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Oakley invests in Phenna Group and CTS Group

Oakley Capital’s (Oakley), a pan-European private equity investor, has invested in testing, inspection, certification, and compliance (TICC) platform, Phenna Group (Phenna), in partnership with co-founders Paul Barry (CEO) and David Harrison (CFO) who are reinvesting into the business.

Oakley Capital’s (Oakley), a pan-European private equity investor, has invested in testing, inspection, certification, and compliance (TICC) platform, Phenna Group (Phenna), in partnership with co-founders Paul Barry (CEO) and David Harrison (CFO) who are reinvesting into the business.

The deal for Phenna, which sees Inflexion sell its minority holding, values the business at inver £1 billion.

In parallel, Oakley has also acquired CTS Group (CTS), a provider of testing and inspection services in the UK, focussed on the infrastructure market. CTS will become part of Phenna Group upon completion of both transactions.

Formed in 2018, Phenna has comprises 31 independent businesses which provide specialist TICC services across infrastructure, built environment, niche industrial, pharmaceutical and certification and compliance divisions. The business operates across 12 countries in four continents.

CTS Group is primarily focussed on long term civil infrastructure projects. The business has more than doubled revenues over the last three years through organic growth and targeted acquisitions.

The existing CTS management team will continue to lead the business within the wider group. 

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