3sun Group is the UK’s market leading provider of offshore wind installation, inspection and maintenance services to the European renewables market.
Founded in 2007, the business received investment from BGF in 2014 to advance opportunities across Europe.
With offices in the UK and Denmark, the Group now employs over 200 people, with £23m turnover in 2018.
3sun have built a unique platform for continued growth with substantial worldwide market opportunities.
100% share sale to Worley Limited (an Australian listed company with a market cap of c.AUD$7 billion) for an enterprise value of over £20m.
Worley is a worldwide supplier of project and asset services to the global energy, chemical and resource sector.
A strategic acquisition to combine 3sun’s capability in Europe and Worley is financial strength and global presence, to accelerate 3sun’s growth worldwide and Worley is offshore wind strategy.
JDC has been 3sun’s retained adviser of choice for over 12 years.
JDC ran and managed a competitive sales process with strategically selected parties worldwide.
Acted as lead adviser in a confidential process, sourcing the acquirer and then negotiating and managing the deal from inception to a successful completion.
Provided tax planning advice to ensure 3sun shareholders benefited from the most tax effective structure, maximising Entrepreneurs’ Relief.
Norfolk – Head Office
Operations – Europe