CVC invests in RIDGE
Context
By acquiring an equity stake in Ridge and Partners, CVC Capital Partners captures a professional services platform generating annual net fee income of while strengthening its portfolio exposure to European technical advisory services. Formally announced on September 17, 2026, the transaction is executed through the CVC Catalyst III fund and orchestrates the full institutional exit of Horizon Capital, which had partnered with the consultancy since April 2023. Under the finalized transaction structure, the existing Equity Partners of Ridge and Partners reinvest alongside the incoming sponsor, retaining significant equity ownership under the partner-led governance framework. At the time of this recapitalization, Ridge and Partners was generating an adjusted EBITDA of , supported by a multi-year compound annual revenue growth rate of approximately 23% achieved since 2022 and sustained by client retention generating roughly 88% repeat revenue. The strategic investment rationale articulated by CVC Capital Partners focuses on deploying institutional resources to accelerate strategic add-on mergers and acquisitions, expand cross-disciplinary service capabilities, and support capacity for complex civil infrastructure commissions. Sell-side advisory execution was managed by Rothschild, which acted as exclusive mergers and acquisitions financial advisor to Horizon Capital and the equity partners of Ridge and Partners. Buy-side legal structuring and transaction counsel for CVC Capital Partners were directed by Latham & Watkins.
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Target
Ridge and Partners is a multidisciplinary built environment consultancy headquartered in Oxford, coordinating planning, engineering, and project management operations across the United Kingdom. Founded in 1946, the partner-led practice delivers technical consultancy covering the full development lifecycle from architectural design and structural engineering to cost planning, project controls, and masterplanning. Operating across an internal network of 16 regional offices extending into Wales and the South West, the multidisciplinary partnership relies on a professional workforce of approximately 1,650 specialists. Commercial mandates serve institutional clients operating within defense and security, life sciences, healthcare, higher education, data centers, and national civil infrastructure. Under the executive direction of Senior Partner Adrian O'Hickey, project teams execute complex technical briefs including motorsport circuits, urban skyline schemes in Manchester, transit works on the Northern Line extension, and commercial energy retrofits for Marks & Spencer.
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REFERENCES
Revenue range: 100M - 200M GBP
EBITDA range: 25M - 50M GBP
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Press release: view release
Target: ridge
Acquirer: cvc