Cruden

The Cruden Group, whose core business was in construction and housebuilding, was coming under increasing financial difficulties and selected Bamburgh Capital to examine their strategic options.

Bamburgh Capital identified non-core subsidiary Advante as being a business with potentially high intrinsic value.

At the same time as administrators were appointed to the wider group, Bamburgh Capital advised the Cruden Group on the sale of Advante, its premium, eco-friendly start welfare accommodation business, achieving a successful outcome despite the financial distress of the wider group, achieving an outcome that protected both creditors and shareholders.