GCP backs Scopus Engineering with £13m

Andy Inglis and Tom Bryce will continue to be majority shareholders while leading Scopus. GCP will take a minority stake in the business and will have a seat on its board. This investment marked the GP's fourth in nine months.

As part of the deal, John Forrest was appointed chairman of Scopus. Forrest is the former UK head of Canadian oil & gas company Talisman Energy and a former director of Mobil North Sea Ltd.

The fresh capital will support the company's continued ambitions to grow both locally and internationally.

Company
Founded in 1991, Scopus's core activity is conducting precision laser surveys offshore, capturing data for use in engineering and fabrication.

Positioned in the North Sea, Scopus's customers include international oil companies and contractors who use its service to support ongoing construction and maintenance work.

The company has developed operations in Azerbaijan, Malaysia and Brunei. Offices in Abu Dhabi and Thailand are being opened this year.

Scopus has grown by more than 20% per year since 2010. Turnover is expected to reach approximately £18m for 2013. The company employs a total of 180 staff.

People
Kirsty McDonald is an investment director at GCP. Andy Inglis is the founder and director of Scopus. John Forrest is the chairman of Scopus.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• Expansion
• Industrials
• Now researching
• United Kingdom
• Growth Capital Partners (aka Close Growth Capital)