Luminii provides CDD to Foresight on their investment into Callen-Lenz
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
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