M&A Deal Summary

Rutland Partners Acquires Millbrook Proving Ground

On October 2, 2013, private equity firm Rutland Partners acquired automotive company Millbrook Proving Ground from General Motors UK

Acquisition Highlights
  • This is Rutland Partners’ 1st transaction in the Automotive sector.
  • This is Rutland Partners’ 19th transaction in the United Kingdom.
Investment Fate
  • Millbrook Proving Ground was sold to a publicly-traded strategic buyer in 2016 for 122M GBP.
  • Millbrook Proving Ground was divested to a consortium of strategic buyers in 2021.

M&A Deal Summary

Date 2013-10-02
Target Millbrook Proving Ground
Sector Automotive
Buyer(s) Rutland Partners
Sellers(s) General Motors UK
Deal Type Divestiture

Target

Millbrook Proving Ground

Bedford, United Kingdom
Millbrook Proving Ground Ltd. provides virtually every test, validation, and homologation service necessary for today’s demanding programs. Millbrook Group provides vehicle test, validation, and engineering services to customers in the automotive, transport, tire, petrochemical, defense, and security industries. Millbrook Proving Ground was founded in 1970 and is based in Bedford, United Kingdom.

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Buyer(S) 1

Buyer

Rutland Partners

London, United Kingdom

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 650M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Rutland Partners is a generalist private equity firm focused on investing in mid-market companies based in or with a significant presence in the UK. Rutland looks to commit £10-50 million of equity capital in companies valued up to £150 million. Prospective transactions can take the form of take privates, management buyouts, management buy-ins, replacement capital, turnarounds, and secondary purchases. Rutland Partners was formed in 1986 and is based in London.


DEAL STATS #
Overall 23 of 34
Sector: Automotive M&A 1 of 3
Type: Divestiture M&A Deals 7 of 7
Country: United Kingdom M&A 19 of 30
Year: 2013 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-30 Bernard Matthews

Norfolk, United Kingdom

Bernard Matthews, based in East Anglia, is a producer of turkey in the UK operating across 50 farms and 4 processing facilities. The business breeds, raises and processes circa 7 million birds per annum in the UK and supplies the market with 1.5 million fresh birds over Christmas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-27 Maplin Electronics

Rotherham, United Kingdom

Maplin Electronics Ltd. is a specialist retailer of consumer electronics. Its national network of stores are a goldmine of useful consumer technologies and gadgets.

Buy £85M

Seller(S) 1

SELLER

General Motors UK

Luton, United Kingdom

Category Company
Sector Automotive
DESCRIPTION

General Motors UK Ltd. provide automotive services., it is an wholly owned subsidiary of General Motors Company.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2013 M&A 1 of 1