Pinsent Masons advises M Group Services on its buyout by CVC

CVC Fund IX will acquire the business from private equity house PAI Partners. The transaction is expected to complete in Q3 2024.

A team at Pinsent Masons was led by corporate partner Tom Leman and senior associates Joshua Willis and Emma Dawe. Alongside providing corporate and M&A advice, the firm supported M Group Services on a wide range of matters to ensure the success of an extensive vendor due diligence process including commercial contract and HR advice, deploying project management support to ensure the success of the transaction. 

M Group Services has experienced rapid growth since 2018, with total revenues increasing from £1 billion to over £2 billion today. In support of this strategy, the Group has acquired and successfully integrated 14 complementary businesses since 2018. Pinsent Masons has advised M Group Services on each of these acquisitions. 

Commenting on the deal, corporate partner and London office head at Pinsent Masons Tom Leman, said: “We have a longstanding working relationship with M Group Services, from its days as part of Anglian Water all the way through to this sale to CVC. 

“M Group Services’ order book has doubled in size, and it has successfully delivered on a strategy to broaden its service offering and move up the value chain. We look forward to continuing to play a role in driving forward strategic goals that are instrumental to future business growth.

“We are proud to have supported the M Group Services team as the business transitions to the next stage of growth and builds out its capacity to provide essential infrastructure services to the water, energy, transport and telecommunication sectors across the UK and Ireland.”

M Group Services is a leading provider of essential infrastructure services to the water, energy, transport and telecommunication sectors across the UK and Ireland, working with many of the UK’s largest infrastructure companies in over 216 locations across the UK and employing more than 11,000 people.