DLA Piper advises Darwin Group on Kartesia capital investment
DLA Piper has advised the Darwin Group, a Shropshire-based provider of Modern Methods of Construction (MMC) buildings to the healthcare and education sectors, on its fundraising from Kartesia, a European provider of capital solutions for mid-sized companies.
Darwin is one of the UK’s leading providers of offsite modular construction projects. Its innovative, high-specification modular systems are capable of rapid deployment in demanding environments and is well-positioned to continue supporting NHS Trusts in delivering new healthcare facilities across the UK.
Kartesia’s funds will support the management team in delivering its ambitious organic growth plans, including significant further investment in the company’s manufacturing facilities, which is expected to deliver a significant number of new jobs for the local area. Additional growth capital will further accelerate the implementation of management’s strategic plans.
The DLA Piper team was led by Birmingham-based Corporate partner Tim Lake and supported by senior associate Simon Wright, and associates Kirsty Underhill and Tohmev Singh. Manchester-based Finance partner Matthew Christmas led the finance workstream, supported by associate Michael El Gawly.Tim Lake commented:
“The management team at Darwin have worked hard over the years to lay the foundations for future growth, so we are glad to have played our part in helping them secure the backing of such a supportive partner as Kartesia. The funding will provide the team with the additional growth capital to further accelerate the implementation of their strategic plans and we wish them well with the future of the business.”