Foresight invests in Graham + Sibbald and supports key acquisition
Foresight Group (“Foresight”) a leading regional private equity manager, has announced an investment into Graham + Sibbald, one of the UK’s fastest growing firms of chartered surveyors and property consultants.
Its 270 people offer independent advice to many of the country’s leading companies, including financial institutions, public sector bodies, and residential and commercial property investors and developers.
Graham + Sibbald has grown impressively in recent years and sees an opportunity in a fragmented market to accelerate growth further.
The investment will see Graham + Sibbald transition from a traditional partnership to a corporate structure and provide a platform for acquisitions, new offices and key lateral hires. The funding has already financed an acquisition of leading property consultancy Aitchison Raffety, accelerating Graham + Sibbald’s growth in England. This acquisition creates a combined business of more than 370 employees operating out of 26 locations and increases Graham + Sibbald’s revenue from £25m to approximately £35m per annum.
PMSI provided CDD to support the transaction, addressing key investment themes including: a detailed market analysis; an assessment of cross-sell opportunities and office roll out; as well as an overview of the competitive landscape and a high-level M&A growth strategy.