August Equity Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, August Equity has acquired 2 companies. It has also invested in 1 other.

August Equity’s most common sectors for investment are healthcare services (24%) and consumer services (20%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (70%) and secondary buyout (14%). In total, August Equity has invested in 2 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2008 when it acquired Enara Group for $82M.

In the last 3 years, August Equity has exited 5 companies. The Firm’s most common exit type is secondary buyout (45%). August Equity’s largest (disclosed) exit occurred in 2018 when it sold VetPartners for $1.1B.

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M&A Summary

  • M&A Total Activity50
    • M&A Buy Activity30
    • M&A Sell Activity20
  • Total Sectors Invested 13
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 10
  • M&A Advisors 2

August Equity LLP

10 Slingsby Place, St. Martin's Courtyard,
London, WC2E 9AB
United Kingdom,
+44 (0)20 7632 8200
www.augustequity.com
info@augustequity.com

August Equity is a private equity firm that provides capital for management buyouts, buy-ins, growth financings, and recapitalizations of small and medium-sized UK-based companies. August Equity targets growth companies with strong cash-flow operating within four sectors. These include healthcare, media/technology, industrial products and services, and consumer products and services. August Equity looks to commit £10 to £30 million per transaction. August Equity was formed in 2001 and is based in London.


Investment Criteria

Sectors of Interest: Aerospace, Building Materials, Business Services, Communications, Consumer Services, Healthcare Services, Information Technology, Insurance, Manufacturing, Media, Medical Products, Publishing, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Stake Purchase

Geographic Preferences: United Kingdom

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 10 30
Enterprise Value - -
values in millions of GBP

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.6/yr) # 27 - - 2 1 - 30
vol $579M $579M
Sell (1.2/yr) # 14 1 1 1 3 - 20
vol $654M $1.1B $1.7B
  50

Most Recent M&A

Company Date Value Type
Confederation of Dental Employers Ltd. 2019-11-21 - Buyout (LBO, MBO, MBI)
Holsworthy, United Kingdom · www.codeuk.com
Wax Digital Ltd. 2019-11-19 - Add-on Acquisition
Hyde, United Kingdom · www.wax-digital.com
Aspirations Care Group 2019-06-21 - Secondary Buyout
East Gloucester, United Kingdom · www.aspirationscare.com
SecureData Europe Ltd. 2019-02-01 - Add-on Acquisition
Maidstone, United Kingdom · www.secdata.com
Hallmarq Veterinary Imaging Ltd. 2018-12-13 - Buyout (LBO, MBO, MBI)
Surrey, United Kingdom · www.hallmarq.net
Charterhouse Voice & Data Plc 2018-11-08 - Growth Capital
London, United Kingdom · www.cvd.plc.uk
VetPartners 2018-08-07 1.1B GBP Secondary Buyout
Villanova, Pennsylvania · www.vetpartners.or
Compass Community Ltd. 2017-12-01 - Secondary Buyout
Leicestershir, United Kingdom · www.compasscommunity.co.uk
Funeral Services Partnership Ltd. 2016-05-10 - Secondary Buyout
Nottingham, United Kingdom · www.funeralpartners.co.uk
Wax Digital Ltd. 2015-11-18 - Secondary Buyout
Hyde, United Kingdom · www.wax-digital.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Pet Cremation Services 2015-01-01 Essex Pet Crematorium 2019-06-14 1
Northamptonshire, United Kingdom · www.pcsonline.org.uk Essex, United Kingdom · www.essexpetcrematorium.co.uk
Staff Management Ltd t/a Active Assistance 2010-03-26 Communicare (GB) Ltd. 2012-04-04 1
Sevenoaks, Kent, United Kingdom · www.activeassistance.com Kettering, United Kingdom · www.communicare.uk.com
First Call Care Services Ltd. 2008-05-11 Staff Management Ltd t/a Active Assistance 2010-03-26 1
Essex, United Kingdom Sevenoaks, Kent, United Kingdom · www.activeassistance.com

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services 3 (30%) 35M (38%) 7 (23%) 184M (32%)
Consumer Services 1 (10%) - 6 (20%) 63M (11%)
Software 1 (10%) - 3 (10%) 63M (11%)
Information Technology 1 (10%) - 3 (10%) -
Building Materials - - 2 (7%) 48M (8%)
Medical Products 1 (10%) - 2 (7%) 40M (7%)
Aerospace 1 (10%) 57M (62%) 1 (3%) 57M (10%)
Publishing - - 1 (3%) 45M (8%)
Media - - 1 (3%) 35M (6%)
Communications - - 1 (3%) 32M (6%)
Digital Media - - 1 (3%) 11M (2%)
Business Services 1 (10%) - 1 (3%) -
Education 1 (10%) - 1 (3%) -
Total 10 $92M 30 $579M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United Kingdom 9 (90%) 92M (100%) 28 (93%) 451M (100%)
United States 1 (10%) - 2 (7%) -
  Pennsylvania - - 1 (3%) -
Domestic 9 (90%) 92M (100%) 28 (93%) 451M (100%)
Cross-border 1 (10%) - 2 (7%) -
Total 10 $92M 30 $451M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 9 (90%) 92M (100%) 21 (70%) 189M (39%)
Secondary Buyout - - 4 (13%) 120M (25%)
Consolidation - - 2 (7%) 82M (17%)
Going Private - - 1 (3%) 63M (13%)
Divestiture - - 1 (3%) 32M (7%)
Growth Capital 1 (10%) - 1 (3%) -
Total 10 $92M 30 $486M

Exits by Deal Type

Type Total # Value
Secondary Sale 9 (45%) 1.2B (71%)
Trade Sale 6 (30%) 273M (16%)
Trade Sale - Public Company 3 (15%) 223M (13%)
Sold to Management 1 (5%) -
Stake Sale 1 (5%) -
Total 20 $1.7B

Top M&A Advisors

Financial Deals
Canaccord Genuity Corp.
1
Legal Deals
DLA Piper
1

Deal Values

buy # Total
< $100M 15 $579M
TOTAL $579M
Largest Enara Group Ltd. (dba MiHomecare)
$82M (2008-05-11)
sell # Total
> $1B 1 $1.1B
$100M to $1B 3 $455M
< $100M 4 $198M
TOTAL $1.7B
Largest VetPartners
$1.1B (2018-08-07)

M&A Connections

Deals %
Acquired from
PE Firm(s)
80%
4 80%
Strategic(s)
20%
1 20%
Exited to
PE Firm(s)
53%
9 53%
Strategic(s)
47%
8 47%