Private investor Rcapital, has today announced the acquisition of James Fisher Nuclear (JFN) from James Fisher & Sons plc. The business has over 30 years’ experience in the UK nuclear sector and has built a strong heritage of design, manufacture, testing and inspection skills, to ensure the efficient and safe operations of many of the UK’s highest profile nuclear decommissioning projects.
Headquartered in Preston, the business operates from six locations around the UK, as well as having a presence close to the decommissioning sites of live projects such as Sellafield and Dounreay. JFN employs over 240 highly skilled workers across the sites.
JFN has a healthy forecast pipeline thanks to the scale of the nuclear decommissioning task ahead. The Nuclear Decommissioning Authority estimates that is will take more than 100 years to complete the UK nuclear clean-up and waste management programme and has a planned expenditure for 2022/23 of £3.65 billion across its 17 sites.
Peter Greenhalgh, Managing Director of James Fisher Nuclear commented: “I’m delighted to confirm that James Fisher Nuclear has been acquired by Rcapital. We look forward to taking the business from strength to strength as it plays its crucial role in dealing with Britain’s nuclear legacy safely and effectively.”
Josie Richardson, Investment Director at Rcapital, said: “James Fisher Nuclear occupies a unique place in the UK’s nuclear decommissioning industry and has a 30-year track record of providing market-leading technical services and expertise to some of the most challenging projects. We are pleased to be supporting Peter and his team as they take the business into a new phase of growth and development.”
Rcapital was advised by Cortus Advisory Group (Financial), Pinsent Masons (Legal) and PHD Property Advisory (Property). James Fisher & Sons Plc were advised by Teneo Financial Advisory Limited (Chris Nichols, Craig Lukins, Dom Young).
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Note to editors Rcapital provides private investment, commercial expertise and hands-on support to transform and grow businesses. Working together with management teams Rcapital focusses on driving performance and delivering results. It prides itself on being more than a growth and turnaround investor, seeing potential in complex situations and working with management teams to share in success.
Since 2004, Rcapital has made 75 portfolio investments from a wide range of industries and geographic spread. Rcapital structures straightforward transactions to meet the needs of sellers, management teams, employees and stakeholders to resolve complex situations. It considers all investment opportunities; typically focussing on SMEs with a turnover between £5m to £200m, investing up to £20m
Contacts Clare Anderson on behalf of Rcapital Partners LLP
Tel: +44 (0)7958 665 883
Email: [email protected]