Alantra advised the shareholders of Rhead Group, including Chief Executive Nigel Curry and Inflexion Private Equity, on the sale of the business to Costain Group PLC, the engineering solutions provider, for a total cash consideration of £36 million

Jul 2015

Sell-side advisory

Value £36 million

Alantra has advised the shareholders of Rhead Group, including Chief Executive Nigel Curry and Inflexion Private Equity, on the sale of the business to Costain Group PLC, the engineering solutions provider, for a total cash consideration of £36 million.

Rhead, based in Coventry and operating with over 550 people, provides a range of solutions for the lifecycle of infrastructure, construction and asset management programmes, primarily in the UK, for a number of blue-chip customers including National Grid, Wales & West Utilities and BAE Systems.

Costain’s strategy is to focus on major customers spending billions of pounds addressing national needs in energy, water and transportation. Those customers are consolidating their supply chains and are seeking an increasingly integrated service offering from their Tier 1 service providers through larger, longer-term collaborative contracts. Rhead will further enhance Costain’s programme management and advisory capability across all the group’s operations as part of that integrated service offering.