ERM
| Location: | Deal size: |
|---|---|
| UK | €483m |
ERM is the market-leading specialist environmental consultancy managing environmental strategy and risk for corporates across the globe. Employing over 3500 consultants in 140 offices in 40+ countries, ERM is unique in its position as being both a pure environmental consulting firm and truly global. The opportunity for Bridgepoint to invest with ERM management in the business arose when the consultancy’s previous institutional investor sought to exit the business in a transaction which subsequently valued the business at $535 million in December 2005.
ERM has a multinational client base and a specialist focus on Compliance Assurance, Contaminated Site Management, Environmental Impact Assessment, M&A, Sustainable Development and Climate Change. Bridgepoint was attracted to the business on several fronts: it is a highly focussed business, unlike some of its more general engineering competitors, and benefits from a highly commercial management team at a time when the environment has moved up the corporate agenda. ERM’s market is driven by regulation, commercial risks and opportunities and reputational issues driven by increasing awareness of the need for a more sustainable approach to development. As the market leader, ERM is ideally suited to address all of these issues.
ERM has continued to grow by increasing market share, expanding its geographical reach and attracting new talent. In order to serve its increasingly multinational customer base and key accounts, the company has invested significantly in its client relationships, people development and infrastructure and has developed new practice areas such as climate change.
The business continues to operate in an increasingly attractive market with strong fundamentals supported by long term structural growth.