International legal practice Osborne Clarke has advised longstanding client and leading private equity investor Synova on its investment in Mecsia, a national provider of compliance-led, technical inspection and maintenance services, to support the next phase of its growth.
Mecsia generates revenues of more than £100m and is growing sales organically at more than 25%, the company employs more than 400 specialist engineers nationally to service its clients' needs.
Synova will support Mecsia's ambitious growth strategy, which is focused on continuing to win market share by delivering the highest level of service to clients, supplemented by strategic acquisitions which expand the Group's technical service capabilities.
The Osborne Clarke team was led by private equity partners Alisdair Livingstone and Chris Yeo, with support from Hannah Stevens and Liz Foley (all corporate / private equity). Other experts from across Osborne Clarke also advised, including Marc Shrimpling and Lucy Paull (competition), Erika Jupe and Bridget Baillie (tax), Lara Flynn (employment) and Tom Bussy, Rebecca Scott and David Morgan (banking and finance).
Commenting on the transaction, Alisdair Livingstone, Synova's client relationship partner said "We were delighted to support Synova in delivering another successful transaction. This is an exciting time for the business and we look forward to supporting it on its next phase of its growth."
Oliver Bevan, Partner at Synova, commented "We are delighted to be partnering with Jon and his management team for the next chapter in the Mecsia growth story. To date the team have delivered market leading performance with unparalleled client service. We look forward to supporting Mecsia's continued vision to transform the technical service market".
Osborne Clarke's corporate team is considered a go-to practice for many companies in the built environment sectors, working with a range of clients from global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.