Quercus is delighted to announce it has advised the board of Rydon Group Holdings Limited (“Rydon”) on the sale of its regeneration and construction business to a management buy-in team (“Real”) led by Paul Nicholls.
Rydon is one of the UK’s leading regeneration experts. It works closely with local authorities to deliver some of the most prestigious community-focused regeneration projects across London and the South East. Under the leadership of Paul Nicholls, who led the regeneration and residential businesses at United House and Wates respectively, Real will use this solid foundation to develop over the coming years.
Bob Bond, Rydon Group CEO said:
“I am immensely proud and appreciative of the contribution over many years from all of the Rydon team to create an outstanding and highly respected regeneration and contracting business. Under Paul’s leadership and the continued support of the team, Real will continue to deliver a positive impact to local communities. It was a complicated transaction and the advice, commitment and experience provided by Quercus was invaluable in getting the deal done. I am very grateful for their support throughout the process.”
Mark Winkler at Quercus added:
"Transactions in the construction sector are seldom easy and, in this instance, the challenge of transacting during lockdown provided additional complexity. However, we are delighted to have been part of a deal which allows the business to continue to grow and have the capacity to go from strength-to-strength and deliver its exciting growth plans.”