Taylor Wessing Advised Sullivan Street Partners On Its Sale Of Octavius To RSK Group

Taylor Wessing Advised Sullivan Street Partners On Its Sale Of Octavius To RSK Group

Taylor Wessing have advised Sullivan Street Partners, a UK -based mid-market buyout specialist, on its sale of Octavius Infrastructure to RSK Group.

Octavius is one of UK’s the leading civil engineering and electrification transport infrastructure businesses, employing more than 700 people across rail and highways. The company has longstanding relationships with key customers including Network Rail, National Highways, Transport for London, and numerous local authorities.

Sullivan Street acquired the business in September 2021. Under Sullivan Street's ownership, the business has evolved from a predominantly regional contractor in the South of England into a national player, with group revenue increasing from approximately £200m to £350m over four years.

Stated on the transaction, Jonny Bethell, private equity (partner), who led on the transaction, stated: "We are delighted to have supported Sullivan Street Partners once again on their successful exit from Octavius. The business has been transformed under their ownership and we hope this next chapter is also a successful one. "

Layton Tamberlin, co-founder and managing partner of Sullivan Street Partners, stated: "Our journey with Octavius has been a fantastic one. From carving out the business, to executing the organic growth plan and adding additional capabilities through add-ons, the business has been transformed into a national player of considerable scale.

Jonny and the Taylor Wessing team consistently excel in delivering commercially relevant and strategic legal advice and we really value their expertise, guidance and insight on our most significant deals.”

Taylor Wessing team was led by advised Sullivan Street Jonny Bethell (Partner), and Alexandra Poland (Senior Counsel), and Alice Picton (Senior Associate), and Miranda Robertson (Associate).

The Taylor Wessing wider team advising on the transaction included David Quinlan (Partner), Kourosh Abelehkoob (Senior Associate), and Ellie Stubley (Associate) from Real Estate & Construction; James Ross (Partner) and Melissa Hale (Associate) from Tax & Incentives; and Louisa Penny (Senior Counsel) from Competition.

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