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| Charterhouse to acquire a majority stake in ERM Environmental Resources Management (ERM), the world's leading environmental consultancy, announces that Charterhouse Capital Partners has agreed to acquire a majority stake in the company as part of a management buy-out from Bridgepoint. Under the transaction, which values ERM at US$950m (approx £585m), Charterhouse will acquire a stake of approximately 65 per cent. The remainder of the shares will be held by ERM Partners whose approval is required for this transaction. The transaction will see the 440 Partners in ERM (including the senior management team) make a substantial reinvestment in the business. The company's structure, which has combined private equity backing with Partner ownership since 2001, means that the 440 ERM Partners both drive and share in the company's success. write your comments about the article :: © 2011 Construction News :: home page |