Growth Capital Partners (GCP) has sold Entec, the environmental and engineering consultancy to Amec.
This is the second realisation from GCP’s fund II. The sale generated a 33 per cent IRR and a 3x money multiple. GCP first invested in Entec when it backed an MBO of the business from Northumbrian Water in October 2005.
Entec provides engineering design, project management and environmental assessment to a broad range of markets. The business has 14 offices in the UK and employs 700 staff.