Inflexion is pleased to announce it has sold its investment in PD&MS Group (“PD&MS”), a multi-disciplined engineering company focused on specialist services for the oil & gas, renewables, and wider energy and industrial sectors, to RSK Group, a global leader in the delivery of sustainable solutions. This exit marks the final exit for Buyout Fund 2010 which has generated total proceeds of £1bn, reflecting a net IRR of 25% making it a top decile fund for its vintage.
During the investment period, Inflexion supported PD&MS as it successfully navigated a challenging market and diversified its revenue stream, including entering the emerging renewables and energy transition market. The firm also worked with Inflexion to complete two complementary acquisitions which added technical capability and enabled PD&MS to enter the sustainability market. PD&MS’s customer base was broadened through this work as well as the securing of significant framework agreements with blue-chip clients.
The team at PD&MS have been tenacious in building their business in a market that has seen numerous challenges over the years. Their diversification and entry into the renewables space makes them well placed for the future, and we wish them all the best.
We are grateful for Inflexion’s ongoing commitment to our business as we have continually adopted to a changing environment and repositioned the business to take advantage of the global energy transition.