M&A Deal Summary

Dunedin and NVM Private Equity Acquires CGI International

On December 1, 1998, private equity firms Dunedin LLP and NVM Private Equity LLP acquired manufacturing company CGI International Ltd. for 10M GBP

Acquisition Highlights
  • This is Dunedin’s 1st and NVM Private Equity’s 1st transaction in the Manufacturing sector.
  • This is Dunedin’s 27th and NVM Private Equity’s 0th largest (disclosed) transaction.
  • This is Dunedin’s 4th and NVM Private Equity’s 2nd transaction in the United Kingdom.
Investment Fate
  • CGI International was sold to a financial buyer in 2018.

M&A Deal Summary

Date 1998-12-01
Target CGI International Ltd.
Sector Manufacturing
Buyer(s) Dunedin LLP
NVM Private Equity LLP
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 10M GBP

Target

CGI International Ltd.

Haydock, United Kingdom
website
CGI International Ltd. is an independent manufacturer of fire resistant glass (fire rated glass), a status achieved by focusing exclusively on the fire rated glass market, extensive investment in purpose built facilities and an ongoing research, development and testing programme. CGI International was founded in 1985 and is based in Haydock, United Kingdom.

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Buyer(S) 2

Buyer

Dunedin LLP

Edinburgh, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1983
PE ASSETS 400M GBP
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Dunedin is a middle-market private equity firm focused on investments in the UK. Dunedin looks to invest in businesses with proven management, strong market positions/brands, positive cash-flow, significant barriers to entry, and strong opportunities for growth. Dunedin seeks businesses valued from £20 to £100 million. Targeted sectors include construction, building materials, consumer products/services, financial services, healthcare, leisure, specialist manufacturing, and support services. Dunedin was formed in 1983 and is based in Edinburgh with an additional office in London.


DEAL STATS #
Overall 4 of 49
Sector (Manufacturing) 1 of 4
Type (Buyout (LBO, MBO, MBI)) 4 of 32
Country (United Kingdom) 4 of 47
Year (1998) 2 of 2
Size (of disclosed) 27 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Carlton Clubs Ltd

Inverness, United Kingdom

Carlton Clubs Ltd is a operator of bingo clubs in Scotland and the North East of England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 TIS Software Holdings Ltd

Bourne End, United Kingdom

TIS Software Holdings Ltd is a provider of Supply chain software.

Buy -
Buyer

NVM Private Equity LLP

Newcastle, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 290M GBP
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

NVM Private Equity is an investor in growth-oriented UK-based companies. NVM does not have any sector preferences and looks to invest £2 to £10 million equity per transaction. NVM will consider a variety of transaction situations, including MBOs, MBIs, development capital financings, turnarounds, recapitalizations and early stage financings. NVM Private Equity was established in 1984 and was formerly known as Northern Venture Managers Ltd. NVM is based in Newcastle with additional offices in Edinburgh, Manchester, and Reading.


DEAL STATS #
Overall 2 of 65
Sector (Manufacturing) 1 of 5
Type (Buyout (LBO, MBO, MBI)) 2 of 28
Country (United Kingdom) 2 of 65
Year (1998) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-05-01 Weldex (International) Offshore Ltd.

Inverness, United Kingdom

Weldex is a crawler crane hire company having a large fleet of crawler cranes including the two largest crawler cranes in the UK, 1,350-tonne capacity Liebherr LR11350’s. Their cranes have been used in a number of the UK’s largest construction contracts including Heathrow Terminal 5 and the iconic arch on the new Wembley Stadium. The company is well placed to benefit from the rapid growth in offshore wind farm developments and UK power station construction and decommissioning. Weldex was founded in 1979 and is based in Inverness, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Interlube Systems Ltd.

Plymouth Devon, United Kingdom

Interlube Systems Ltd. is recognized for its quality, reliable service and workmanship in designing, manufacturing and installing lubrication delivery systems and components as well as installation services. Based in Plymouth, U.K., Interlube provides lubrication delivery solutions to commercial vehicle, mining, construction, manufacturing and other heavy industrial customers.

Buy -