A fast-growing environmental services group is exploring the sale of a £500 million stake to a pension fund as it seeks to benefit from the chancellor’s Mansion House reforms.
Alan Ryder, the founder, chief executive and largest shareholder of RSK, a group generating turnover of £1.2 billion, plans to acquire more than 30 companies a year between now and 2030 as he pursues revenues of £5 billion and profits of £500 million.
He is creating a £1 billion war chest, half of which will come from issuing new shares in RSK, which has a 12,000-strong workforce and is employee-owned. The rest may come from Ares, its debt finance provider, which agreed a £1 billion facility in August 2021.
Ryder, 61, said he was exploring
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