SCX Special Projects Holdings Ltd

Elysian Capital II LP is pleased to announce, in conjunction with management, its acquisition and investment in SCX Special Projects Holdings Ltd (“SCX Special Projects”). This represents the eighth platform investment in the Elysian Capital II LP Fund which closed in July 2015 at £250 million.

Based in Sheffield, SCX Special Projects (www.scxspecialprojects.co.uk) is a specialist engineering company providing design and engineering for complex lifting and materials handling and kinetic architecture projects. Founded in 1992, the company built a reputation for providing high quality solutions for materials handling including bespoke cranes for the Royal Navy and the nuclear energy sector. Safety and reliability are absolutely critical in these demanding and challenging environments.

Using their expertise from these lifting projects, SCX Special Projects solved challenges for moving structures and completed the design and supply of Wimbledon’s Centre Court roof in 2005. More recently, it has delivered the roof for Number One Court and the retractable pitch at Tottenham Hotspur’s new stadium.

A strong pipeline of projects exists and, having been predominantly a UK market focused business, SCX Special Projects is now reviewing a significant number of potential overseas opportunities.

CEO Andy Whitworth said:

“We are very excited about the next phase of SCX Special Projects. Our growing reputation, helped by recent high profile projects, has generated significant enquiries especially from overseas, a market we have only recently started to develop. The support of Elysian Capital will allow us to take advantage of the international opportunities that we are now seeing.”

Simon Eastwood, retiring chairman of SCX Special Projects, said: “Having worked with Andy since 1992 and seen the development of SCX into a world leading materials handling and kinetic  architecture business, I am delighted to have found a partner who can help take the business to the next level and, as a continuing shareholder, look forward to its future success.”

James Cunningham, Partner at Elysian Capital said:

‘With its recent flagship kinetic architecture projects at Tottenham and Wimbledon and its longstanding leading position in bespoke materials handling in the nuclear, aerospace and defence markets, SCX Special Projects has demonstrated the quality of its design and engineering work. We are delighted to be working with Andy and his team to take the business forward in the UK and internationally”

 Elysian Capital was advised by KPMG (financial due diligence); Addleshaw Goddard (legal); Aon Group (Insurance); Farrpoint (IT) and Graph (commercial due diligence); SCX Special Projects’ shareholders and management were advised by BHP (corporate finance) and Keebles (legal). Senior Debt and Working Capital Facilities were provided by HSBC UK who were advised by Pinsent Masons.

For further information, please contact:

Andy Whitworth, CEO, SCX Special Projects                               andy.whitworth@scx.co.uk

James Cunningham, Partner, Elysian Capital LLP                      james@elysiancapital.com