M&A Deal Summary |
|
|---|---|
| Date | 2011-04-20 |
| Target | A-Gas International Holdings |
| Sector | Distribution |
| Buyer(s) | Lloyds TSB Development Capital |
| Sellers(s) | Growth Capital Partners |
| Deal Type | Secondary Buyout |
| Deal Value | 70M GBP |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 2.0B USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Lloyds TSB Development Capital Ltd (LDC) is the private equity arm of Lloyds Banking Group Plc and invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. Lloyds TSB Development Capital Ltd was formed in 1981 and is based in London.
| DEAL STATS | # |
|---|---|
| Overall | 104 of 292 |
| Sector (Distribution) | 3 of 7 |
| Type (Secondary Buyout) | 13 of 56 |
| Country (United Kingdom) | 99 of 282 |
| Year (2011) | 7 of 17 |
| Size (of disclosed) | 13 of 69 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-04-19 |
OnApp
London, United Kingdom OnApp provides a complete Infrastructure-as-a-Service (IaaS) software platform for hosting companies, cloud providers, managed service providers, and telecoms companies. OnApp was formed in 2010 and is based in London. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-05-06 |
musicMagpie
Macclesfield, United Kingdom Entertainment Magpie Ltd., doing business as musicMagpie, operates a Website that allows customers to sells old compact discs (CDs), digital video discs (DVDs), games, iPods, iPhones, and iPods. Entertainment Magpie was founded in 2007 and is based in Macclesfield, United Kingdom. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 2009 |
| PE ASSETS | 250M GBP |
| Size | Middle-Market |
| Type | Sector Agnostic |
Growth Capital Partners LLP is a private equity firm that seeks investments in small to mid-sized UK based businesses. GCP provides both debt and equity capital for profitable companies with strong growth prospects and experienced management teams. The Firm typically looks to invest £5m - £50 million. Specific areas of interest include business support services, leisure, transport and distribution, consumer products and specialist engineering. Types of transactions include MBOs, growth capital financings, and secondary or tertiary buyouts. Growth Capital Partners formerly known as Close Growth Capital was spun out of Close Brothers Group plc and became independent in 2009. Growth Capital Partners LLP is based in London.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 28 |
| Sector (Distribution) | 1 of 1 |
| Type (Secondary Buyout) | 2 of 8 |
| Country (United Kingdom) | 11 of 27 |
| Year (2011) | 1 of 2 |
| Size (of disclosed) | 4 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-03-30 |
Entec UK
Knutsford, United Kingdom Entec UK Ltd is a environmental and engineering consultancy with 14 offices throughout the UK. |
Sell | £70M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-07-04 |
Tangerine Confectionery
Pontefract, United Kingdom Tangerine Confectionery is engaged in the production of sugar confectionery and popcorn in the United Kingdom. The company is the largest manufacturer of private label sugar confectionary in the United Kingdom and owns a number of heritage brands, such as Barratts, Henry Goode's, Wham and Butterkist, the number one popcorn brand in the United Kingdom. |
Sell | £115M |
