{"id":512995,"date":"2025-01-23T12:45:05","date_gmt":"2025-01-23T12:45:05","guid":{"rendered":"https:\/\/www.constructionnews.co.uk\/?p=512995"},"modified":"2025-01-23T13:15:10","modified_gmt":"2025-01-23T13:15:10","slug":"lendlease-considering-consulting-arm-growth","status":"publish","type":"post","link":"https:\/\/www.constructionnews.co.uk\/financial\/lendlease-considering-consulting-arm-growth-23-01-2025\/","title":{"rendered":"Lendlease buyer considering consulting arm growth"},"content":{"rendered":"<p>The private equity firm set to buy Lendlease\u2019s UK construction business is looking at expanding its consulting arm, an executive has said.<\/p>\n<p>A senior executive of Atlas Holdings, which announced <a href=\"https:\/\/www.constructionnews.co.uk\/financial\/lendlease-sold-for-35m-to-us-private-equity-firm-02-01-2025\/\">a \u00a335m sale agreement<\/a> with <a href=\"https:\/\/www.constructionnews.co.uk\/contractors\/lendlease\/\">Lendlease<\/a> UK\u2019s parent company this month, told <em>Construction News <\/em>that Lendlease\u2019s consulting business was a clear target for its plans to \u201cgrow where it makes sense\u201d.<\/p>\n<p>They said: \u201cIt\u2019s a small business today but an obvious one to try and grow. It doesn\u2019t need factories or lots of capital, just finding the right people and using them properly.\u201d<\/p>\n<p>The executive also signalled that Atlas is set to inject significant investment into its new purchase, leaving it \u201cat least as well capitalised as it was before and significantly better capitalised than some of its competitors\u201d.<\/p>\n<p>They added: \u201cI don\u2019t think this is something you could buy and do a quick flip. For us to make money on this, we\u2019ll have to own it for a decent period and develop it.\u201d<\/p>\n<p>Lendlease\u2019s UK construction arm will become the fourth construction business in Atlas\u2019 portfolio, the largest of which is Italian facade specialist Permasteelisa. Shortly after it acquired Permasteelisa in 2020, Atlas injected <a href=\"https:\/\/www.constructionnews.co.uk\/financial\/facade-specialist-given-17m-cash-injection-30-03-2021\/\">\u00a316.5m of capital<\/a> to help the contractor after years of losses.<\/p>\n<p>Lendlease UK\u2019s Australian parent company Lendlease Group announced it had reached the sale agreement with Atlas Holdings on 2 January, ending nine months of uncertainty over the UK construction business. Lendlease Group <a href=\"https:\/\/www.constructionnews.co.uk\/contractors\/lendlease\/lendlease-to-pull-out-of-uk-construction-market-28-05-2024\/\">previously announced it would pull out of overseas markets<\/a> in May 2024.<\/p>\n<p>In the sale announcement to the Australian stock market, Lendlease Group wrote that \u201csubstantially all\u201d of Lendlease UK\u2019s employees would transfer to Atlas.<\/p>\n<p>The sale has been <a href=\"https:\/\/www.constructionnews.co.uk\/financial\/government-calls-in-lendlease-purchase-for-scrutiny-10-01-2025\/\">called in for government scrutiny on national security grounds<\/a>. <em>Construction News<\/em> understands it is now being examined by officials under the National Security and Investment (NSI) Act. The call-in is not expected to scupper the acquisition but could delay it slightly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The private equity firm set to buy Lendlease\u2019s UK construction business is looking at expanding its consulting arm, an executive has said. A senior executive of Atlas Holdings, which announced a \u00a335m sale agreement with Lendlease UK\u2019s parent company this month, told Construction News that Lendlease\u2019s consulting business was a clear target for its plans &#8230;<\/p>\n","protected":false},"author":141524,"featured_media":491184,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[552,538],"tags":[],"class_list":["post-512995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial","category-lendlease"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.7 (Yoast SEO v26.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lendlease buyer considering consulting arm growth | Construction News<\/title>\n<meta name=\"description\" content=\"The private equity firm set to buy Lendlease\u2019s UK construction business is looking at expanding its consulting arm, an executive has said. A senior\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.constructionnews.co.uk\/financial\/lendlease-considering-consulting-arm-growth-23-01-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lendlease buyer considering consulting arm growth\" \/>\n<meta property=\"og:description\" content=\"The private equity firm set to buy Lendlease\u2019s UK construction business is looking at expanding its consulting arm, an executive has said. 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