Luminii provides CDD to Total Capital Partners on their £17m investment into PCML

14 Jan 2021 /

Luminii are delighted to have provided commercial due diligence (CDD) support to Total Capital on their £17m investment into Precise Component Manufacture Limited (“PCML”), a precision engineering business. 

Utilising its single source funding model Total Capital is providing £17m of equity and debt and will take an 85% equity stake in the business whilst facilitating the exit of retiring shareholders.

Headquartered in Cambridgeshire and with five manufacturing sites in East Anglia, PCML provides rapid-turnaround manufacturing of complex custom components and assemblies to clients in R&D intensive industries, with an increasing focus on the bio-tech and medical sectors. The business has doubled in size in the last four years with turnover increasing from £6.5m in 2016 to £13m in 2020.

Total Capital Partners plans to further accelerate the growth of the business by making targeted acquisitions and strengthening its core activities, accreditations and market share in the bio science, medical, scientific equipment and high tech industrial sectors. PCML’s strategic aim is to become the UK’s leading biomedical science manufacturing hub.

"Luminii are delighted to have supported Total Capital on this transaction. This deal helps to further strengthen our credentials in the industrial and manufacturing sectors in which Luminii is certainly building a strong reputation as a go to provider for strategy and commercial due diligence. We wish Total Capital and PCML's management team continued success for the future." - Lushani Kodituwakku, Managing Director, Luminii Consulting

Latest articles

  • To date, Lushani and her team have supported me and Foresight on over 20 deals. They have consistently delivered high quality CDD reports, always against tight deadlines and to above expectation. They offer good value for money. Luminii are quick to understand our needs, offer sound advice and support on complex topics. Their ability to tailor the scope to our needs, focus on the core issues of each project and not being afraid to give their opinion backed by sound research and analysis is a great benefit to us. I would recommend their services without hesitation.

    Private equity investment firm with circa £4 billion of assets under management

  • We were impressed with Luminii. They delivered what they promised; the information was useful and actionable, which is what we were looking for. In addition, they were responsive and timely, and the team liked the way Luminii worked. Would we recommend them if someone called us? We definitely would, with an enthusiastic recommendation.

    Board of Directors of a global SaaS Company, UK

  • Luminii Consulting proved themselves to be a highly flexible and dedicated team who delivered a high quality CDD report in a complex tech sector. They were able to cover a wide scope across multiple geographies to a strict deadline and provided us with the required insight and strategic advice to make an informed decision. We appreciated their effort and enjoyed working with the Luminii team.

    Private equity and venture capital with £9.1bn worth of funds under management

  • Lushani and her team at Luminii delivered a high quality CDD report that exceeded our expectations. We were particularly pleased with the post deal recommendations and informed opinions contained within the report. We wouldn't hesitate to use Luminii's services again on future projects.

    Leading mid- market private equity firm

  • We engaged Luminii Consulting for a very targeted piece of commercial diligence in a very short timeframe. Luminii produced an outstanding report exactly on scope in what is a niche market segment. Moreover they managed to produce it in a very short period of time which was essential to getting the deal done.

    Leading independent investment manager with funds of over £1 billion under management

  • We enjoyed a strong working relationship with Luminii Consulting. Their work went above and beyond the scope of the CDD and offered strategic insight and advice that has since helped us with both our post-deal strategy and business development.

    Leading SaaS provider of Identity & Access Management (IAM) software, IDaaS and Identity API

  • Luminii supported the recent MBO with Foresight Group and Signature Property Finance (SPF), providing strategic insight which has enabled the management team to transform their route to market. The CDD report gives SPF valuable intelligence into the competition; market trends; customer feedback and the opportunities that are within the marketplace. The report has been useful to segment data, share customer feedback with the wider SPF team, enabling them to attack the competition and continue to deliver a quality service to brokers/direct clients. Overall, a really insightful report that gives the Management team really useful intelligence.

    Finance lender providing short term property finance