Charles Russell Speechlys advises the shareholders and management team of Black Rock PM Ltd on the investment by specialist asset manager ICG
Intermediate Capital Group (“ICG”) replaces private equity house Dunedin as the external investor for Black Rock Programme Management Ltd (“Blackrock PM”) and will provide both debt and equity financial support. As a result of the transaction, ICG has acquired a minority stake in the business, with management retaining substantial shareholdings. The transaction places an enterprise value of £161.5m on Blackrock PM.
Blackrock PM is an award winning professional services firm, providing construction consulting and expert witness services for large, international construction and engineering projects. Blackrock PM is currently advising on international construction disputes valued at around £125 billion and past projects include The Shard in London and the Burj Khalifa in Dubai.
David Barry, Principal of Blackrock PM, said: “Charles Russell Speechlys did an excellent job on this transaction. The quality of their advice coupled with the manner in which it was delivered really helped the deal get to the finish line and to achieve a successful outcome for all of the management team.”
Charles Russell Speechlys Corporate Partner, and Head of Private Equity, Malcolm MacDougall commented “Having worked with David and the Blackrock PM team on the previous investment by Dunedin, it was a particular pleasure for us to advise them again in relation to this transaction. We very much look forward to working with the team in future as they enter this next phase of the company’s development.”
The Charles Russell Speechlys team was led by Head of Private Equity Malcolm MacDougall, with finance partner Paul Kay leading on the debt aspects of the deal. Other members of the Charles Russell Speechlys team included Richard Coleman, Emily Davies, Nathan Lightman and Georgina Harris (Private Equity), Bethan Richards (Finance), Robert Birchall (Tax) and Susan Thomas (Employment).
For more information, please contact: Malcolm MacDougall on +44 (0)20 7427 4544 or malcolm.macdougall@crsblaw.com.
Our thinking
Mark Howard
Charles Russell Speechlys advises Content+Cloud on the acquisition of award-winning service provider Azzure IT
Content+Cloud continues its growth journey, this is our 7th successful transaction for them.
Pei Li Kew
Pei Li Kew writes for Pharmacy Business on the link between pharmacy and IP
Pei Li Kew writes for Pharmacy Business on the link between pharmacy and IP
Mark Howard
Charles Russell Speechlys advises Acora on its acquisition of Secrutiny
Charles Russell Speechlys advises Acora on its acquisition of Secrutiny
Nick White
Charles Russell Speechlys advises Symphony Holdings Limited on the sale of its PONY trade mark portfolio for USD $28 million
Charles Russell Speechlys advises Symphony Holdings Limited on the sale of its PONY trade mark portfolio for USD $28 million.
Simon Ridpath
Simon Ridpath featured in the Lawyer’s Hot 100 list
Simon Ridpath features in The Lawyer’s Hot 100 list
Mark Howard
Charles Russell Speechlys advises Europa Oil & Gas (Holdings) plc on its £7m equity fundraising
Europa Oil and Gas is a renewable energy, oil and gas development and production company.
David Savage
David Savage writes for PBC Today on the end of rebated fuel
David Savage writes for PBC Today on the end of rebated fuel
Simon Green
International Bar Association quotes Simon Green on the future of the legal sector in Hong Kong
International Bar Association quote Simon Green on the future of Hong Kong's legal sector
Patrick Chan
Corporate Treasurer publishes Patrick Chan's comments regarding the No Consent Regime
Corporate Treasurer publishes Patrick Chan's comments on the No Consent Regime
Jamie Cartwright
Jamie Cartwright comments on the potential impact of the plastic packaging tax
Jamie Cartwright comments on the potential impact of the plastic packaging tax
David Savage
David Savage quoted in Building Magazine on construction red diesel usage
David Savage comments in Building Magazine on the use of red diesel in the construction industry
Rebecca Burford
Charles Russell Speechlys partners with the Crafty Counsel community
Crafty Counsel brings together in-house legal professionals to share their experiences.
Jonathan Morley
International Business Reports reported on the firm’s involvement advising Battery Ventures on the sale of Forterro to Partners Group for €1 billion
The firm has advised global, technology-focused investment firm Battery Ventures on the sale of Forterro to Partners Group for €1 billion.
David Hicks
David Hicks quoted by FT Adviser on why Succession sold up to Aviva
David Hicks explains that private equity backers have a time horizon for their investments.
Sarah Wigington
How will the new Economic Crime Levy impact residential development joint ventures?
The Economic Crime (Transparency and Enforcement) Bill is being created through Parliament this month.
Michael O'Connor
Explain the rules for disclosure of documents
Michael and Octavia explore the case of Provimi France SAS and others v Stour Bay Company Ltd.
Jonathan Morley
Charles Russell Speechlys is advising Battery Ventures on the sale of Forterro to Partners Group for €1 billion.
Battery Ventures is a the global, technology-focused investment firm.
David Coates
Charles Russell Speechlys advises on the acquisition of the Douglas & Gordon property sales business
Foxtons is a London listed property sales business.
Adrian Mayer
Charles Russell Speechlys advises AgDevCo on $70m of DFI Funding
AgDevCo is a specialist impact investor in African agribusinesses.
Mark Howard
Public Company Update: Winter 2021
Welcome to the Winter 2021 Public Company Update.