Stevens & Bolton LLP has advised the sellers and management team of seismic consultancy firm EPI on its management buyout funded by private equity firm Palatine.
The EPI Group provides consultancy services to the energy industry. Their specialist capabilities, experience and expertise add significant value to their client’s oil and gas exploration programs. EPI’s management team has delivered significant growth in recent years, increasing revenues from £9m in 2009 to £24m in the current financial year. In doing so EPI has become the world’s second largest operator in its market place.
EPI chief executive officer Edward Bowen commented "My team and I are indebted to the Stevens & Bolton team for their unwavering support, sound advice and deal know-how, which has ensured we were able to navigate our way through a complex family exit and a fantastic opportunity for the management team to continue growing this great business".
EPI chief financial officer Richard Bradley said "It has been a real privilege to get to know Joe and Jenny’s team over the last nine months and their loyal support to both the vendors and management team has ensured we successfully concluded our private equity backed management buyout. We look forward to continuing to work together as we carry on building for the future".
The Stevens & Bolton team was led by corporate partners Joe Bedford and Jenny Robertson, supported by corporate associate Mark Smith.