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Gerald Edelman has advised Norland Equity Partners Limited on its acquisition of The Combined Services Provider Limited (CSP).
Norland Equity Partners was founded in 2022 by Ola Lawal and is a self-funded search fund focused on the acquisition and subsequent growth of small and medium-sized UK-based businesses.
The acquisition of CSP is the second acquisition made by the equity group in 2023.
Gerald Edelman acted as buy-side adviser to Norland Equity Partners, undertaking financial and taxation due diligence, preparing the post-transaction financial model and providing general advice and support throughout the transaction.
For over 30 years, CSP has been a provider of services to some of the UK’s largest sporting and entertainment venues and events, including Arsenal FC, Chelsea FC, The Wimbledon Championship and The Open Golf, amongst many others.
CSP’s core services include car parking, traffic management, hostile vehicle mitigation solutions, security and stewarding.
William Abell, director at Gerald Edelman, said: “It was a pleasure to advise Norland Equity Partners on this transaction. The respective teams at Gerald Edelman, Norland Equity Partners and CSP worked hard to overcome various hurdles and ensure a successful outcome for all parties. We look forward to seeing CSP continue to grow post-transaction.”
Lawal added: “I would like to thank Carl, Will and the team for their proactive engagement in completing the acquisition of The Combined Services Provider Ltd in August 2023. The GE team helped Norland Equity Partners with the FDD, financial modelling and negotiations.
“In some very difficult negotiations, Carl and Will contributed to a very successful and fair outcome for all stakeholders – they fought hard for me as a client and established a trusted relationship with the vendor’s team by their transparency, openness and empathy at every interaction. This made a significant difference at these key points of negotiation and helped to secure the deal.”
