Charterhouse Capital Partners invests in SLR Consulting
SLR Consulting (“SLR”), a leading global environmental and advisory consultancy, announces that it has agreed to partner with Charterhouse Capital Partners (“Charterhouse”), a leading European private equity firm, to support the business in its next phase of growth and development.
The transaction will be implemented by way of a conditional court approved scheme of arrangement by SLR and it is anticipated that completion will take place by mid-2018.
The new partnership with Charterhouse will help drive SLR’s ambitious plans for growth and support the company making new acquisitions, building on SLR’s existing strong position and consolidating the fragmented environmental consultancy industry.
Neil Penhall, SLR’s CEO, commented, “I am delighted to confirm Charterhouse as our new investment partner. We have ambitious plans for further organic and acquisitive growth and development of the business over the coming few years. In selecting Charterhouse, we have a new financial partner who recognises SLR’s unique positioning in the market and has extensive experience in the environmental and advisory services sector. Furthermore, Charterhouse is very keen to support our exciting ongoing acquisition plans. It is very clear we share the same values and a clear vision of what we can achieve together.”
Chris Warren, Partner at Charterhouse, said, “We are excited about partnering with SLR in the next stage of their growth story. We have been very impressed by SLR’s plans and look forward to backing the team. There is a tremendous market opportunity for SLR through both organic and acquisitive growth and we’ll ensure that the company has all the support needed to take advantage of it.”
As part of Charterhouse’s investment, SLR’s management team and other employees will retain a substantial equity stake in the business, while 3i will fully exit its holding in the company.
3i first invested in SLR in 2008, taking over from the company’s previous backer, Livingbridge, which invested in 2004. Neil Penhall added, “I would like to thank 3i for their backing during a period in which SLR has undergone significant transformation into a truly global service provider and their support in making the smooth transition to a new financial partner.”
Information on SLR Consulting
SLR Consulting (“SLR”) provides global environmental and advisory services from a network of offices in Europe, North America, Asia-Pacific and Africa. It specialises in advising clients in the oil and gas, mining and minerals, infrastructure, industry, built environment, and power sectors. SLR has over 1100 employees based in 70 offices around the world.
Information on Charterhouse Capital Partners
Charterhouse is one of the longest established private equity firms operating in Europe.
The firm invests in companies headquartered in Western Europe and works closely with incumbent management teams, backing them and providing active support to drive growth. Charterhouse pursues a highly selective investment approach, partnering with a small number of high-quality companies.
Charterhouse is based in London and is a partnership of highly experienced investment professionals. Since inception Charterhouse has completed over 140 transactions worth an aggregate value of over €50bn.
For further information, please contact:
Nigel Clark, Global Head of Marketing, SLR – firstname.lastname@example.org 07787504959