in his capacity as an adviser. Batt meanwhile will continue to be run by its existing management team, with industry expert Jeremy Ling joining the team as Executive Chair. Through this acquisition, Chiltern will continue to be able to help Batt on its growth journey. Joe Bennett, Investment Director at Chiltern Capital, added: “With the pressing requirement for ESG-driven electrification to support countries’ net-zero targets, now is an exciting time to be investing in the sector.”
Joe Bennett commented “We were delighted to work again alongside Jonathan and the team at MH on another significant acquisition for Chiltern Capital. We’re grateful to the team for its continued support and strong commercial advice, which has enabled us to finalise yet another transaction efficiently while achieving a great outcome for all concerned.”
Corporate Partner Jonathan Leigh-Hunt led the Marriott Harrison team comprising David Baverstock, Andrew Ross, Tom Mawson, Troy Featherstone and Ben Cole (Corporate), Brett Israel, Joshua Hartle, Shaun Piesley and Christopher Stacey (Banking), Mark Lavers and Rebecca Patel (Real Estate), Elisabetta Bestetti (Commercial and IP) and Ed Belam (Employment).