Albion has sold its stake in Hilson Moran Holdings Limited (Hilson Moran), a leading engineering services group in the UK and Middle East, to Tyrens AB (Tyrens), a Swedish technical consultancy. Hilson Moran’s management team will remain as shareholders and the company will continue to operate under its existing brand name. The investment comes on the back of strong growth for Hilson Moran and will enable the business to provide combined MEP and structural engineering services, joining forces with existing Tyrens investment AKTII.
Funds managed by Albion received total consideration over the course of the investment of £12.1m, including interest and debt repayments, representing an investment return of 3.0x the original investment and an IRR of 43%.
Will Fraser-Allen, Deputy Managing Partner at Albion said “Albion has enjoyed a great partnership with Hilson Moran during such an important phase of growth over the last five years. Chris Plummer and his team have developed a leading multi-disciplinary design consultancy for the built environment with potential for further development in the future. The Albion funds have enjoyed an excellent return and joining forces with Tyrens is natural progression for Hilson Moran.”
Chris Plummer, MD of Hilson Moran added, “Albion has been hugely supportive of our development strategy and it has been a pleasure to work with them. We are delighted that the Albion funds have enjoyed a strong return from their investment which is testament to the leading business we have developed.”