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Oakley Capital Investments Ltd - Investment vehicle - Notes that Oakley Capital Fund V will be investing into Phenna Group, a platform in the Testing, Inspection, Certification & Compliance sector.
Oakley Capital Investments will make an indirect contribution of £70 million.
Company also notes the acquisition by Oakley Capital of CTS Group, a UK infrastructure-focused provider of testing, inspection and geoengineering consulting services. Once both companies are acquired, CTS will become part of Phenna.
‘Phenna Group is exactly the kind of entrepreneurial disruptor that Oakley was founded to support. We are pleased to have been able to help them with the acquisition of CTS Group, one of the pre-eminent testing brands serving UK infrastructure customers. We believe Phenna has the potential to become one of the leading TICC groups in the world and look forward to supporting them to achieve that vision,’ says Oakley Capital Managing Partner Peter Dubens.
Current stock price: 405.00 pence
12-month change: up 15%
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