London, 23 May 2025 – EST Partners (“EST”), a specialist investment firm with deep expertise in procurement and supply chain services, is pleased to announce that its affiliate will be a minority investor alongside lead sponsor Horizon Capital in the buyout of ERA Group (“ERA”), a global leader in cost optimisation and supply chain consulting.

ERA, founded in 1992, operates across more than 60 countries and has earned a reputation for delivering high-impact cost reduction programmes through a network of over 1,000 consultants and 750+ franchise partners.  Horizon Capital’s £70M commitment to ERA will accelerate its growth plans through further investment in talent, technology, and strategic acquisitions.
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EST’s involvement represents a strategic step in its focus on buy-outs and buy-ins, bringing sector-specific insight and capital to support exceptional businesses in the professional services sector. Matthew Eatough, a Partner at EST and founder of global supply chain consultancy Proxima, has joined the ERA Board as Non-Executive Chairman.
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“I am delighted to join the Board of ERA Group in support of an exciting period of growth underpinned by the investment from Horizon Capital which brings expertise and resources to help further scale the business. I have known ERA for many years and I firmly believe that following the investment from Horizon, it will become the clear market leader in this field and deliver substantial growth for investors with great outcomes for clients and franchisees,” said Matthew Eatough, Partner at EST.
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The transaction has unconditionally exchanged and will complete on 30th May.
 
Media contacts
To arrange an interview, contact ir@est-partners.com
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About EST Partners
EST is focused on investments in B2B services sector in UK and US.  We target opportunities to invest in, or carve-out, outsourced services firms with high client retention and deep domain expertise.  We seek firms with more than £3M revenue which are contemplating founder succession or are in need of expansion capital.  We are particularly drawn to situations where we can apply our technology toolkit and add-value with via our own experience as entrepreneurs and business builders.  For more information, visit www.est-partners.com.