M&A Deal Summary

Redde Acquires FMG Support

On August 20, 2015, Redde acquired business services company FMG Support from Endless for 43M GBP

Acquisition Highlights
  • This is Redde’s 1st transaction in the Business Services sector.
  • This is Redde’s 0th largest (disclosed) transaction.
  • This is Redde’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2015-08-20
Target FMG Support
Sector Business Services
Buyer(s) Redde
Sellers(s) Endless
Deal Type Add-on Acquisition
Deal Value 43M GBP

Target

FMG Support

Huddersfield, United Kingdom
website
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.

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Buyer(S) 1

Buyer

Redde

Bath, United Kingdom

website


Category Company
Founded 1992
Sector Business Services
Revenue 590M GBP (2019)
DESCRIPTION

Redde provides various legal services to assist claimant parties. Redde was founded in 1992 and is based in Bath, the United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2015) 1 of 1

Seller(S) 1

SELLER

Endless

Leeds, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 1.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Endless LLP is an independent private equity firm that targets management buyouts and turnaround investment opportunities in a variety of industries. Endless invests in UK based companies with generating sales of £10 to £1000 million. Endless can commit up to £80 million for each transaction in the form of equity and/or debt. Endless will not invest in startups or companies with less than £10 million of sales. Endless was formed in 2005 and has offices in Leeds, Manchester and Solihull.


DEAL STATS #
Overall 15 of 40
Sector (Business Services) 1 of 4
Type (Add-on Acquisition) 8 of 25
Country (United Kingdom) 15 of 40
Year (2015) 1 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-02 Go Plant Fleet Services

Coalville, United Kingdom

Go Plant Fleet Services is a provider of operated road sweepers, self-drive specialist vehicles, and associated fleet management services. The business has more than 40 years’ experience of partnering with local authorities and private sector customers, using its specialist knowledge to understand, anticipate and respond to the individual fleet and service requirements of its customers.

Buy £18M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Imtech

Middlesex, United Kingdom

Imtech is a technical service provider in the UK and Ireland, with extensive expertise and experience in mechanical and electrical engineering services, technical facilities management and systems integration.

Buy -