Babcock International Group plc

Canaccord Genuity introduced Babcock to Alstec Group Limited, (a private company, with Gresham a minority investor) in July 2005. After a long courtship Babcock acquired Alstec for a net cash consideration of £44.9mlion. The acquisition was funded from existing banking facilities.

Canaccord Genuity are retained advisors to Babcock and acted as sole financial advisor on the acquisition.