M&A Deal Summary

Ansaldo Energia Group Acquires Nuclear Engineering Services

On May 27, 2014, Ansaldo Energia Group acquired engineering company Nuclear Engineering Services from Lloyds TSB Development Capital for 30M GBP

Acquisition Highlights
  • This is Ansaldo Energia Group’s 1st transaction in the Engineering sector.
  • This is Ansaldo Energia Group’s 0th largest (disclosed) transaction.
  • This is Ansaldo Energia Group’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2014-05-27
Target Nuclear Engineering Services
Sector Engineering
Buyer(s) Ansaldo Energia Group
Sellers(s) Lloyds TSB Development Capital
Deal Type Add-on Acquisition
Deal Value 30M GBP
Advisor(s) Lincoln International (Financial)

Target

Nuclear Engineering Services

West Midlands, United Kingdom
website
Nuclear Engineering Services (NESL) specialise in the design, manufacture, assembly, test, installation and commissioning of bespoke solutions for the nuclear decommissioning, defence, and nuclear new build markets.

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Buyer(S) 1

Buyer

Ansaldo Energia Group

Genova, Italy

website


Category Company
Founded 1853
Sector Energy Services and Equipment
DESCRIPTION

Ansaldo Energia Group is an international player in the power generation industry, to which it brings an integrated model embracing turnkey power plants construction, power equipment (gas & steam turbines, generators, and microturbines), manufacturing and services, and nuclear activities.? Ansaldo Energia is active as a full-service provider with a broad portfolio of heavy-duty gas turbines offering complete maintenance solutions on power generation rotating equipment and plants, built both by itself or by other OEMs. Ansaldo Energia Group was founded in 1853 and is based in Genova, Italy.


DEAL STATS #
Overall 1 of 1
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2014) 1 of 1

Seller(S) 1

SELLER

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 68 of 188
Sector (Engineering) 1 of 3
Type (Add-on Acquisition) 34 of 90
Country (United Kingdom) 66 of 182
Year (2014) 4 of 16
Size (of disclosed) 48 of 61
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-27 Stroma Group

Wakefield, United Kingdom

Stroma Group offers a fully integrated range of services with exposure to all stages of a building lifecycle, from concept & planning (pre-construction), through construction, and into occupancy. The company offers a one-stop shop for developers, contractors, and individual property owners across the UK. Its ability to provide a complete service solution creates a significant competitive advantage as customers are increasingly recognizing the benefits of working with a fully integrated, sole supplier for all testing and compliance requirements. The business holds market-leading positions in environmental monitoring and performance testing, Approved Inspectors, and certification services. Stroma Group was formed in 2002 and is based in Wakefield, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-30 Atcore Technology Group

Slough, United Kingdom

Atcore Technology Group is a travel technology company which provides specialist software platforms for the global leisure travel sector. It comprises of two principal platforms, Atcom and Tigerbay. Atcom designs, builds and maintains reservation software for leading global tour operators. Its proprietary reservation system is highly complex, and supports sophisticated business models which allow clients to manage large volumes of search requests, optimise customer experience and enhance profitability. Atcore Technology Group was founded in 1999 and is based in Slough, United Kingdom.

Buy £45M