Renew Holdings plc (AIM:RNWH) acquired Excalon Limited from Michael Kevin O'donnell, Desmond Brian Donnelly for £26 million on June 10, 2024. A cash consideration of £22 million will be paid by Renew Holdings plc. Renew Holdings plc will pay an earnout/contingent payment of £4 million cash. As part of consideration, £26 million is paid towards common equity of Excalon Limited. The initial consideration of £22m has been funded from the Group's existing cash and banking facilities. Stuart Skinner, Kevin Cruickshank, Will Wickham from Numis Securities Limited acted as financial advisors to Renew Holdings plc (AIM:RNWH). Usman Malik, John Whitney, Maria Barnes from Grant Thornton Corporate Finance acted as financial advisors, Adrian Ballam, Rachael Sykes from Ward Hadaway LLP acted as legal advisors to shareholders of Excalon. The selling shareholders were also advised by HW Chartered Accountants and JMW. Walker Morris LLP acted as legal advisor and PricewaterhouseCoopers LLP provided financial due diligence to Renew Holdings plc (AIM:RNWH).

Renew Holdings plc (AIM:RNWH) completed the acquisition of Excalon Limited from Michael Kevin O'donnell, Desmond Brian Donnelly on June 10, 2024.