Hogan Lovells Advises Inflexion Private Equity on the Sale of Rhead Group to Costain Group PLC for £36 million
24 August 2015
24 August 2015 - Hogan Lovells has advised Inflexion Private Equity and Management ("Inflexion"), a leading independent private equity house on the sale of its investment in Rhead Group ("Rhead"), a technical professional services consultancy, to Costain Group PLC ("Costain"), one of the UK’s leading engineering solutions providers, for a total cash consideration of £36 million on a debt and cash free basis.
The main focus of Inflexion's partnership with Rhead was to support the company's acquisitive growth and diversification strategy by broadening its service and sector offering, customer reach and expanding both its national and international presence.
The Hogan Lovells team advising was led by London corporate partner, Keith Woodhouse; with Oliver Vallée (senior associate) and Holly Hirst (associate) assisting.
Commenting on the transaction, Keith Woodhouse, partner in the London corporate practice, said:
"We are delighted to have advised Inflexion, a leading independent mid-market private equity house, on its most recent exit. This deal is another example of the transaction momentum we are seeing in the UK mid-market space, and a trend which we expect to continue over the remainder of the year."