We have advised Erisbeg on its acquisition of a majority stake in CHM Group, Ireland's leading traffic management services provider.
CHM Group offers an extensive range of services including traffic management, white lining and motorway maintenance, with notable projects such as the M50 and Terminal 2 at Dublin Airport. The company generated revenues exceeding €28 million in 2023.
Established in 2017, Erisbeg has rapidly built a reputation for investing in high-potential businesses across Ireland and the UK. This transaction marks another significant milestone for Erisbeg following their recent sale of Medray Imaging Systems to UK Private Equity fund LDC. The investment in CHM brings the total number of businesses backed by Erisbeg to 29 across 6 B2B sectors with consolidation and expansion opportunities.
Completion of the transaction is subject to approval from the Competition and Consumer Protection Commission.
Our cross-service team was led by Adam Griffiths and included Dannie Hanna, Ameer Gazder and Emer Travers (Corporate), Trish McCarvill and Madalina Budau (Tax), Andrew Glynn (Banking & Finance), Jo Joyce (Data & Cyber) and Órlaith Molloy, Sarah Kelly and Bríd Kenny (Real Estate).
Adam Griffiths, Corporate Partner and head of our Dublin office commented: “Since its inception in 2017, Erisbeg has completed investments in close to 30 SMEs, with remarkable consistency and success. We are proud to have advised Erisbeg on this particular investment, setting the stage for further growth for CHM Group, which is already the leading player in the market."
Andrew Murphy, partner at Erisbeg said: "We are delighted to have successfully acquired a majority stake in CHM Group. It has been great to work with Adam and the Taylor Wessing team whose deep legal expertise and strategic guidance contributed to the success of the deal. The Taylor Wessing team demonstrated an outstanding level of professionalism and dedication throughout the transaction process, ensuring all aspects were handled with precision and efficiency. We look forward with working with Taylor Wessing again on future transactions."
