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Warburg Pincus Invests Alongside Macquarie Capital Principal Finance Supporting Further Growth In Premier Technical Services Group global


growth investor, Warburg Pincus, announced


today that it has entered an agreement with Macquarie Capital Principal Finance (“Macquarie Capital”) to jointly acquire a majority stake in Premier Technical Services Group Ltd (“PTSG”), a leader in building compliance services in the United Kingdom (“UK”) – signalling the next phase of the company’s development.


The new investment from Warburg Pincus marks a significant milestone for PTSG as it enters its next phase of growth, allowing and key


the company to focus on continued innovation growth initiatives, while continuing to offer strong


customer service. PTSG is a leading provider of specialist building compliance services, including fire and electrical compliance services, fall protection and façade access services. Headquartered in West Yorkshire,


England, PTSG employs


around 1,400 people across 37 UK sites, servicing more than 180,000 buildings in the UK, across a wide range of industries.


The partnership between Warburg Pincus and Macquarie Capital will support PTSG’s development, providing the firm with additional resources and funding to accelerate its strong organic growth and consolidation strategy – with the goal of occupying a


Paul Teasdale, CEO of PTSG said: “We are delighted


to


have secured this new investment from Warburg Pincus and to have the continued support of our existing partner Macquarie Capital


in our next stage of growth. Together we


will continue to cement our position as a leading provider in the compliance services market and continue to consolidate the sector. We also would like to thank Macquarie Capital for their ongoing guidance and contribution – which sees them re investing in the business to help us reach our full potential.”


Adarsh Sarma, Managing Director, Co Head of Europe at Warburg Pincus said: “We look forward to partnering with Paul and Roger Teasdale and the PTSG management team, alongside Macquarie to expand their suite of solutions and capture untapped growth opportunities in the market.” David Reis, Managing Director at Warburg Pincus added: “Compliance services is a critically important sector and we anticipate the need for such services will continue to grow as regulatory requirements increase. We have been impressed by PTSG’s tremendous track record of growth and with their best in class operating model while keeping its customers at the centre of its strategy.”


greater share of the UK’s compliance services market.


Macquarie Capital acquired a majority stake in PTSG in 2019 in a take private transaction. Since then, PTSG has benefitted from access to Macquarie Capital’s flexible balance sheet funding, which has allowed the company to continue with its ambitious growth strategy,


driven by its founding management team.


Adam Joseph, Head of Private Equity for Macquarie Capital Principal Finance Europe, said: “We are proud of the growth that PTSG has achieved since we began working together and believe there is more to come. I would like to congratulate the entire PTSG team for the fantastic performance they have delivered; we are delighted to continue supporting the company’s ongoing success story and look forward to working with our new partners.”


The transaction remains subject to the approval of antitrust authorities and the financial terms are undisclosed.


Allianz To Move Flagship Manchester Office Into Sustainable Landmark Building


Allianz Insurance is happy to announce that it will move its flagship Manchester office into Landmark, a sustainable building at the heart of the business district, after signing a 10 year lease for the first floor at the St Peter’s Square address.


Designed by architects Squire & Partners, the 13 level Landmark building has been rated excellent for its sustainability, according to the Building Research Establishment Environmental Assessment Method (BREEAM).


Allianz has signed a 10 year lease with real estate management firm Barings for 10,880 square feet on the first floor of Landmark. The office space is being fitted out to reflect Allianz’s new flexible working strategy and will


include features such as


training zones, collaboration areas, as well as a broker zone for intermediaries to utilise when visiting.


Sarah Mallaby, director of broker markets at Allianz, said: “We are looking forward to welcoming brokers to the prestigious Landmark Building. Investing in a flagship office like this demonstrates our commitment to the North.


“Our strategy has always been one of strong broker relationships, which we’ve managed to maintain during the various lockdowns, and we’re happy to soon resume meetings in real life.”


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Over 100 Commercial and Engineering Insurance colleagues, who previously worked in Piccadilly Gardens, will settle in St Peter’s Square later this year, once the fit out works have been completed. Rated excellent according to BREEAM, the Landmark building is equipped with solar panels and electric car charging points, as well as sensors for lighting and taps. It includes storage for recyclable materials and a hub to park and maintain bicycles.


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