Industrials

RSK

RSK Group is one of Europe’s leading interdisciplinary engineering and environmental consultancies advising clients on how to manage their land and property assets both cost effectively and in compliance with regulations on health, safety and environmental issues.

May 2015
Investment Date
UK
Country

Business Overview

  • Founded in 1989, the firm now has over 1,000 employees and offices in around 20 countries
  • Provides comprehensive, integrated and solution-led engineering and environmental consultancy services to clients across the energy, infrastructure, oil & gas and construction sectors
  • Headquartered in the UK with significant operations across Europe, Africa and the Middle East
  • RSK is the largest site investigation provider in the UK

 

Investment Thesis

  • Services are seen as essential by its customers – provide answers to their problems and cost-saving opportunities
  • Demand drivers are strong: increasing energy and transport infrastructure expenditure in UK, consistent demand for UK expertise in Middle East
  • Robust business model supported by its scale, variety of services and geographic spread
  • High barriers to entry: services require skilled labour, specialist equipment and accreditations that are difficult and expensive to replicate

 

Origination

  • Direct origination
  • Non-sponsored deal with Permira Debt Managers acting as sole lender
  • High degree of access to business as part of the due diligence process

www.rsk.co.uk