Goldman Sachs acquires Adler & Allan from Sun European

Alongside Adler & Allan’s leadership team, Sun European oversaw the completion of nine strategic add-ons, a business shift from hydrocarbons to renewable energy services, as well as the creation of a new water division, according to a press release.

In a joint statement, Jose Barreto, Partner, and Mihir Lal, Managing Director of the private equity team at Goldman Sachs Alternatives, said: “We see tremendous value creation opportunity for the business via our platform both organically, and through a targeted acquisition strategy both in the UK and overseas with a continued focus on sustainability, climate transition and water.”

Houlihan Lokey, OC&C, KPMG, Weil, Gotshal & Manges and Park Place advised Sun European Partners. Linklaters, EY Parthenon and KPMG advised Goldman Sachs.