22 Mar, 2022
Phenna Group

Phenna Group’s strong growth has continued into 2022 with five new acquisitions completed YTD. These acquisitions have deepened our presence in existing core markets, such as the UK and Ireland, and allowed us to cast an eye to new overseas territories with a more recent acquisition in Singapore.

All of our acquisitions are part of a clear strategy of building out the business’ core operating areas, entering new end-market sectors such as fire, cyber security, HSE and ecology, all whilst strengthening the team and augmenting the platform.

Supported by our minority investment partner Inflexion, I am delighted to announce that we have secured a further £100M debt placement from our strategic partner, Arcmont Asset Management (“Arcmont”). The funding will provide Phenna Group with committed capital to finance near to mid-term acquisition opportunities.

Arcmont is a leading Private Debt asset management firm, providing flexible capital solutions to a wide range of businesses across Europe. With offices in London, Paris, Munich, Madrid, Milan, Stockholm, Luxembourg and New York, the firm manages over €20bn of assets on behalf of a broad range of international institutional investors.

Karthi Mowdhgalya, Partner at Arcmont commented: “At Arcmont, we focus on building long-term partnerships with businesses to support them through different growth and economic cycles. Our latest investment in Phenna Group demonstrates our continued belief in Paul and the team as they continue to implement their exciting growth strategy.”

Paul Barry, CEO, Phenna Group said, “Today’s announcement is further testament to the excellent job my team have done and provides confidence that our strategy remains robust and deliverable. Phenna Group continues to develop at pace and now boasts over 2,000 fantastic employees. By the end of Ql, we will have completed over 30 acquisitions; all targeted high-quality deals designed to complement our strategy, deepen our presence in key sectors and strengthen the platform. The additional funding will help to accelerate the ambitious targets we have set ourselves over the next few years.”

Mark Williams, Partner at Inflexion commented, “Paul’s team in combination with Arcmont have raised the bar for how to scale and develop a global testing, inspection and certification player. We look forward to continuing to support such an industry leader.”

Phenna Group was advised by Eversheds Sutherland.

Arcmont was advised by Ashurst