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Case studies

CET

Sectors: Business Services

Deal Type: MBO, Current

Transaction Value: £15 million

www.cetgroup.com

Dunedin contact:
David Williams
Giles Derry

 

Overview

We backed the management buyout of CET Group in 2005. CET supplies specialist outsourced services to the construction and insurance sectors. We saw the potential to support a capable team intent on developing the global trend toward highly professional outsourcing to build a business with a leading market position.

Deal Features

We supported the management buyout team, led by Bob Blunden, with £5m alongside £7.5m from HSBC. We have subsequently supported several bolt-on acquisitions which have helped to accelerate growth across the group.

Business Description

The principal activity of the company is providing a range of specialist outsourcing services to the insurance and construction industries. These include

CET Property Assurance  

  • home emergency response

  • claims management

  • subsidence investigations and mitigation

  • and drainage services

CET Infrastructure

  • materials testing

  • environmental and geotechnical investigations

  • and remote asset monitoring

The prospects for the company are encouraging with increased construction and infrastructure investment supporting growth in CET Infrastructure. CET Property Assurance is benefiting from a drive by major insurers to outsource more services to reduce operational costs whilst improving service standards. Consequently CET has invested heavily in IT Systems and Applications alongside a state-of-the-art dedicated call centre to support expansion and ensure continuous service improvement.

CET's perspective

"Dunedin stood out as the team that really took time out to understand our business at the time of the deal. This has subsequently been borne out in their support for, and positive input into, our growth strategy" Bob Blunden, Chief Executive, CET

Sponsors of Megabuyte Top 50 Awards 2016

What people say about us

"Dunedin worked in partnership with the management team to secure the turnaround and growth of the business. Without their support the successful exit could not have been achieved."

Kevin Wilson

Chief Executive, Gardner

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