Facing acute time pressure and a severe cash cliff edge, Linbrooke needed a rapid transaction to secure a buyer, protect jobs and preserve an important rail sector supply chain.
The client
Linbrooke was operating in a challenging environment, with significant debt exposure, limited time and mounting pressure to secure a solution. Active in the rail sector, the business required an accelerated process to protect its future and maintain continuity across a critical supply base.
What we did
K3 Deal Advisory delivered a pre-pack sale of Linbrooke to Keltbray, backed by EMK Capital, on a highly accelerated timetable. The transaction involved tight deadlines, a challenging sector backdrop and complex stakeholder considerations. Working through evenings and weekends, the team ran a fast-moving process, generated interest from multiple parties and worked closely with Keltbray and EMK to complete the transaction in less than a month.
The outcome
The transaction secured a successful rescue outcome in difficult circumstances. It saved 140 jobs, preserved a critical supply base for Network Rail, recovered all of Bibby’s construction debt exposure and delivered a significant recovery for Santander. The deal demonstrated K3 Deal Advisory’s ability to execute complex transactions at pace, even under intense pressure.
This was a high-pressure transaction with very limited time, but we were pleased to help secure a buyer, protect jobs and preserve an important supply chain in the rail sector.
Scott Peters of K3 Deal Advisory commented
