January 2021

Deal Announcement

PriestleySoundy advised private equity house Apse Capital in connection with its acquisition, from Mears Group PLC (“Mears”), of a majority stake in TerraQuest Solutions Limited (“TerraQuest”), alongside TerraQuest Management.  Mears have retained a small minority stake. The transaction provides a maximum valuation of the TerraQuest business of £72m (before locked box adjustments and on a