Future Of British Business
RSK Is Seeking £500 Million in Preferred Equity To Fund Growth
- The company had already obtained £1 billion debt from Ares
- RSK has been growing over the years through acquisitions
This article is for subscribers only.
RSK Group Ltd, a UK-based environmental, engineering and technical services firm, is looking for a new investor to provide preferred equity to fund its growth.
The company is seeking proposals for a £500 million ($607 million) raise from third-party sources, according to people familiar with the matter, who aren’t authorized to speak publicly. Preferred equity allows firms to access funding without increasing their debt levels, while for investors it offers the promise of juicy returns — albeit with the risk they’d be toward the end of the line for repayments if the company were to get into trouble.