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New Deal


Announced

Completed

Rcapital completed the acquisition of Patrick Parsons.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Completed

Engineering Consulting

Acquisition

Domestic

United Kingdom

Friendly

Private

Majority

housing developer

Single Bidder

Synopsis

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Rcapital, a private investment firm, completed the acquisition of Patrick Parsons, a provider of multi-disciplinary engineering consultancy services. Financial terms were not disclosed. "We have a new partner and investor in Rcapital, which puts us in a strong position financially and provides significant momentum behind our ambitious growth strategy and plans for the future. I am very pleased that the growth strategy is already paying dividends with the business performing well, and levels of secured work have already returned to pre-pandemic levels. We have also secured some fantastic new mandates and have more opportunities in the pipeline,” Gail Bamforth, Patrick Parsons CEO.

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