Goldman Sachs Alternatives has announced a majority investment through a carve-out in Mace Group division Mace Consult, which aims to become a global programme management consultant.
Mace Consult, known for delivering complex infrastructure projects, will operate as an independent business under this new partnership. Davendra Dabasia will continue to lead as CEO of the business.
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In 2024, the company generated £687m ($930.7m) in revenue and employed over 5,200 people across Europe, the Americas, Asia-Pacific, and the Middle East and Africa.
It is a key partner in significant infrastructure projects, including New York’s Hudson Tunnel Project, the New Hospitals Programme in the UK, and Qiddiya in Saudi Arabia.
Mace Consult has advised on programmes worldwide such as the London 2012 Olympic Games and Dubai Expo 2020 over the past 30 years.
Several shareholders of Mace Group, including executive chair Mark Reynolds and CEO Jason Millett, will maintain a minority stake in Mace Consult. They will collaborate with Goldman Sachs Alternatives on the new Mace Consult board, with Reynolds appointed as chair.
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By GlobalDataThe partnership builds on Mace Consult’s decade of growth and expansion into major programmes across various regions. The company plans to target strategic acquisitions to enhance its presence in key growth markets under this new partnership.
Reynolds said: “This transaction is a key milestone in securing the long-term future of Mace Consult, enabling the next phase of growth for our global consultancy practice.
“Since 1990, and accelerating since the success of the London 2012 Olympics, Mace Consult has transformed the industries it serves, delivering to exceptional standards and redefining the boundaries of ambition.”
Mace Group received advisory services from Linklaters and UBS while Lazard, Jefferies International, and White & Case advised Goldman Sachs Alternatives.
Subject to regulatory approvals, the transaction is expected to conclude this year.
In March 2025, Mace was appointed for the £140m extension of Pier 6 at London Gatwick Airport in the UK.
