AVONHURST ADVISES THE MANAGEMENT OF PHENNA GROUP ON AGREED INVESTMENT BY OAKLEY CAPITAL

 Avonhurst has advised the management team of Phenna Group, a leading international Testing, Inspection, Certification and Compliance (TICC) platform, on Oakley Capital’s agreed investment in Phenna Group, as well as advising Phenna Group on key corporate and specialist aspects of the transaction. This investment values Phenna Group at more than £1 billion, realising an exit for minority investor, Inflexion. Completion of the transaction is subject to customary regulatory clearance and is expected to occur in the fourth quarter of 2022.

Corporate partner Emmanuel Amos led the Avonhurst team supported by counsel, Joshua Swerner, and a team including Thomas Mawson, Katy Vella, Katja Loncaric and Oliver Elsaesser.

Phenna Group is a global TICC group comprising 31 independent businesses which provide specialist TICC services across infrastructure, built environment, niche industrial, health sciences and certification and compliance divisions. The business operates across 12 countries in four continents.

Emmanuel Amos, Corporate partner, said:

“We are thrilled to have advised Phenna Group’s management team on this agreed investment by Oakley Capital and to have provided extensive corporate and specialist support. This is another exciting step in Phenna Group’s exponential growth story and it’s a privilege to continue support the team with their future acquisition plans.”

Paul Barry, Phenna Group CEO, added:

“We are grateful to the excellent Avonhurst team which provided us with insightful, commercially focused advice at each step of the process. Their expertise and support have been invaluable throughout.”