Charterhouse Capital Partners will take a majority stake in Environmental Resources Management (ERM) as part of a management buy-out from Bridgepoint.

Under the deal, which values ERM at about £585 million, Charterhouse will own a stake worth approximately 65%.

ERM’s group chief executive, John Alexander, said: “We are pleased Charterhouse shares our vision for the future growth of this company as we enter an exciting new stage of our development.

“With the strong commitment both from our partners, whom I believe to be the best in the field, and Charterhouse as a financial partner, we look forward to building on that performance and expanding our business in a market with very strong growth fundamentals.”

Charterhouse founding and senior partner, Stuart Simpson, added: “The company has grown to a size and leading market position that makes this the ideal time for Charterhouse to make an investment in the significant growth potential of this world-class business.

“We are excited to be working with John Alexander and the ERM team during this new phase of global expansion of ERM.”

The remainder of the shares will be held by ERM’s 440 partners, whose approval was required for this transaction.

Luke Walsh

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