Deal Details: Ledburn Cables has been acquired by Keith Hendrick in an MBO-transaction. Deal consideration was not disclosed.

Ledburn Cables is an Irish owned cable distributor based in Dublin. Prior to the deal it was owned by David Blagburn, Caroline Blagburn, Jack Ledwidge and Pauline Ledwidge. It does not report turnover or EBITDA information. Keith Hendrick is the General Manager of Ledburn Cables, having previously spent 10 years at EWL Electric

Advisers: 
Ledburn Cables:
None mentioned.

Keith Hendrick:
Corporate Finance: Cantwell Corporate Finance led by Paul Cantwell.
Legal: BHSM led by Joe McVeigh.

Renatus Comment: The MBO of Ledburn Cables is a great example of facilitating the retirement plans of an owner while ensuring the business they have grown remains well-positioned for growth into the future. Succession planning was clearly a focus for Ledburn Cables, with Keith Hendrick having been appointed General Manager of the business back in 2022, with the business having been led by Jack Ledwidge and David Blagburn for c. 20 years. As mentioned in our previous comment, the National Development plan will see significant investment in infrastructure, housing and renewable energy, all of which will require high-quality cabling, Ledburn’s core focus.

Press Release

Date: 14/02/2025

LEDBURN CABLES MANAGEMENT BUYOUT

We are delighted to announce that on Thursday the 13ᵗʰ of February, our General Manager/Director
Keith Hendrick, successfully completed a Management Buy-Out to acquire the shares in Ledburn Cables
Ltd held by David Blagburn, Caroline Blagburn, Jack Ledwidge and Pauline Ledwidge and now holds
100% of the shares of the company.
We see this as an extremely positive move for all concerned and secures the companies future
development.

Ledburn Cables was founded by David Blagburn & Jack Ledwidge in 2005 and has grown into a very well
known and respected business in the Electrical Industry.

We are delighted that David Blagburn will remain in his current role of Purchasing and Finance.

We wish Jack Ledwidge a very long and restful retirement, and we remain very grateful for the
efforts he has put in over 20 years to build such a strong and secure business.

We would also like to take this opportunity to thank our customers and suppliers for their support
over the last 20 years and we hope to build on these strong relationships for the next 20 years.
Kind regards,

Keith Hendrick, David Blagburn, Jack Ledwidge.