Sale Exploration of Phenna Group by Oakley Capital
Oakley Capital, a private‑equity buyout firm, is exploring a potential divestment of its testing and certification services provider Phenna Group, according to Bloomberg reporting that cites people with knowledge of the matter. Oakley has engaged Goldman Sachs Group Inc. (NYSE:GS) to advise on the possible transaction, which could be executed as early as 2027, although the deliberations are described as being at an early stage and Oakley may decide to retain the business for a longer period.
Phenna Group reports annual earnings of approximately £250 million, equivalent to about $333 million. The company’s service portfolio covers testing, inspection, certification and compliance activities across infrastructure, various industrial sectors, as well as food and life‑science industries.
Oakley Capital originally invested in Phenna in 2022. Following that investment, Oakley merged CTS Group – a UK‑based testing and inspection services provider that focused on infrastructure – into Phenna, thereby expanding Phenna’s capabilities in the infrastructure segment.
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