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  • Harland and Wolff Heavy Industries Limited (H&W)
Deals:

Harland and Wolff Heavy Industries Limited (H&W)

18 October 2019

Sector

Engineering

Business description

H&W is one of the largest and most versatile heavy industry operators in Europe, supporting the maritime, offshore and renewable sectors. H&W are best known for constructing the Titanic.

Situation

H&W’s parent, Fred Olsen, was placed in to bankruptcy and was no longer able to support its subsidiary investment. A decline in market conditions meant that a new investor was required to support the business during a period of large infrastructure projects in the pipeline being brought to fruition.

BDO Role

BDO’s Special Situations M&A Team was introduced to run an M&A process.

Outcome

Following an extensive sales process BDO delivered a sale out of administration to InfraStrata plc preserving employment and this legacy Belfast heavy engineering infrastructure