Adelis Equity Partners to acquire majority stake in Newground
Private equity firm Adelis Equity Partners has agreed to acquire a majority stake in Newground, an alliance of specialist consultancies. The investment will support Newground's next phase of growth.
Adelis Equity Partners has entered into an agreement to acquire a majority stake in Newground, a platform that builds and backs specialist consultancies. The investment is intended to provide Newground with increased capacity to develop its existing portfolio companies, add new specialist capabilities, and advance the alliance into its next growth phase.
Newground's existing shareholders will reinvest a significant portion of their stake and will continue to hold substantial ownership in the company. Financial terms of the transaction were not disclosed.
The partnership with Adelis will enable Newground to further its strategy of consolidating independent specialist consultancies. This model aims to offer clients comprehensive solutions by bringing together diverse expertise under a single umbrella.
This acquisition is expected to accelerate Newground's expansion plans and strengthen its market position within the professional services sector.