Investment Summary

Warburg Pincus and Macquarie Capital Invest In Premier Technical Services Group

On May 17, 2021, private equity firms Warburg Pincus and Macquarie Capital invested in business services company Premier Technical Services Group

Investment Highlights
  • This is Warburg Pincus’ 17th and Macquarie Capital’s 2nd transaction in the Business Services sector.
  • This is Warburg Pincus’ 26th and Macquarie Capital’s 4th transaction in the United Kingdom.

Investment Summary

Date 2021-05-17
Target Premier Technical Services Group
Sector Business Services
Investor(s) Warburg Pincus
Macquarie Capital
Deal Type Growth Capital

Target

Premier Technical Services Group

Castleford, United Kingdom
website
Premier Technical Services Group (PTSG) is a provider of specialist services to the FM and construction sectors, offering a range of industry-leading services across its four divisions: PTSG Access & Safety Ltd, PTSG Electrical Services Ltd, PTSG Building Access Specialists Ltd, and PTSG Fire Solutions Ltd. The company's highly-trained teams offer full UK coverage to clients in all industries. Premier Technical Services Group was formed in 2007 and is headquartered in Castleford, United Kingdom.

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Investor(S) 2

Investor

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 441 of 475
Sector (Business Services) 17 of 19
Type (Growth Capital) 145 of 157
Country (United Kingdom) 26 of 26
Year (2021) 9 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 GO-JEK

Jakarta, Indonesia

GO-JEK is a mobile application-based platform in Indonesia that provides a range of services such as ride-hailing, food delivery, lifestyle services, and mobile payments. GO-JEK was founded in 2010 and is based in Jakarta, Indonesia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-11 Black Swan Energy

Calgary, Alberta, Canada

Black Swan Energy is an energy company that is actively developing its significant land position in the Montney play in northeast British Columbia. Black Swan Energy was founded in 2010 and is based in Calgary, Alberta.

Sell CA$1.1B
DESCRIPTION

Macquarie Capital is the principal investing arm of financial services company Macquarie Group. Macquarie Capital has global capability in advisory, capital raising services, and provides clients with specialist expertise, advice and flexible capital solutions across a range of sectors and products including investing alongside partners and clients. Macquarie Capital is based in Sydney, Australia.


DEAL STATS #
Overall 21 of 27
Sector (Business Services) 2 of 2
Type (Growth Capital) 4 of 4
Country (United Kingdom) 4 of 7
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 Waddell & Reed Financial

Overland Park, Kansas, United States

Waddell & Reed Financial, Inc. is an asset management and financial planning firm serving individuals and institutional investors. Waddell & Reed was formed in 1937 and is based in Overland Park, Kansas.

Buy $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Wavenet

Solihull, United Kingdom

Wavenet is a multi-award-winning provider of telecoms and technology solutions serving thousands of small and medium-sized businesses and enterprises across the United Kingdom (UK). Wavenet has built on a solid foundation for growth over the last five years, with a focus on future technologies and digital transformation that will drive the industry and its customers. The new partnership with Macquarie Capital will boost this growth potential, by providing both expertise and flexible growth capital. This will enable more investment in the people at Wavenet and provide a renewed focus on strategic acquisitions. Wavenet was formed in 2000 and is based in Solihull, United Kingdom.

Buy -