M&A Deal Summary

Phenna Group Acquires Construction Testing

On August 30, 2022, Phenna Group acquired business services company Construction Testing from Palatine Private Equity and Beechbrook Capital

Acquisition Highlights
  • This is Phenna Group’s 1st transaction in the Business Services sector.
  • This is Phenna Group’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2022-08-30
Target Construction Testing
Sector Business Services
Buyer(s) Phenna Group
Sellers(s) Palatine Private Equity
Beechbrook Capital
Deal Type Add-on Acquisition

Target

Construction Testing

Leicestershire, United Kingdom
Construction Testing is a provider of construction testing, geotechnical, structural investigation, calibration, and consulting services nationwide. Construction Testing was founded in 2006 and is based in Leicestershire, United Kingdom.

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Buyer(S) 1

Buyer

Phenna Group

Nottingham, United Kingdom

Category Company
Founded 2018
Sector Business Services
DESCRIPTION

Phenna Group consists of a broad range of testing, inspection, certification and compliance (TICC) businesses currently serving industrial manufacturing, and built environment markets. Phenna Group was founded in 2018 and is based in Nottingham, United Kingdom.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: United Kingdom M&A 2 of 2
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-25 Stroma Group

Wakefield, United Kingdom

Stroma Group offers a fully integrated range of services with exposure to all stages of a building lifecycle, from concept & planning (pre-construction), through construction, and into occupancy. The company offers a one-stop shop for developers, contractors, and individual property owners across the UK. Its ability to provide a complete service solution creates a significant competitive advantage as customers are increasingly recognizing the benefits of working with a fully integrated, sole supplier for all testing and compliance requirements. The business holds market-leading positions in environmental monitoring and performance testing, Approved Inspectors, and certification services. Stroma Group was formed in 2002 and is based in Wakefield, United Kingdom.

Buy -

Seller(S) 2

SELLER

Palatine Private Equity

Manchester, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 570M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Palatine Private Equity is a UK based private equity firm focused on investing in businesses valued up to £50 million. The Firm generally looks to fund profitable, cash-generative companies with strong management teams and established market positions, however, Palatine will also consider turnaround situations. Target sectors include retail/leisure, business outsourcing, financial services, healthcare, and niche manufacturing. Prospective transaction types include management buyouts/buy-ins, consolidations, growth capital financings, and restructurings. Palatine was originally formed as Zeus Private Equity in 2005. The Firm has offices in Bristol, Manchester, and London.


DEAL STATS #
Overall 20 of 26
Sector: Business Services M&A 2 of 4
Type: Add-on Acquisition M&A Deals 8 of 9
Country: United Kingdom M&A 20 of 26
Year: 2022 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-02 Skills Alliance

London, United Kingdom

Skills Alliance is a niche workforce solutions provider for the life sciences, medical device, and animal health sectors. Skills Alliance is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-05 Acora

Burgess Hill, United Kingdom

Acora provides a range of IT support and cloud solutions to help mid-market organizations modernize infrastructure and operate in the digital economy. It offers a full-service suite, from service desk through to cloud transformation and ongoing managed service of cloud applications and infrastructure. Acora is based in Burgess Hill, United Kingdom.

Sell -
SELLER

Beechbrook Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Beechbrook Capital is a private investment firm focused on equity co-investments as well as providing mezzanine financing to lower middle-market companies. Beechbrook focuses its investment activity throughout Europe but can invest globally. The Firm will consider opportunities in a variety of industries. Beechbrook Capital was formed in 2008 and is based in London.


DEAL STATS #
Overall 4 of 4
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: United Kingdom M&A 4 of 4
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-18 United Tooling Solutions

Leicester, United Kingdom

United Tooling Solutions is a industrial supplies and consumables distributor. The business has over 100 years of experience supporting the precision engineering and manufacturing industries. United Tooling Solutions is based in Leicester, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-18 Give Me Cosmetics

Liverpool, United Kingdom

Give Me Cosmetics specializes in hair, body, skincare, and beauty accessories as a social-first beauty brand. Give Me Cosmetics was founded in 2017 and is based in Liverpool, United Kingdom.

Buy -