M&A Deal Summary

HSBC Private Equity UK Acquires Viking Moorings

On July 27, 2009, HSBC Private Equity UK acquired energy services and equipment company Viking Moorings from Inflexion for 170M GBP

Acquisition Highlights
  • This is HSBC Private Equity UK’s 1st transaction in the Energy Services and Equipment sector.
  • This is HSBC Private Equity UK’s 0th largest (disclosed) transaction.
  • This is HSBC Private Equity UK’s 3rd transaction in the United Kingdom.
Investment Fate
  • Viking Moorings was sold to a strategic buyer in 2017.

M&A Deal Summary

Date 2009-07-27
Target Viking Moorings
Sector Energy Services and Equipment
Buyer(s) HSBC Private Equity UK
Sellers(s) Inflexion
Deal Type Secondary Buyout
Deal Value 170M GBP

Target

Viking Moorings

Aberdeen, United Kingdom
website
Viking Moorings is a provider of mooring solutions to the oil and gas sector for key assets such as semi-submersible drilling rigs, drillships and floating accommodation platforms. The services which Viking provides include initial design and engineering assessments, computer modelling and simulation, procurement of equipment, mobilisation, equipment rental and demobilisation through to spooling and equipment testing. Viking Moorings was founded in 1985 and is based in Aberdeen, United Kingdom.

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Buyer(S) 1

Buyer

HSBC Private Equity UK

London, United Kingdom

website


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

HSBC Private Equity UK (HPE) is the UK mid-market private equity investment business of the HSBC Group. HPE focuses on partnering with management teams and clients of HSBC Bank in management buyout, replacement capital and development capital opportunities with an equity requirement from £10 million and enterprise values of £20 to £300 million. HPE will consider opportunities in a wide range of sectors, including software, business services, energy services/equipment, and technology. HPE was formed in 2007 and is based in London, HSBC Capital has become Graycliff partners on Dec 2011.


DEAL STATS #
Overall 3 of 3
Sector (Energy Services and Equipment) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (United Kingdom) 3 of 3
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-25 Britton Group

Winsford, United Kingdom

Britton Group is a flexible packaging business in Europe, producing 80,000 tonnes of plastic film and converted products each year.

Buy £77M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-01 Amtech Group

Milton Keynes, United Kingdom

Amtech Group Ltd. is a producer of software products for the electrical and mechanical building services industry. Amtech range of software is designed specifically for the needs of building service engineers and contractors and includes the most well known brands in the industry including Amtech, Luckins and Estimation.

Sell £35M

Seller(S) 1

SELLER

Inflexion

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Inflexion is a private equity firm that specializes in investments in UK-based founder and family-owned businesses. Broad areas of interest include consumer products/services, business services, healthcare, industrials, technology, and financial services. The Firm's target investment size is £10 to £500 million. Inflexion was formed in 1999 and is based in London.


DEAL STATS #
Overall 6 of 52
Sector (Energy Services and Equipment) 1 of 1
Type (Secondary Buyout) 3 of 21
Country (United Kingdom) 6 of 51
Year (2009) 2 of 2
Size (of disclosed) 4 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-12 Healthcare Knowledge International

Warwickshire, United Kingdom

Healthcare Knowledge International (HKI) provides benchmarking and other performance analytical information to European public health services in order to maximize efficiency and reduce overall costs. The company effectively created the market. HKI had signed forward contracts for the next five years, thereby effectively locking out any potential competition.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-17 Griffin Global Group

London, United Kingdom

Griffin Global Group Limited provides travel management services to marine, offshore, and cruise industries worldwide.

Buy -