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Inflexion sells Rhead Group to Costain Group PLC

Inflexion is delighted to announce the sale of its Partnership Capital investment in Rhead Group (Rhead), a technical professional services consultancy, to Costain Group PLC (Costain), one of the UK’s leading engineering solutions providers in a transaction valued at £36m.

Acquisitive growth and diversification were the focus of our partnership. Inflexion supported four transformational add-on acquisitions broadening Rhead’s offering, customer base and strengthening both its national and overseas presence. During our partnership with Rhead, Inflexion worked closely with the management team introducing a highly experienced Chairman, as well as undertaking a digital audit to identify areas of improvement in systems and processes, aiding efficiency and assisting in the hire of a new Information Technology Director.

Simon Turner, Managing Partner at Inflexion commented “It has been an exciting year for Inflexion thus far, transaction momentum remains strong and we are delighted to announce our sixth exit. We have enjoyed an active partnership with the Rhead team. The company is now a diversified business and well-placed to succeed as part of Costain Group PLC.”

Nigel Curry, CEO of Rhead Group commented “Our partnership with Inflexion supported Rhead in acquiring four complimentary businesses, diversify our service and sector offering, and broaden our reach. Rhead’s highly skilled and committed team now work across a wide range of sectors and markets. We look forward to the next phase of development as part of Costain.”

The sale process was led by Malcolm Coffin.

Rhead

In June 2011, Inflexion provided minority capital to professional services firm Rhead Group to back acquisitive and international growth. Four years later Costain Group plc acquired Rhead.

Contact

Sarah Gestetner

Communications and Marketing Director

T. +44 (0)20 7487 9820

E. sarah.gestetner@inflexion.com