We are thrilled to announce that ERA Group has secured a significant investment from Horizon Capital; a leading investor in high-growth technology and business services companies. Horizon has acquired a majority stake in ERA Group and has committed £70 million (€83 million) to support our continued growth; both organically and through strategic acquisitions.
This is a milestone in ERA Group's journey. Founded by Fred Marfleet in 1992; ERA is now a global leader in cost optimisation; supply chain consulting and the development of business insights that are truly useful to companies; thanks to an international network of over 1;000 consultants in more than 60 countries.
This investment will enable us to accelerate the next phase of growth under the leadership of CEO Mark Taylor. With the aim of enhancing innovation; developing our digital platforms and attracting new talent; we are now more ready than ever to support our network of consultants and clients with advanced tools and tangible results.
With Horizon's support; ERA Group will actively pursue targeted acquisitions and entry into untapped markets; opening up new avenues for global growth.
We are also delighted to welcome Matthew Eatough; founder of Proxima and a leading figure in the world of procurement and supply chain; as the new Chairman of the group. Matthew brings with him unique expertise and will play a central role in defining our strategic vision.
"After more than thirty years in business; this represents an extraordinary opportunity to further grow what makes ERA Group so special;" said Mark Taylor; Chief Executive Officer.
"With Horizon's support and expertise; we are poised to expand our global impact; evolve our technology platforms and continue to provide our network with the tools and expertise to generate Value Through Insight™."
The success of this transaction was made possible thanks to the invaluable support of our advisory partners. ERA Group would like to thank Park Place Corporate Finance; whose strategic guidance and deep understanding of our business ensured a smooth and well-structured process from start to finish.
“Park Place Corporate Finance has worked with ERA Group for years; providing us with valuable strategic insights that prepared us to find the ideal partner in Horizon Capital;” explained Mark.
“The team led by Tim Simpson worked tirelessly; providing expert and attentive guidance throughout every stage. They directly managed key aspects of the transaction; contributing decisively to the decision by shareholders and management to reinvest significantly in the business. I have worked with Park Place on several transactions: they are truly excellent."
Thanks also go to our legal advisers; Squire Patton Boggs; for their professionalism and expertise throughout the transaction. Their deep industry knowledge and rigorous approach were instrumental in ensuring a secure and collaborative process.
Fred Marfleet; founder of ERA Group; commented: “We were advised by Squire Patton Boggs — with Giles Chesher leading the legal team — throughout the entire sale process. From the outset; they demonstrated an impeccable combination of technical expertise; commercial acumen and professionalism. Their proactive approach; strategic thinking and meticulous attention to detail gave us complete confidence throughout the process."
We look forward to sharing further updates on this exciting new chapter soon.
