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

Our Clients

  • Speedy Freight
  • Octopus Ventures
  • Hartley Botanic
  • 57stars
  • IMBIBA
  • Waterland
  • Growth Partner
  • KLAY
  • FPE
  • Rockpool
  • StanChem
  • ECI
  • MitraAI
  • Connection Capital
  • Palatine
  • Teradyne
  • Neighbourly
  • CRU
  • Arete
  • Foresight
  • Ideagen
  • Albion Capital
  • Octopus Investments
  • MPP
  • Shawbrook
  • YFM
  • Penta Capital
  • Capital Croissance
  • Gresham House Ventures
  • BGF
  • Riverside
  • EDM
  • Maven
  • Vertical Meadow
  • NVM
  • EVO Dental
  • Guinness Global Investors
  • Smart Search
  • Total Capital
  • Osprey
  • Agathos
  • Turner

CLIENT TESTIMONIALS

  • We engaged Luminii for Commercial Due Diligence support on one of our recent investments and we were highly impressed with their high-quality report, professionalism, and flexibility. Luminii were able to address our key questions and due diligence requirements against a tight deadline. They conducted a robust primary research programme, consisting of referencing and surveys and we appreciated their timely updates throughout our engagement. Luminii's team is highly collaborative, showcased by how they worked with us as well as the Management team, other advisors, and our lenders, which we appreciated. We would not hesitate to recommend their services and look forward to working with them again in the future.

    Global Private Equity Firm with €20 Billion Assets Under Management

  • To date, the Luminii team have supported us 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 Firm with £4 billion Assets Under Management

  • 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 Firm with £9.1bn Funds Under Management

  • It was great to work with the Luminii team who provided us with clear, focused and thorough commercial insight. Their work was hugely helpful in both assessing the investment opportunity and informing the key focus areas of the growth plan. We appreciated Tina, Ethan and Lushani's support throughout the process and look forward to working with them again.

    Private Equity Firm with £4.5bn+ Assets Under Management

  • Luminii Consulting consistently demonstrate a high level of focus and expertise and have delivered several high quality CDD reports for us across different sectors. Their approach is thorough and professional and has provided us with the evidence and insight needed to support our investment decisions.

    Venture Capital Firm with £1 billion of Assets under Management

  • We engaged Luminii to deliver Vendor Commercial Due Diligence support. From the outset, their team demonstrated a deep understanding of investor priorities, crafting a well-considered scope of work that addressed key industry dynamics and anticipated investor questions. They delivered a high quality VCDD that helped articulate our value proposition, clarify our market positioning, substantiate our competitive differentiation, and validate key assumptions in our business plan. Their collaborative approach stood out, engaging seamlessly with all stakeholders involved, from our management team to the Corporate Finance Advisors, the exiting PE firm and potential bidders. Luminii proved to be a dependable partner, driven by a genuine passion to support us in our journey and their commitment to excellence.

    Risk Management and Intelligence Provider (Vendor Commercial Due Diligence)

  • Luminii’s clear, concise, and easy-to-digest reports have equipped our senior management team with the strategic clarity needed to make critical decisions. Their work has played a pivotal role in driving revenue growth and shaping our long-term strategic direction. Looking ahead, we are excited to embark on our fourth project with Luminii to assess global market opportunities and propel us into the next phase of growth. I highly recommend Luminii to any business seeking insightful, results-driven strategic and value-creation support.

    Luxury Product Manufacturer & Retailer

  • The Luminii team did an excellent job of covering the project objectives set & provided us with invaluable research & information that helped us with our business direction & decisions. They understood our business needs and were thorough, diligent, and offered sound advice. We have since progressed well with market entry & have moved forward with one of their contacts who is now running our office in the target market in Spain. We would certainly recommend them to other businesses looking for support!

    Global Freight Company

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

    Global SaaS Company

  • Luminii provided us with an excellent report which included comprehensive analysis of our market and business alongside clearly articulated actionable post-deal recommendations. The report has been utilised by management post-deal to help inform our 100-day plan as well as the company's wider strategic priorities. Furthermore, it was great to work with a team who were very collaborative and passionate about giving the best value to their clients.

    Leading Leisure Tech Provider