BDO provided buy-side due diligence support to Inflexion in relation to its investment in Wood Thilsted, a leading global offshore wind engineering consultancy.
Founded in 2015, Wood Thilsted designs the foundations for some of the world's largest offshore wind farms which are a key driver of the global transition to renewable clean energy. The company operates in all the major wind energy markets of the world, providing its services to many of the leading wind developers, and is currently working on three significant wind development projects.
Wood Thilsted is looking to expand further globally to meet strong demand for its services, which include feasibility, development, engineering, installation and operation, supporting delivery of 8GW of projects across four continents.
The funding from Inflexion will support Wood Thilsted to scale and grow internationally as the firm offers an increasing range of services to a growing client base. The market it operates in is benefiting from strong underlying market growth in offshore wind farms of over 20% per annum, supported by government green energy targets.
“We greatly appreciated BDO’s support on this investment, in particular their sector specialist knowledge and agile way of working. We look forward to working with them on future transactions.”
Alice Lawson, Assistant Director, Inflexion