Assent Building Control Limited has been acquired by Alpina Partners Limited, in a deal advised by KBS Corporate.
Founded in 2005, West Yorkshire-based Assent has grown into one of the UK’s leading building control bodies and has developed a reputation and service second to none.
With an expansive network throughout England and Wales, Assent is one of the most geographically comprehensive inspectors in the industry, with over 40 offices nationwide.
Assent enjoys an enviable client base comprising of numerous blue-chip organisations including architects, construction companies and end users – creating exposure across all property sectors.
Upon instructing KBS Corporate to find an acquirer that could help Assent to continue its growth, whilst also allowing our clients to realise some of the value within Assent, it was quickly determined that a private equity buyer could best match our clients’ objectives – a route they hadn’t previously considered.
Following a competitive bidding process involving several Private Equity firms from both the UK and overseas, Alpina Partners presented a deal that best suited our clients and the company.
Based out of London and Munich, Alpina is a long-term investor, focusing on sustainable value creation and supporting management teams, at board level. Alpina has over €300m in assets under management.
On instructing KBS to find a buyer, Assent hadn’t considered a private equity deal until we highlighted both the long and short term benefits for both the company and their employees. The deal with Alpina allowed our clients to retain a 23% stake within the business, offering them an even larger potential future realisation.
The final deal value between Assent and Alpina will represent a 200% uplift from our clients’ initial value expectations.
Richard Batte, Shareholding Director at Assent, commented, “With Alpina we found the right partner to implement the envisaged growth strategy for our business. We were convinced by the level of professionalism and reliability throughout the transaction process as well as the understanding of our business. We look forward to working together with our partners at Alpina.”