3sun Group

The Business

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.

The Deal

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.

Value Add

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.

Location

Norfolk – Head Office
Operations – Europe

Sector

Renewables

Deal

Trade Disposal

3sun Group Logo BGF Logo

Superb and essential advice and support to land a very attractive deal using the full spectrum of JDC’s lead advisory services. Special thanks to Jon, Jo and Ryan for going above and beyond to get the deal done.

Graham Hacon 3Sun Group