M&A Deal Summary

STAR Capital Partnership Acquires Synergy LMS

On July 1, 2016, private equity firm STAR Capital Partnership acquired business services company Synergy LMS from Steris for 50M GBP

Acquisition Highlights
  • This is STAR Capital Partnership’s 2nd transaction in the Business Services sector.
  • This is STAR Capital Partnership’s 5th largest (disclosed) transaction.
  • This is STAR Capital Partnership’s 9th transaction in the United Kingdom.

M&A Deal Summary

Date 2016-07-01
Target Synergy LMS
Sector Business Services
Buyer(s) STAR Capital Partnership
Sellers(s) Steris
Deal Type Divestiture
Deal Value 50M GBP

Target

Synergy LMS

Derby, United Kingdom
website
Synergy Health Managed Services Ltd. is a provider of sterile linen and laundry management services to hospitals and other healthcare providers throughout the UK including NHS Trusts, private hospitals, ambulance Trusts, and healthcare and community Trusts. Synergy Health Managed Services was founded in 1996 and is based in Derby, United Kingdom.

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Buyer(S) 1

Buyer

STAR Capital Partnership

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

STAR Capital Partners is a private equity firm that seeks investments in capital intensive businesses operating in Western Europe. STAR looks to invest in companies valued between EUR50 million and EUR1 billion. The Firm will consider opportunities in many industries, however, the Firm's primary emphasis is on businesses operating in the oil & gas, transport, utilities, telecommunications and healthcare sectors. STAR Capital was formed in 1999 and is based in London.


DEAL STATS #
Overall 17 of 27
Sector (Business Services) 2 of 4
Type (Divestiture) 6 of 8
Country (United Kingdom) 9 of 11
Year (2016) 2 of 3
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-01 Star Mayan

London, United Kingdom

Star Mayan Ltd. owns and develops laundry and associated service businesses. Star Mayan is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 ElecLink

United Kingdom

ElecLink leverages existing strategic infrastructure in an innovative and cost- effective way to bridge two of Europe's most congested power markets; France and England.

Sell €75M

Seller(S) 1

SELLER

Steris

Dublin 2, Ireland

website


Category Company
Founded 1985
Sector Medical Products
Employees13,000
Revenue 4.6B USD (2022)
DESCRIPTION

Steris is a provider of pre-eminent infection prevention, decontamination, and surgical and critical care company. Steris healthcare services through knowledgeable people and innovative infection prevention, decontamination and health science technologies, products and services. Steris was founded in 1985 and is based in Dublin, Ireland.


DEAL STATS #
Overall 1 of 4
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 4
Country (United Kingdom) 1 of 2
Year (2016) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-12 Black Diamond Video

Richmond, California, United States

Black Diamond Video, Inc. is a manufacturer and integrator of high-resolution digital video processing solutions for mission-critical medical, federal and commercial applications. Black Diamond manufactures a complete product line of 4K matrix switches, processors, scalers, signal conditioners, converters, extenders, system controllers, digital recorders, and H.264 streaming and conferencing technology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-01 Steris - Applied Infection Control Business

Leicester, United Kingdom

Steris Plc - Applied Infection Control Business is a provider of commercial skin care, surface cleaning products and surgical prep brands, including Alcare Plus®, Alcare®, Kindest Kare®, Cal Stat®, Soft ‘N Sure®, CV®, BactoShield® and Lotion Soft®.

Sell -