M&A Deal Summary

Forward Trust Acquires Eversholt Rail Group

On February 19, 1997, Forward Trust acquired financial services company Eversholt Rail Group from Electra for 726M GBP

Acquisition Highlights
  • This is Forward Trust’s 1st transaction in the Financial Services sector.
  • This is Forward Trust’s 0th largest (disclosed) transaction.
  • This is Forward Trust’s 1st transaction in the United Kingdom.
Investment Fate
  • Eversholt Rail Group was divested to a consortium of buyers in 2010 for 2.1B GBP.
  • Eversholt Rail Group was sold to management in 2015.

M&A Deal Summary
Date 1997-02-19
Target Eversholt Rail Group
Sector Financial Services
Buyer(s) Forward Trust
Sellers(s) Electra
Deal Type Add-on Acquisition
Deal Value 726M GBP

Target

Eversholt Rail Group

London, United Kingdom
website
Eversholt Rail Group is one of the three rail rolling stock companies in the UK. It owns approximately 29% of the total current British rail fleet with 19 fleets of rolling stock, specifically designed and built for the UK rail network.

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Buyer(S) 1

Buyer

Forward Trust

London, United Kingdom
Category Company
Sector Financial Services
DESCRIPTION

Forward Trust Ltd provides installment finance, leasing and factoring services

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (1997) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-04 Eversholt Rail Group

London, United Kingdom

Eversholt Rail Group is one of the three rail rolling stock companies in the UK. It owns approximately 29% of the total current British rail fleet with 19 fleets of rolling stock, specifically designed and built for the UK rail network.

Sell £2.1B

Seller(S) 1

SELLER

Electra

London, United Kingdom

Investor

website

Category Private Equity Firm
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra is an investment trust quoted on the London Stock Exchange that specializes in private equity investments. Electra's primary focus is on opportunities across Western Europe in a broad array of industries. Electra Private Equity is based in London.

DEAL STATS #
Overall 1 of 32
Sector (Financial Services) 1 of 4
Type (Add-on Acquisition) 1 of 11
Country (United Kingdom) 1 of 25
Year (1997) 1 of 1
Size (of disclosed) 5 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-09-01 The Stationery Office Group

Norwich, United Kingdom

The Stationery Office (TSO) was a supplier to Parliament and the Government of publishing, passport production, document management, printing and business supplies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-10-01 Capital Safety

Red Wing, Minnesota, United States

Capital Safety, Inc. is a provider of fall protection equipment for people working at height in a wide range of end user sectors including manufacturing, construction, oil and gas, and utilities.

Buy €98M
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