M&A Deal Summary

Primary Capital Acquires VJT

On June 26, 2018, private equity firm Primary Capital acquired distribution company VJT from SIG for 30M GBP

Acquisition Highlights
  • This is Primary Capital’s 1st transaction in the Distribution sector.
  • This is Primary Capital’s 5th largest (disclosed) transaction.
  • This is Primary Capital’s 28th transaction in the United Kingdom.

M&A Deal Summary

Date 2018-06-26
Target VJT
Sector Distribution
Buyer(s) Primary Capital
Sellers(s) SIG
Deal Type Divestiture
Deal Value 30M GBP

Target

VJT

Kent, United Kingdom
website
VJT is a distributor of technical fixings, fasteners, consumables, and related tools to the UK construction industry. VJT product range is comprehensive and vast; with over 13,000 products in stock. VJT was founded in 1991 and is based in Kent, England.

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Buyer(S) 1

Buyer

Primary Capital

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 700M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Primary Capital is a private equity firm focused on management buyouts and buy-ins of mid-market companies with an enterprise value of £20 - £100 million. Primary looks for opportunities across Europe but concentrates primarily on businesses located in the UK and Germany. The Firm looks to invest £10 to £44 million of equity or equity-related capital per transaction. Target sectors include consumer products/services, business & support services, financial services, IT services, software, and industrial products/services. Primary was formed in 1994 and is based in London.


DEAL STATS #
Overall 30 of 33
Sector (Distribution) 1 of 1
Type (Divestiture) 4 of 4
Country (United Kingdom) 28 of 31
Year (2018) 2 of 2
Size (of disclosed) 5 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 ICS Learn

Glasgow, United Kingdom

ICS Learn is an online professional education platform offering learners flexible courses, accredited by industry-leading awarding bodies in human resources, accounting, and fitness. ICS Learn was established in 1889 and is based in Glasgow, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 Esteem Systems

Wetherby, United Kingdom

Esteem Systems Ltd. is a managed services provider for IT infrastructures. Esteem provides services to manage our customers’ entire IT infrastructures from servers and desktops to applications, data and networks. With a 30-year track-record, Esteem Systems brings a compelling and complementary portfolio in Private Cloud, Data Management, Desktop, and Managed Services, and has become a strategic infrastructure and services partner in public and private sector with significant traction in Local Government, Retail, Higher Education, Legal, Health, and Energy.

Sell -

Seller(S) 1

SELLER

SIG

Sheffield, United Kingdom

website


Category Company
Founded 1957
Sector Distribution
Employees6,446
Revenue 2.7B GBP (2022)
DESCRIPTION

SIG is a distributor of specialist building products in Europe, with strong positions in its core markets of insulation & energy management, interiors and exteriors. The Group principally operates in 9 countries in Europe and has trading operations in a further 6, including countries in the Middle East, serving a wide range of trades in the building and construction markets. SIG was founded in 1957 and is based in Sheffield, the United Kingdom.


DEAL STATS #
Overall 5 of 5
Sector (Distribution) 3 of 3
Type (Divestiture) 5 of 5
Country (United Kingdom) 4 of 4
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-15 Carpet & Flooring

Redditch, United Kingdom

Carpet & Flooring is a distributor of floor covering products stocking and distributing products from European flooring manufacturers. The business serves customers from 11 sites across England, Scotland and Wales. Carpet & Flooring was formed in 19923 and is based in

Sell -