Jamieson has advised the management team of Ainscough Crane Hire as part of the sale of the business to Oaktree Capital Management.
Ainscough Crane Hire, which has been owned by the private-equity arm of Goldman Sachs Group Inc. and buyout firm TPG since December 2012, is the largest lifting services company in the UK. It operates from 30 depots, with 456 mobile cranes and heavy lift crawler cranes ranging from 10 tonnes to 1,000 tonnes capacity.
Oaktree Capital Management is a leading global alternative investment management firm with particular expertise in credit strategies. The firm was formed in 1995 by a group of individuals who had been investing together since the mid-1980s in high yield bonds, convertible securities, distressed debt, real estate and control investments.
Jamieson Corporate Finance advised CEO Robin Richardson and his management team on the deal, as well as playing a key role in structuring and executing the transaction once terms had been agreed between all parties.