Deal Announcement

DC Advised 3i on the sale of ESG to SOCOTEC

01 Mar 2017

ESG is a UK-based, market-leading provider of testing, inspection and compliance (TIC) services focused on infrastructure, built environment and energy & waste

DC Advisory (DC), led by Jonathan Arrowsmith, were engaged by 3i in the summer of 2016 to advise on the sale of the business

DC ran a tailored auction process with information memorandums and vendor due diligence reports distributed to a carefully selected group of potential purchasers

Simultaneously, DC co-ordinated a soft staple financing process by providing prospective lending banks early access to the business and the management team to help underpin the first round bids

Following a highly competitive process, with strategic and financial buyers engaged, ESG was successfully sold to SOCOTEC, a French headquartered player in risk management and performance optimisation

Deal Team

Jonathan Arrowsmith

Managing Director
United Kingdom

Amish Bakhai

Executive Director
United Kingdom

Edward Godfrey

Executive Director
United Kingdom

Ian Sparks, CEO of ESG, commented:
“On behalf of the management team, I would like to thank DC Advisory, led by Jonathan Arrowsmith, for their thoughtful advice and project management skills to help us navigate a complex process. Their access to and knowledge of the buyer universe was instrumental in the successful outcome of this transaction.”

Pete Wilson, Partner at 3i, commented:
“The DC team were outstanding from start to finish. Having taken the time to properly understand the business, they were able to bring real insight into the likely buyers and provide invaluable, considered and clear advice throughout. The commitment of the entire team was phenomenal.”