27 Sep 2021 /

Luminii are delighted to have provided commercial due diligence (CDD) support to Foresight Group LLP (“Foresight”) on their investment into Callen-Lenz Associates Limited (“Callen-Lenz”).   

Callen-Lenz was founded in 2007 and initially focused on technical consultancy for aviation research and development. The Company has since developed novel hardware and software products which are sold globally, along with wider design and operational services.

Based near Salisbury, Wiltshire, Callen-Lenz develops, designs and manufactures air vehicles, vehicle components and navigation and communication software for high performance Unmanned Aerial Vehicles (“UAVs”) globally. Callen-Lenz provides a comprehensive range of UAV products, operating within extremely tight tolerances outside pilot sight, and retains relationships and authorisations with UK and international regulatory bodies.

The global UAV market spend in 2019 was $14bn, of which $5bn was spent on civil drones, with forecast growth of 20.5% CAGR to 2024. Callen-Lenz’s customers include a number of UK government agencies alongside multinational corporates.

Foresight’s investment will drive growth and help to scale Callen-Lenz's business through developing and expanding their workforce and increasing investment in manufacturing facilities.

"Luminii are delighted to have supported Foresight on this transaction. This is yet another deal that helps to further strengthen our credentials in the TMT sector. Having completed over 50 projects in technology over the last 2 years, Luminii is certainly building a strong reputation as a go to provider for strategy and commercial due diligence in the TMT space. We wish Foresight and Callen-Lenz's management team continued success for the future." - Lushani Kodituwakku, Managing Director, Luminii Consulting

  • 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