Livingbridge completes debut Australia deal
UK-based GP Livingbridge has made its debut investment in Australia with a commitment of undisclosed size to project management consulting company TSA Management.
The private equity firm, which opened its Australia office in 2016, typically invests between GBP2-70 million ($3-94 million) in companies with enterprise valuations of up to GBP150 million.
“As an experienced investor in professional services businesses, we have been very impressed by the leadership of TSA and the quality of the organization,” Gareth Young, a managing director at Livingbridge, said in a statement. “TSA has built a talented workforce, specialist experience and long-standing client relationships across a range of infrastructure and property markets.”
TSA focuses on providing independent project-based services to private sector and government clients undertaking major capital works projects. Clients operate across a range of infrastructure and property sectors including road, rail, healthcare, and education.
The company claims to have successfully completed more than 1,000 projects. Staff includes some 150 professionals across offices in Sydney, Melbourne, Brisbane, Canberra, and Newcastle.
Livingbridge is currently investing its GBP660 million Livingbridge VI Fund. It expects to assist TSA with geographic expansion domestically and internationally.
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