Crestchic is a market leader in the power reliability sector, manufacturing, selling and renting loadbanks and transformers to domestic and international customers all around the world. Crestchic has been listed on AIM since 2006.
Smith Square Partners is pleased to announce that it has advised Crestchic Plc in relation to a recommended cash offer by Aggreko Ltd. The Offer values Crestchic Plc at £122m. Aggreko Ltd is backed by TDR Capital and I-Squared.
The Offer price of 401p per share represents a premium of 41% to the volume-weighted average price for the 60 day period to 8 December 2022, the date of the announcement, and values Crestchic at £122m. The Offer was recommended by the Crestchic Board.