M&A Deal Summary

Lloyds TSB Development Capital Acquires Msq Partners

On May 16, 2019, private equity firm Lloyds TSB Development Capital acquired media company Msq Partners from NVM Private Equity for 38M GBP

Acquisition Highlights
  • This is Lloyds TSB Development Capital’s 13th transaction in the Media sector.
  • This is Lloyds TSB Development Capital’s 35th largest (disclosed) transaction.
  • This is Lloyds TSB Development Capital’s 217th transaction in the United Kingdom.
Investment Fate
  • Msq Partners was sold to a consortium of financial buyers in 2023.

M&A Deal Summary
Date 2019-05-16
Target Msq Partners
Sector Media
Buyer(s) Lloyds TSB Development Capital
Sellers(s) NVM Private Equity
Deal Type Secondary Buyout
Deal Value 38M GBP

Target

Msq Partners

London, United Kingdom
website
Msq Partners is an international group of creative agencies offers a broad range of marketing communications and related digital transformation and creative service offerings for consumer and B2B businesses, such as advertising, public relations, design, brand strategy, direct digital marketing and research. Msq Partners was founded in 2011 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Lloyds TSB Development Capital

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1981
PE ASSETS 2.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

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 225 of 292
Sector (Media) 13 of 14
Type (Secondary Buyout) 47 of 56
Country (United Kingdom) 217 of 282
Year (2019) 7 of 19
Size (of disclosed) 35 of 69
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-05 NRS Healthcare

Leicestershire, United Kingdom

NRS Healthcare is a provider of community equipment, wheelchair, and clinical services to the NHS and local authorities. NRS Healthcare is based in Leicestershire, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-23 Away Resorts

Hemel Hempstead, United Kingdom

Away Resorts is a holiday park owner and operator in the UK. It operates six major resorts in prime UK destinations, including Tattershall Lakes in Lincolnshire and Whitecliff Bay on the Isle of Wight, hosting almost 200,000 holiday-makers each year. Away Resorts was founded in 2007 and is based in Hemel Hempstead, United Kingdom.

Sell -

Seller(S) 1

SELLER

NVM Private Equity

Newcastle, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1984
PE ASSETS 290M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

NVM Private Equity is an investor in growth-oriented UK-based companies. NVM does not have any sector preferences and looks to invest £2 to £10 million equity per transaction. NVM will consider a variety of transaction situations, including MBOs, MBIs, development capital financings, turnarounds, recapitalizations and early stage financings. NVM Private Equity was established in 1984 and was formerly known as Northern Venture Managers Ltd. NVM is based in Newcastle with additional offices in Edinburgh, Manchester, and Reading.

DEAL STATS #
Overall 29 of 35
Sector (Media) 3 of 3
Type (Secondary Buyout) 11 of 13
Country (United Kingdom) 29 of 35
Year (2019) 2 of 2
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-02 Pure Petfood

West Yorkshire, United Kingdom

Pure Petfood Ltd. is a producer of natural pet food products. Pure Pet Food is based in West Yorkshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Chemigraphic

Crawley, United Kingdom

Chemigraphic Ltd. is an Electronics Manufacturing Services (EMS) provider for complex & specialist applications, including medical technology, defence & power systems. Chemigraphic was established in 1972 and is based in Crawley, United Kingdom.

Buy -
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