M&A Deal Summary

iCON Infrastructure Acquires Choice Care Group

On October 23, 2018, infrastructure investor iCON Infrastructure acquired consumer services company Choice Care Group from Caledonia Investments for 153M GBP

Acquisition Highlights
  • This is iCON Infrastructure’s 1st transaction in the Consumer Services sector.
  • This is iCON Infrastructure’s largest (disclosed) transaction.
  • This is iCON Infrastructure’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2018-10-23
Target Choice Care Group
Sector Consumer Services
Buyer(s) iCON Infrastructure
Sellers(s) Caledonia Investments
Deal Type Secondary Buyout
Deal Value 153M GBP

Target

Choice Care Group

Bracknell, United Kingdom
website
Choice Care Group Ltd. provides personalized residential support and supported living for adults with learning disabilities, mental disorders and complex emotional and behavioral needs, including autism, across Wiltshire, Hampshire, Gloucestershire, Berkshire and Surrey.

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Buyer(S) 1

Buyer

iCON Infrastructure

Investor Investor Investor Investor Investor

website


Category Infrastructure
Founded 2004
PE ASSETS 2.5B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

iCON Infrastructure LLP is a independent investment firm with over €1 billion under management, investing in infrastructure assets in Europe and North America. iCON Infrastructure’s funds are focused on investing in Public services such as Water and Wastewater, Electricity Networks,Oil and Gases, Contracted and/ or Regulated facilities, Social infrastructure and Transport sector focusing on rail, toll roads, airports, and ports. iCON Infrastructure LLP was founded in 2004 and is based in London, United Kingdom with an additional office in Düsseldorf, Germany.


DEAL STATS #
Overall 15 of 16
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 3 of 3
Country (United Kingdom) 4 of 5
Year (2018) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 Ecoeridania

Arenzano, Italy

Ecoeridania S.p.A. is a service company and consultancy in the environmental sector. Ecoeridania S.p.A. was founded in 1988 and is based in Arenzano, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-29 Firmus Energy

Antrim, United Kingdom

Firmus Energy is an energy supplier licenses for the development of a natural gas network outside greater Belfast. Firmus Energy was founded in 2005 and is based in Antrim, United Kingdom.

Sell -

Seller(S) 1

SELLER

Caledonia Investments

London, United Kingdom

website


Category Company
Founded 1928
Sector Financial Services
Employees66
Revenue 618M GBP (2022)
DESCRIPTION

Caledonia is a self-managed investment trust with net assets of £1.3bn, listed on the London Stock Exchange. Caledonia Investments was incorporated in 1928 and is headquartered in London, United Kingdom.


DEAL STATS #
Overall 3 of 4
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (United Kingdom) 3 of 4
Year (2018) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-15 Deep Sea Electronics

Hunmanby, United Kingdom

Deep Sea Electronics plc is a manufacturers of generator controllers, auto transfer switch controllers, battery chargers and vehicle & off-highway controllers. Deep Sea Electronics was formed in 1975 and is based in Hunmanby, United Kingdom.

Buy £162M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Deep Sea Electronics

Hunmanby, United Kingdom

Deep Sea Electronics plc is a manufacturers of generator controllers, auto transfer switch controllers, battery chargers and vehicle & off-highway controllers. Deep Sea Electronics was formed in 1975 and is based in Hunmanby, United Kingdom.

Sell £242M