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CVC Invests in Ridge as Horizon Capital Exits Stake

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Ridge, a UK multidisciplinary built environment consultancy founded in 1946 and headquartered in Oxford, has seen significant growth under new ownership. CVC has acquired a stake from Horizon Capital, which partnered with Ridge since April 2023. Since 2022, Ridge has grown revenue at a roughly 23 percent compound annual growth rate and more than doubled its workforce, from about 800 people to roughly 1,650 across 16 UK offices.

About 88 percent of its revenue comes from repeat client business. Selective acquisitions have added specialist capability in areas such as data centers, motorsport tracks, masterplanning and project controls, extending Ridge into Wales and the South West of England. Partnering with CVC will let Ridge continue investing in its offering for clients and its people, supporting continued organic growth and acquisitions. "Ridge is a differentiated business characterised by a multidisciplinary offering and strong regional presence, with deep client relationships and substantial runway for continued growth," said Dominic Murphy, managing partner at CVC.

Editor's note: This news brief was produced with the assistance of artificial intelligence.