M&A Deal Summary

3i Infrastructure Acquires SRL Traffic Systems

On December 6, 2021, infrastructure investor 3i Infrastructure acquired electrical equipment company SRL Traffic Systems from LDC and Crescent Capital Group

Acquisition Highlights
  • This is 3i Infrastructure’s 1st transaction in the Electrical Equipment sector.
  • This is 3i Infrastructure’s 10th transaction in the United Kingdom.

M&A Deal Summary

Date 2021-12-06
Target SRL Traffic Systems
Sector Electrical Equipment
Buyer(s) 3i Infrastructure
Sellers(s) LDC
Crescent Capital Group
Deal Type Secondary Buyout

Target

SRL Traffic Systems

Cheshire, United Kingdom
SRL Traffic Systems is a manufacturer and provider of portable and temporary traffic equipment. The company boasts a nationwide network of 26 depots. It has the industry’s widest range of temporary pedestrian and traffic light systems and is the UK market leader in the sale and hire to the traffic management sector. SRL Traffic Systems was founded in 1997 and is based in Cheshire, United Kingdom.

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Buyer(S) 1

Buyer

3i Infrastructure

St Helier, Channel Islands

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2007
PE ASSETS 3.9B GBP
Size Large
Type Sector Focused
DESCRIPTION

3i Infrastructure plc is a listed infrastructure investment arm of 3i Group plc. 3i infrastructure invests mainly in Europe and Asia companies with stable underlying performance: asset-intensive businesses, providing essential services over the long term, often on a regulated basis, or with significant contracted revenues. The firm focuses on the Utilities, Transportation, and Social Infrastructure sectors through equity and junior or mezzanine debt investments in the range of £100m–£300 million per transaction. 3i infrastructure was formed in 2007 and is based in Jersey, Channel Islands.


DEAL STATS #
Overall 31 of 31
Sector: Electrical Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 11 of 11
Country: United Kingdom M&A 10 of 10
Year: 2021 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 EC Waste

Humacao, Puerto Rico

EC Waste is a fully integrated waste management company that collects, transfers, and disposes of non-hazardous waste. EC Waste is based in Humacao, Puerto Rico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-24 Attero

Apeldoorn, Netherlands

Attero is a waste management company that offers its clients services across the full range of waste processing i.e. incineration, composting, recycling, and landfill. Attero owns two energy from waste (‘EfW’) plants, two sorting and pre-treatment facilities, six anaerobic digestion facilities, seven composting facilities and 10 landfills. Attero was founded in 1929 and is based in Apeldoorn, Netherlands.

Sell -

Seller(S) 2

SELLER

LDC

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 3.9B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. LDC was formed in 1981 and is based in London.


DEAL STATS #
Overall 177 of 210
Sector: Electrical Equipment M&A 5 of 5
Type: Secondary Buyout M&A Deals 64 of 77
Country: United Kingdom M&A 171 of 204
Year: 2021 M&A 16 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-26 IEG4

Cheshire, United Kingdom

IEG4 develops innovative software solutions that enable public sector organisations to deliver better and more streamlined digital services to their customers. IEG4 is founded in 2006 and based in Cheshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 EMS Healthcare

Cheshire, United Kingdom

EMS Healthcare owns, operates and manages extensive fleet of flexible mobile medical units and vehicles, including mobile labs, mobile dialysis units, mobile decontamination units and community diagnostic vehicles. EMS Healthcare was founded in 2000 and is based in Cheshire, United Kingdom.

Buy -
SELLER

Crescent Capital Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1991
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $40 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.


DEAL STATS #
Overall 46 of 47
Sector: Electrical Equipment M&A 3 of 3
Type: Secondary Buyout M&A Deals 13 of 13
Country: United Kingdom M&A 2 of 2
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 IMServ

Milton Keynes, United Kingdom

IMServ is an independent energy data management provider with end-to-end energy data solutions that help organizations across all sectors make intelligent use of their energy. The company offers a range of specialist metering technology for electricity, gas, and water along with highly accurate energy data collection services. All of this is incorporated within an easy-to-view online data management analysis and reporting software platform. IMServ was founded in 1992 and is based in Milton Keynes, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-13 Nutriment

Stockholm, Sweden

Nutriment is a consolidator in natural pet food segment, offering raw pet food, treats, chews and supplements through multiple channels, both online and offline. Nutriment was formed in 2014 and is based in Stockholm, Sweden.

Buy -