Bregal Freshstream has invested in British civil engineering company M&J Evans Construction.
The business plans to use the fresh capital to boost its growth in its core Midlands market, as well as expand into other regions of the UK.
The GP invested via its €600m maiden fund, which closed in September 2015 and was backed solely by Bregal Investments. The vehicle focuses on mid-market investments and deploys tickets between €30-100m, targeting companies based in the UK and in the Benelux region.
M&J Evans is the ninth investment made by the fund and follows the acquisitions of handbag brand Radley, specialist contractor Taziker and retail pharmacy chain Juno Health.
Established in 2003 and headquartered in Walsall, M&J Evans is a groundworks and civil engineering company that offers a range of engineering, foundations and external works to the UK house-building sector. The company's customer base includes Barratt Developments, Redrow, Taylor Wimpey, Persimmon and Bellway. It employs 650 people including sub-contractors, and generated revenues of £100m in 2017.
Bregal Freshstream – Giles Marshall (director).
M&J Evans Construction – John Evans (founder, managing director).
Company's most recent funding round in 2018 valued it at £150m, according to press reports
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