Ann: Cardno 2017 Half Year Results Presentation, page-7

Whether we like it or not Crescent own a huge chunk of the company. Not wildly keen on having private equity in charge but they have actually done a lot very quickly. Balance sheet is looking a lot less vulnerable than it was even a year ago. Clearly they want to get the price up and exit the investment at a profit and that pretty much aligns with what I want.