Nottingham team advises private equity firm on acquisition

Professionals from the Nottingham office of Browne Jacobson has advised Rcapital on the acquisition of Manchester-based TPG Engineering from AIM-listed specialist engineering business, TP Group plc.

TPG Engineering designs and manufactures large, high-integrity gas and fluid management equipment and other fabricated structures in specialist metals, principally for the oil and gas market.

Founded in 2004, Rcapital is a private equity firm that specialises in helping small and medium-sized companies grow through a combination of private investment and commercial expertise. Since 2004, Rcapital has made over 70 portfolio investments from a wide range of industries and geographic spread.

The Browne Jacobson team comprised Gavin Cummings, Sandra Wong and Matthew Dorman.

Cummings said: “Rcapital has an impressive track record in helping to transform businesses such as TPG Engineering and we are delighted to have advised on their latest acquisition which will help to secure jobs at the firm’s Dukinfield site. It also demonstrates that deals in the mid-market space are still being done, despite the pandemic.”