MML Capital invests in Dalcour Maclaren

UK mid-market private equity firm MML Capital completed a structured minority growth equity investment in Dalcour Maclaren, a specialized land, environmental, and infrastructure consultancy operating across the United Kingdom and Ireland. Partner Mike Reynolds and Investment Director David Collins joined Dalcour Maclaren’s board of directors alongside incoming independent governance, preserving operational continuity with the incumbent leadership team. The investment thesis centers on capitalizing on multi-year secular tailwinds across UK utility and energy infrastructure, driven by grid decarbonization, water sector capital upgrades (AMP cycles), and nationwide fiber rollout programs. Proceeds will fund Dalcour Maclaren’s digital transformation roadmap—accelerating R&D into proprietary geospatial analytics, AI-driven survey workflows, and automated land-rights workflows—while providing dedicated capital reserves to execute programmatic buy-and-build acquisitions in adjacent planning, environmental, and surveying verticals. On the sell-side, Dalcour Maclaren was advised by corporate finance adviser Arrowpoint Advisory, with CIL providing commercial due diligence, RSM executing financial vendor due diligence, and Osborne Clarke acting as legal counsel. On the buy-side, MML Capital was advised by corporate finance advisers Alantra and Winston Taylor, with KPMG conducting financial and tax due diligence, and Queens Tower providing commercial/transaction advisory support.