Environmental consultancy Lanpro Services receives private equity investment
Lanpro Services has obtained new private equity backing from Horizon Capital. The deal was secured with the help of experts from FRP Corporate Finance.
Founded in 2008 Lanpro Services provides planning, environmental and design consultancy services to clients across the UK. Its team is in excess of 130 people, with a vast depth of expertise to deliver excellence on any project. With offices in London, Cambridge, Norwich, Manchester, York, Edinburgh and Bath, it provides analysis, in-depth reporting, ecologically balanced and historically aware decision making.
As the firm looks to grow its offering, it has obtained new private equity backer, Horizon Capital. The investment firm has acquired a majority stake in the business for an undisclosed value, helping Lanpro’s growth plans as it seeks to become one of the largest independent multi-disciplinary environmental planning consultants in the UK within the next five years.
FRP Corporate Finance’s Norwich team, led by partners Dave Howes, Ryan Symonds, director Matt Field and supported by assistant manager Cameron Robertson acted as advisers to Lanpro on this deal. The team worked closely with Lanpro’s leadership team to structure the transaction, before managing the negotiations and then coordinating the due diligence.
Dave Howes, partner at FRP Corporate Finance, commented, “The appetite amongst private equity for high-quality and ready to scale professional services businesses remains strong. Lanpro is a great example of this – it’s a firm with a talented and ambitious management team that has demonstrated an intention to scale nationally. This investment provides the group with the platform, capital and strategic backing needed to accelerate its buy-and-build strategy.”
That strategy has already commenced, too, starting with the acquisition of the 35-strong CarneySweeney. CarneySweeney, which will retain its independent brand, benefit from Lanpro’s resources and investment, supports developers with integrated planning advice to help them demonstrate the impact of their development projects.
Chris Leeming, chairman of Lanpro, added, “CarneySweeney joining the fold is an exciting first step in a much wider growth journey for Lanpro. This investment gives us the scale, resources and momentum to accelerate our plans and continue building a broader, multi-disciplinary environmental planning consultancy… I’m incredibly grateful to Dave and the team at FRP Corporate Finance for helping us to get this deal over the line. Having worked with them before we knew how invaluable their support can be, and it’s now put us in a strong position to pursue our ambitious plans for growing the business.”
