Sale to Rina S.p.A

Technology & Services
Sale to Rina S.p.A

Summary

Baird served as the lead financial advisor to Edif Group Limited on this transaction

About

Edif Group Limited (“Edif” or the “Company”), a portfolio company of Phoenix Equity Partners (“Phoenix”), has been acquired by RINA S.p.A ("Rina"), the multi-national Italian testing, inspection, certification and consulting (TICC) services provider for £118.5 million.

Edif is a leading worldwide provider of a diverse range of TICC services that serve to reduce risk, optimize performance and enhance the capability of its clients’ assets. Edif was founded in 2011, and has grown rapidly, with Phoenix’s support, both organically and through acquisitions. Edif is headquartered in London, the United Kingdom, and employs approximately 650 people, together with a further 2,500 associates, in over 20 offices internationally.

Phoenix is an independent private equity fund management business, owned by its executive team. Phoenix’s investment focus is on mid-market, United Kingdom headquartered businesses across a wide range of sectors. Phoenix is headquartered in London, the United Kingdom.

Rina was established in Italy (Genoa) in 1861 as a classification society to meet the needs of the shipping world. Rina has since diversified and today is a multinational provider of testing, inspection, certification and consulting engineering services to organisations in the Energy, Marine, Business Assurance and Transport & Infrastructure markets. Rina is headquartered in Genoa, Italy.

For additional information about this transaction, please contact:

David Silver +44 (207) 667-8216
Joel Cohen +1 (312) 609-4924
John Sun +44 (207) 667-8224
David Steinkeler +1 (312) 609-7019
Technology & Services
Sale to Rina S.p.A
Date
July 2016
Company
Edif Group Limited
Transaction
M&A
Sectors
Technology & Services
Target Location
Europe
Acquiror Location
Europe

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