BlackrockPM

Canaccord Genuity acts as financial adviser on ICG’s investment in Blackrock Expert Services

On 7th August, Blackrock Expert Services (formerly Blackrock PM) (“Blackrock”) confirmed a new partnership with Intermediate Capital Group (“ICG”). ICG is supporting the management team’s buyout of its existing minority investor Dunedin, through the provision of both debt financing and equity investment. The transaction values Blackrock at £161.5m. 

Blackrock is a leading specialist professional consultancy providing high quality expert witness, construction consulting and tribunal services with a distinguished track record of working on iconic and complex construction projects around the world. Blackrock is currently advising on international construction disputes valued at around £125 billion; past projects include the Shard in London and the Burj Khalifa in Dubai. The company was founded in 2009 by experienced programme and construction manager David Barry, and is widely recognised as a market leader in delay and quantum expert witness services. In the next few years, Blackrock expects to continue to grow its talent pool significantly as well as expand both the geographies in which it operates and the suite of services that it provides, while maintaining its high-quality core services offering. 

Canaccord Genuity acted as exclusive financial adviser to ICG and management.