Acquisition of Elliot Henderson Limited

Lead advisers to Azure Investments in respect of the acquisition of Elliot Henderson Limited, one of the leading independent timber-harvesting businesses in the UK with a fleet of over 60 machines and capacity to harvest in excess of 600,000 tonnes of timber annually.

The acquisition of this business provides the timber-harvesting operation of Azure with capacity to harvest in excess of 1.2 million tonnes of timber annually and provides operating synergies with its existing business, Dick Brothers Limited.