Charterhouse Capital Partners invests in SLR Consulting
March 26, 2018
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, said: “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, a 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.