Investment Summary

Lloyds TSB Development Capital and Ares Private Equity Group Invest In Onecom

On July 22, 2019, private equity firms Lloyds TSB Development Capital and Ares Private Equity Group invested in communications company Onecom

Investment Highlights
  • This is Lloyds TSB Development Capital’s 2nd and Ares Private Equity Group’s 3rd transaction in the Communications sector.
  • This is Lloyds TSB Development Capital’s 220th and Ares Private Equity Group’s 7th transaction in the United Kingdom.

Investment Summary

Date 2019-07-22
Target Onecom
Sector Communications
Investor(s) Lloyds TSB Development Capital
Ares Private Equity Group
Deal Type Growth Capital

Target

Onecom

Fareham, United Kingdom
Onecom is a provider of communication services and unified solutions across fixed-line voice, connectivity, and cloud computing to companies that includes Farrow & Ball, Thwaites, Celtic Manor, and 118 UK Ltd. Onecom was founded in 1992 and is based in Fareham, United Kingdom.

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Investor(S) 2

Investor

Lloyds TSB Development Capital

London, United Kingdom

Investor Investor Investor Investor Investor


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 228 of 298
Sector (Communications) 2 of 4
Type (Growth Capital) 46 of 98
Country (United Kingdom) 220 of 287
Year (2019) 10 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-03 Connect Managed Services

London, United Kingdom

Connect Managed Services Ltd. is a Systems Integrator and Managed Service Provider specializing in Contact Centre and Unified Communications (UC) technologies. Connect has set the pace with a uniquely innovative approach to the design, deployment, and maintenance of communications systems for multi-national businesses. Above all, company Managed Services have won acclaim from IT managers across the world faced with increasingly complex unified communications and contact center solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 VertexOne

Houston, Texas, United States

VertexOne is a provider of customer information system (“CIS”) software and integration services to the mid-market public and investor-owned utility industry. VertexOne was founded in 1996 and is based in Houston, Texas.

Sell -
Investor

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 20.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.


DEAL STATS #
Overall 77 of 98
Sector (Communications) 3 of 5
Type (Growth Capital) 9 of 15
Country (United Kingdom) 7 of 10
Year (2019) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 Aspida Financial

New York, New York, United States

Aspida Financial plans to issue insurance and reinsurance products for individuals and institutions seeking to fund their long-term financial needs. Aspida seeks to be a trusted partner focused on its customers’ financial security and success. Aspida’s solutions will include annuity and life insurance products that, in today’s volatile world, help bring stability and more predictability to a financial strategy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 Heelstone Renewable Energy

Chapel Hill, North Carolina, United States

Heelstone Renewable Energy LLC is a utility-scale solar developer with expertise in development, construction, operation and finance. Based in Chapel Hill, North Carolina, Heelstone Renewable Energy has developed a portfolio of 500 MW and is actively developing a project pipeline of over 1.5 GW.

Buy -