Horizon Capital commits £70m to ERA Group accelerating organic and inorganic growth. The investment is the second to be completed from Horizon Capital III
ERA Group (“ERA”) is a global leader in cost optimisation, insights and supply chain consulting delivered through a network of franchisees globally. Founded in 1992 by Fred Marfleet, ERA has built a strong reputation for delivering high-quality cost reduction insights and programmes to SME customers across the globe. The firm’s success is rooted in a deep understanding of category-specific cost levers and a proven ability to deliver measurable financial impact for clients across a range of sectors. ERA operates across more than 60 countries, supporting over 1,000 consultants and 750+ franchise partners.
Horizon Capital’s investment will support the growth strategy of Mark Taylor, CEO, accelerating the company’s growth through continued investment in people, technology, operational processes, and strategic acquisitions.
Matthew Eatough, the founder of global supply chain consultancy Proxima, joins the Board as Chairman, bringing deep sectoral leadership and experience. Matthew is also a partner in EST Partners, which advises his family investment office, and will be a minority investor in the transaction.
”All the senior management team are excited about the investment and partnership with Horizon Capital. After 30 years in business, ERA Group will now be able to accelerate its growth, greatly enhance its investment in our technology and deliver enhanced cost insights for our clients through our franchisees. Everyone will benefit from Horizon Capital’s expertise and support as we significantly move ERA Group forward in providing even greater value for everyone
Mark TaylorERA Group, Global CEO
”“I am delighted to join the Board of ERA Group in support of an exciting period of growth underpinned by the investment from Horizon Capital which brings expertise and resources to help further scale the business. I have known ERA for many years and I firmly believe that following the investment from Horizon, it will become the clear market leader in this field and deliver substantial growth for investors with great outcomes for clients and franchisees”
Matthew EatoughERA Group, Non-Executive Chairman
”“We are very excited to partner with Mark and the ERA team at such a pivotal stage in the company’s journey. ERA has built a unique global platform with significant white space for further expansion, both organically and through targeted acquisitions. Our investment reflects strong conviction in the opportunity to scale ERA into a global leader in supply chain and cost optimisation. We look forward to supporting the team in delivering the next phase of growth”
Tom MaizelsPartner, Horizon Capital
This transaction marks the second investment from Horizon Fund III complementing our portfolio of 16 high-growth technology services, business services, software and data businesses.
The transaction has unconditionally exchanged and will complete on 30th May.
