Oil-pipe-and-station

Reverse takeover: EQTEC plc

Paul Blythe
01/12/2023
Oil-pipe-and-station
Acquisition of Eqtec Iberia SL, placing and re-admission to AIM.

Crowe has advised Ireland-based EQTEC plc on its acquisition of Eqtec Iberia SL (Eqtec Iberia), £1.6 million placing and re-admission to AIM on 28 December 2017.

The acquisition allows the refocusing of EQTEC's strategy into the Energy from Waste (EfW) market in the UK and Europe combining Eqtec Iberia's patented gasification technology along with a strong pipeline of projects and solid relationships with some of the global market leaders in the energy sector.

The total consideration of the acquisition was £14 million, satisfied by the issue of ordinary shares in EQTEC.

Crowe's role and team

Crowe acted as reporting accountant on the transaction, with corporate finance partner Paul Blythe leading the capital markets team, assisted by George Lawford.

Client quote

"We were extremely happy with the work performed by the Capital Markets Team at Crowe. We needed the services of an experienced reporting accountant with relevant experience and would have no hesitation in recommending them."

Gerry Madden, Finance Director, EQTEC plc

Our recent deals

Insert Clear Filter Text
loading gif
Manufacturing
Admission: TEK4 Group plc (AIM)
Crowe acted as reporting accountant on TEK4 Group plcv £24.75 million placing and admission to trading on AIM.
Manufacturing
Sale: ABSSAC Ltd
Crowe advised the shareholders of ABSSAC Ltd on their sale to OEM International.
Close up of lock keys
Admission: Chaleit Holdings plc (AIM)
Crowe acted as Reporting Accountant on Chaleit Holdings plc's £2.1 million placing, subscription and admission to trading on AIM.
Oil rig at sunset
Admission: 1947 Oil & Gas PLC
Crowe provided reporting accountant services for 1947 Oil & Gas Plc's acquisition of Renaissance Offshore LLC and AIM admission.
An engineer in a security vest and hat inspecting a site
Sale: Plantexpand Limited
Crowe provided sell-side transaction support to Plantexpand on its sale to Premius Capital.
Woman and man looking at large screen with data
Acquisition: Just Welfare Limited
Crowe acted as financial due diligence and tax due diligence advisors to Acquisan Limited.
Female-worker-with-hi-vis-and-clipboard
Sale: Just Welfare Limited
Crowe acted as lead advisors to the shareholders to Just Welfare Limited.
Blue bridge
Acquisition: Frenkel Topping Group plc
Crowe acted as financial and tax due diligence adviser to Harwood, and also provided tax structuring advice.
person-walking-down-curved-stairs
Acquisition: Astra Holding Group Limited
Crowe provided financial and tax due diligence services to Astra on its acquisition of DNH.
two ladies chatting with laptop
Investment: Ivy House Learning Ltd
Crowe completed both financial and tax due diligence for Ama Capital in respect of this investment in Ivy House Learning Ltd.
Two engineers working on a roof
Investment: Xburo Holdings Limited
Crowe provided Financial and Tax Due Diligence services to Chiltern Capital on its investment into Xburo.
Woman at till with Ipad in shop
Reverse Takeover: Silverwood Brands PLC
Crowe provided reporting accountant services to Silverwood Brands PLC on its acquisition of Balmonds Skincare Ltd and re-admission to the AQSE.
Manufacturing
Admission: TEK4 Group plc (AIM)
Crowe acted as reporting accountant on TEK4 Group plcv £24.75 million placing and admission to trading on AIM.
Manufacturing
Sale: ABSSAC Ltd
Crowe advised the shareholders of ABSSAC Ltd on their sale to OEM International.
Close up of lock keys
Admission: Chaleit Holdings plc (AIM)
Crowe acted as Reporting Accountant on Chaleit Holdings plc's £2.1 million placing, subscription and admission to trading on AIM.
Oil rig at sunset
Admission: 1947 Oil & Gas PLC
Crowe provided reporting accountant services for 1947 Oil & Gas Plc's acquisition of Renaissance Offshore LLC and AIM admission.
An engineer in a security vest and hat inspecting a site
Sale: Plantexpand Limited
Crowe provided sell-side transaction support to Plantexpand on its sale to Premius Capital.
Woman and man looking at large screen with data
Acquisition: Just Welfare Limited
Crowe acted as financial due diligence and tax due diligence advisors to Acquisan Limited.
Female-worker-with-hi-vis-and-clipboard
Sale: Just Welfare Limited
Crowe acted as lead advisors to the shareholders to Just Welfare Limited.
Blue bridge
Acquisition: Frenkel Topping Group plc
Crowe acted as financial and tax due diligence adviser to Harwood, and also provided tax structuring advice.
person-walking-down-curved-stairs
Acquisition: Astra Holding Group Limited
Crowe provided financial and tax due diligence services to Astra on its acquisition of DNH.
two ladies chatting with laptop
Investment: Ivy House Learning Ltd
Crowe completed both financial and tax due diligence for Ama Capital in respect of this investment in Ivy House Learning Ltd.
Two engineers working on a roof
Investment: Xburo Holdings Limited
Crowe provided Financial and Tax Due Diligence services to Chiltern Capital on its investment into Xburo.
Woman at till with Ipad in shop
Reverse Takeover: Silverwood Brands PLC
Crowe provided reporting accountant services to Silverwood Brands PLC on its acquisition of Balmonds Skincare Ltd and re-admission to the AQSE.