M&A Deal Summary

Rina Acquires Edif Group Management

On May 24, 2016, Rina acquired business services company Edif Group Management from Phoenix Equity Partners for 119M GBP

Acquisition Highlights
  • This is Rina’s 2nd transaction in the Business Services sector.
  • This is Rina’s largest (disclosed) transaction.
  • This is Rina’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2016-05-24
Target Edif Group Management
Sector Business Services
Buyer(s) Rina
Sellers(s) Phoenix Equity Partners
Deal Type Add-on Acquisition
Deal Value 119M GBP

Target

Edif Group Management

Leatherhead, United Kingdom
Edif Group Management Ltd. is a provider of a diverse range of testing and inspection services for large, industrial clients. Edif’s services reduce risk, optimise performance and enhance the capability of its clients. Signum Technology is based in Leatherhead, United Kingdom.

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Buyer(S) 1

Buyer

Rina

Genova, Italy
Category Company
Founded 1861
Sector Business Services
Revenue 725M EUR (2022)
DESCRIPTION

Rina is a provider of of ships classification, certification, verification of conformity, inspection and testing. Rina was founded in 1861 and is based in Genova, Italy.

DEAL STATS #
Overall 3 of 4
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 3 of 4
Country (United Kingdom) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-07 QIC

Tomball, Texas, United States

QIC, Inc. is a provider of 3rd party inspections for the oil and gas industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-23 Patrick Engineering

Lisle, Illinois, United States

Patrick Engineering is an engineering consultancy company active in Infrastructure, Transport and Renewable Energy. Patrick Engineering was founded in 1979 and is based in Lisle, Illinois.

Buy -

Seller(S) 1

SELLER

Phoenix Equity Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Phoenix Equity Partners is a mid-market private equity firm that funds management buyouts and buy-ins, and provides expansion capital for UK-based companies. Phoenix looks for opportunities valued up to £200 million. Target sectors include consumer, leisure, retail, financial services, healthcare, education, media, transportation/logistics, and business services. Phoenix Equity Partners was formed in 2001 and is based in London.

DEAL STATS #
Overall 23 of 42
Sector (Business Services) 2 of 6
Type (Add-on Acquisition) 6 of 15
Country (United Kingdom) 21 of 40
Year (2016) 2 of 6
Size (of disclosed) 10 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Ashtead Technology

Westhill, United Kingdom

Ashtead Technology is a provider of subsea equipment and services to the offshore oil and gas industry with a strong customer base built on trust and quality. With offices in the UK, Houston, and Singapore, Ashtead is focused on delivering cost savings and value-added services to its customers. Ashtead Technology was founded in 1985 and is based in Westhill, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Palletways Group

Lichfield, United Kingdom

Palletways Group is a provider of less-than-full load palletised freight logistics. Palletways contracts with approximately 250 independent delivery businesses (members) to organise and distribute small consignment loads of palletised freight.

Sell £163M
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