Fri, 23 May 2025 | BUSINESS NEWS
Kent-based cost management specialist ERA Group is set to target acquisitions after securing investment from a private equity firm. The group, which provides services including cost optimisations, supply chain consulting and business insights, operates via an international network of over 1,000 consultants across 60 countries.
ERA Group has now secured a £70 million investment from Horizon Capital, in a deal that also sees the private equity firm take a majority stake in the group, marking a new phase of growth under Chief Executive Mark Taylor.
The group now plans to pursue targeted acquisitions and expand into untapped markets as it seeks to create new routes from growth throughout its global network. It is looking to scale its innovation efforts, further develop its digital platforms and deepen its talent pool.
ERA Group Chief Executive Mark Taylor said that the investment from Horizon was “a major opportunity” to scale the group and added: "With Horizon’s expertise and investment, we’re set to expand our global impact, further develop our technology platforms, and continue to empower our network with the tools and insights to continue to deliver Value through Insight.”
Horizon Capital partner Tom Maizel added: "ERA has built a unique global platform with significant white space for further expansion, both organically and through targeted acquisitions. Our investment reflects strong conviction in the opportunity to scale ERA into a global leader in supply chain and cost optimisation."
The deal also sees Proxima founder Matthew Eatough join the business as chairman, bringing significant expertise in procurement and supply chain strategy.
Park Place Corporate Finance provided advice to ERA Group on the transaction, with Taylor saying that the Park Place team “worked tirelessly in providing insightful and experienced guidance throughout the process” and took the lead on “key elements of the transaction that ultimately led to the shareholders and management significantly reinvesting back into the business.”
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