02 Feb, 2021
Inflexion Business Merger Logos

Following US regulatory approval Phenna Group has today announced the completion of its partnership deal with Inflexion. This news is further enhanced with a £125M debt placement with Arcmont Asset Management. The funding will provide Phenna Group with committed capital to refinance existing facilities and to finance near term acquisition opportunities. Significant follow-on capital is earmarked for future growth in order to accelerate the Group’s global M&A ambitions.

Phenna Group is a dynamic group of specialist businesses focused on delivering first class services to the Testing, Inspection, Certification and Compliance sector. In the last few years, the group has acquired 16 businesses providing specialist TICC services to blue chip clients in US, UK, Ireland and Australia.

Paul Barry, CEO, Phenna Group said, “Today’s investment by Inflexion and Arcmont is a great endorsement of how much Phenna Group has developed in a short space of time. Since completing our MBO in April 2019, we are today proud to have close to 630 fantastic employees in our team, helping us to deliver first class services to our customers. The funding will help to accelerate the ambitious M&A targets we have set for ourselves over the next few years.”

The Inflexion investment is being made by their dedicated minority investment fund, Partnership Capital II. Mark Williams, Partner commented, “We are delighted to have gained US regulatory approval, enabling us to complete on the deal first announced in November. Our partnership with Arcmont and Phenna Group is hugely exciting, I look forward to working with Paul, his team and Arcmont to deliver their future plans.”

Arcmont is a global asset management firm with offices in London, Paris and Chicago, managing approximately €15 billion of assets for institutional investors. Karthi Mowdhgalya, Partner commented: “Arcmont’s investment in Phenna Group is consistent with our investment strategy based on lending to attractive European companies that are looking to generate growth in the future. We have followed Phenna Group’s development for some time and are very pleased to be partnering with Inflexion, Paul and his management team as they look to execute their growth strategy.”

Phenna Group were advised by Avonhurst, Eversheds Sutherland, Mazars, Botham Accounting, Steve Nicholls and Arent Fox

Inflexion were advised by Addleshaw Goddard, DC Advisory, KPMG and LEK.

Arcmont were advised by Ashurst