Houlihan Lokey Advises Goldman Sachs Alternatives

Houlihan Lokey is pleased to announce that the Private Equity business within Goldman Sachs Alternatives (“Goldman Sachs”) has entered into a definitive agreement to acquire a majority stake in Celnor Group (“Celnor”), a fast-growing international built environment-focused testing, inspection, certification and compliance (“TICC”) platform. Houlihan Lokey served as the exclusive buyside M&A advisor to Goldman Sachs in the transaction.

Founded in 2023, Celnor has rapidly grown into a leading platform in the TICC market. Today, the Group supports more than 20,000 clients, employs over 2,750 colleagues across 60 locations and generates annual revenues exceeding £300 million. With a national footprint across the UK and a growing international presence in the US and Europe, Celnor supports customers in meeting increasingly complex regulatory, safety and environmental requirements across the built environment.

The investment from Goldman Sachs will support Celnor’s next phase of growth, accelerating its international expansion strategy, particularly in the United States and Continental Europe, while further strengthening its technology, operational and acquisition capabilities. Celnor will continue to pursue targeted acquisitions, invest in talent and innovation, and support its growing customer base.

Houlihan Lokey served as the exclusive buyside M&A advisor to Goldman Sachs in a deal which exemplifies the continued success of Houlihan Lokey’s dedicated global coverage of the TICC sector.

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