Oakley Capital explores sale of Phenna Group testing firm - Bloomberg

Oakley Capital is exploring a sale of testing and certification services provider Phenna Group, according to reporting from Bloomberg, citing people with knowledge of the matter.

The buyout firm is working with Goldman Sachs Group Inc. (NYSE:GS) on the potential divestment, which could take place in 2027, the people said. Phenna has annual earnings of about £250 million ($333 million), some of the people said.

Deliberations are at an early stage and Oakley could decide to keep the business for longer, the people said.

Phenna specializes in testing, inspection, certification and compliance across areas including infrastructure, industrial sectors, food and life sciences.

Oakley invested in Phenna in 2022 before merging CTS Group, a UK testing and inspection services provider focusing on infrastructure, into Phenna.