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

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