Buckthorn Partners, which Lord Hammond joined in 2020, has teamed up with One Equity Partners to seal a takeover of one of the UK government's biggest contractors, Sky News learns
Among the public sector activities it refers to on its website are the maintenance of the UK defence estate, keeping 60 prisons"safe and compliant" during the COVID-19 pandemic, and developing the power programme for the HS2 high-speed rail link.
Its portfolio includes Ashtead Technology, which makes advanced subsea tools, and Paradigm Energy Ventures, which it owns alongside an arm of Saudi Aramco. Lord Hammond was the MP for Runnymede and Weybridge for more than two decades before losing the party whip when he opposed government policy by voting against Britain leaving the European Union without a deal.
Ferrovial, which owns a big chunk of London Heathrow Airport, has contemplated a sale of its entire global services business for some time.
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