November 2, 2020

Following the recent acquisition of its second asset, Well-Safe Solutions has secured a significant £26 million investment to fund the next phase of its growth plan.

The further investment into the decommissioning company was led by MW&L Capital Partners, following the group’s initial investment of £66 million in Well-Safe in October 2019.

Well-Safe CEO, Phil Milton, added that the continued support of MW&L and existing shareholders, including the direct investment clients of Stonehage Fleming, would enable the company to bring the Well-Safe Guardian and Well-Safe Protector into operation in the spring of 2021. The company also aims to add further assets to its fleet, supporting a campaign-based approach to decommissioning. Read more…