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Oakley Capital Reportedly Explores Sale of Phenna Group
Private equity firm Oakley Capital is exploring a potential sale of Phenna Group, a provider of testing, inspection, and certification services, according to a report from Bloomberg citing people with knowledge of the matter.
Potential Divestment Details
Oakley Capital is reportedly working with advisers at Goldman Sachs Group Inc. to evaluate the divestment. A potential sale could take place in 2027, according to the sources.
Phenna Group generates annual earnings of approximately £250 million (about $333 million). However, deliberations are at a preliminary stage, and the sources noted that Oakley Capital could decide to retain the business for a longer period.
Background on the Investment
AdOakley Capital first invested in Phenna in 2022. The private equity firm subsequently expanded the business by merging it with CTS Group, a UK-based provider of testing and inspection services focused on the infrastructure industry.
Phenna specializes in the testing, inspection, certification, and compliance (TICC) market. The company serves a variety of essential sectors, including:
- Infrastructure
- Industrial manufacturing
- Food and life sciences
The TICC sector is often viewed as attractive to investors due to its non-discretionary nature and steady demand driven by regulation and quality control standards.
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