M&A Deal Summary

Spirit Capital Partners and Maven Capital Partners Acquire Coal and Coke Merchants

On June 14, 2007, private equity firm Spirit Capital Partners and asset manager Maven Capital Partners acquired environmental company Coal and Coke Merchants for 25M GBP

Acquisition Highlights
  • This is Spirit Capital Partners’ 1st and Maven Capital Partners’ 2nd transaction in the Environmental sector.
  • This is Spirit Capital Partners’ and Maven Capital Partners’ largest (disclosed) transaction.
  • This is Spirit Capital Partners’ 7th and Maven Capital Partners’ 16th transaction in the United Kingdom.
Investment Fate
  • Coal and Coke Merchants was sold to a consortium of financial buyers in 2014 for 60M GBP.
  • Coal and Coke Merchants was sold to a consortium of financial buyers in 2020.

M&A Deal Summary
Date 2007-06-14
Target Coal and Coke Merchants
Sector Environmental
Buyer(s) Spirit Capital Partners
Maven Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 25M GBP

Target

Coal and Coke Merchants

Harrogate, United Kingdom
website
Coal and Coke Merchants help public and private sector businesses understand and manage their environmental risks, reducing the impact to the environment, their operation and their reputation. Coal and Coke Merchants focus on consulting, preventing and responding to your environmental risks, so you can focus on your customers. Coal and Coke Merchants was founded in 1926 and is based in Harrogate, United kingdom.

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Buyer(S) 2

Buyer

Spirit Capital Partners

website

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Spirit Capital Partners is a private equity firm focused on lower middle-market, UK-based opportunities. Spirit Capital Partners was formed in 2008 and is based in Leeds.

DEAL STATS #
Overall 7 of 8
Sector (Environmental) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 6 of 7
Country (United Kingdom) 7 of 8
Year (2007) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-16 Plaxton

Edinburgh, United Kingdom

Plaxton Ltd. manages in designing, manufacturing, and distributing buses and coaches. It offers products ranging from local service vehicles to luxury and express coaches.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-04 FMG Support

Huddersfield, United Kingdom

FMG Support provides a range of outsourced services to help its blue chip customers to manage the performance of their vehicle fleets, generating efficiencies and improving profitability.

Buy £7M
Buyer

Maven Capital Partners

Glasgow, United Kingdom

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 2009
PE ASSETS 415M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Maven Capital Partners UK LLP (MCP) invests in lower mid-market companies throughout the UK. The Firm also provides mezzanine financing. MCP focuses on profitable companies with proven track records, balanced management teams, and diverse products and services. Maven looks to invest £2 - £10 million in businesses valued from £5 - £25 million. Sectors of interest include specialist manufacturing, health/pharmaceuticals, energy services, leisure, financial services, software and computer services, communication/IT, chemicals, food/beverage, media, consumer products, and support services. Types of transactions include MBOs, MBIs, BIMBOs, take privates, recapitalizations, and growth capital financings. Maven Capital Partners UK LLP was formed in 2009, following a management buyout of Aberdeen Asset Management's Private Equity division. Maven is based in Glasgow with additional offices in Aberdeen, Birmingham, Edinburgh, London and Manchester.

DEAL STATS #
Overall 16 of 199
Sector (Environmental) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 9 of 30
Country (United Kingdom) 16 of 194
Year (2007) 6 of 6
Size (of disclosed) 1 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-7 ATR Group

Aberdeen, United Kingdom

ATR Group Ltd. is focused on renting and selling equipment to the petrochemicals, marine, subsea and offshore oil and gas industries. The company's five business units are ATR Equipment Solutions, ATR Lifting Solutions, ATR Power Solutions, Underwater Engineering Services, and Safety & Technical Hydraulics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-04 Deep Casing Tools

Westhill, United Kingdom

Deep Casing Tools is an oil and gas technology development company providing unique and innovative downhole technology solutions to customers worldwide. Its products facilitate running casing and completion strings to targeted depth reducing well cost and improving well integrity and reservoir contact. Deep Casing Tools was formed in 2008 and is based in Westhill, United Kingdom.

Buy -
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