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Mace Group announces majority investment in Mace Consult from Goldman Sachs Alternatives
Prnewswire· 2025-07-23 15:11
Core Insights - Mace Group has announced a majority investment in Mace Consult by Private Equity at Goldman Sachs Alternatives, aiming to support Mace Consult's goal of becoming a leading independent programme management consultant [1][6] Company Overview - Mace Consult is a key partner in delivering complex infrastructure projects globally, with notable projects including the Hudson Tunnel Project in New York and the New Hospitals Programme in the UK [2][3] - In 2024, Mace Consult generated £687 million (US$859 million) in revenue and employs over 5,200 people across four global hubs: Europe, the Americas, Asia Pacific, and the Middle East and Africa [2][18] Leadership and Governance - Davendra Dabasia will continue as CEO of Mace Consult, with Mark Reynolds appointed as Chair of the new Mace Consult Board [4][8] - A number of Mace Group's shareholders will retain a minority stake in Mace Consult and collaborate closely with Goldman Sachs Alternatives [4] Growth Strategy - The partnership aims to leverage over a decade of double-digit organic growth and expand into major programmes across key markets [5] - Mace Consult plans to pursue strategic acquisitions to enhance its presence in growth markets [5][10] Market Positioning - As an independent entity, Mace Consult is positioned to better support global infrastructure clients and enhance digital solution delivery [9][11] - The investment from Goldman Sachs Alternatives is expected to accelerate Mace Consult's growth trajectory and support critical client outcomes [7][10] Financial Context - Goldman Sachs Alternatives has over $500 billion in assets and has invested over $75 billion in private equity since its inception [13][16] - Mace Group has an annual turnover of £2.79 billion (US$3.49 billion) and employs over 8,100 people globally [18]