Lonsdale's P2 bolts on Certeco

The transaction comes eight months after Lonsdale backed P2's MBO and five months after the business bolted on FS 101.

Following the transaction, the consolidated group will generate revenues of around £30m and have a headcount of around 250, according to a statement issued by Lonsdale.

In order to fund the bolt-on, Lonsdale provided fresh capital from its first institutional fund, which reached its £110m hard-cap in April 2016. The vehicle has made four principal investments and six bolt-on investments to date, and is one third deployed, according to a statement.

Company
Founded in 2002 and headquartered in London, Certeco is a financial-services-focused management consultancy offering project and portfolio management, business analysis, quality assurance, testing and implementation. According to publicly available documents, Certeco generated a turnover of £16m in the year ending in June 2016, with an operating profit of £2.7m.

People
Lonsdale Capital Partners – James Knott (director).
P2 Consulting – Douglas Elliott (CEO).
Certeco – Augusto Negrillo (CEO).

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