M&A Deal Summary

AAC Capital UK Acquires NSL Services Group

On September 21, 2010, private equity firm AAC Capital UK acquired business services company NSL Services Group from 3i Private Equity for 120M GBP

Acquisition Highlights
  • This is AAC Capital UK’s 1st transaction in the Business Services sector.
  • This is AAC Capital UK’s 2nd largest (disclosed) transaction.
  • This is AAC Capital UK’s 19th transaction in the United Kingdom.
Investment Fate
  • NSL Services Group was sold to a strategic buyer in 2017.

M&A Deal Summary

Date 2010-09-21
Target NSL Services Group
Sector Business Services
Buyer(s) AAC Capital UK
Sellers(s) 3i Private Equity
Deal Type Secondary Buyout
Deal Value 120M GBP
Advisor(s) Jamieson Corporate Finance (Financial)

Target

NSL Services Group

London, United Kingdom
NSL Services Group Ltd. is a niche Local Authority (‘LA’) and Government outsourcing business which is divided into four operational divisions: Enforcement Solutions, Passenger Transport, Business Process Outsourcing and Consultancy.

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Buyer(S) 1

Buyer

AAC Capital UK

London, United Kingdom

Category Private Equity Firm
Founded 2011
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

AAC Capital UK is a mid-market Private equity buyout firm focuses on the niche companies in the Industrial, Business Services and Consumer sectors. AAC Capital UK formerly known as the UK team of ABN AMRO Capital. The firm looks to invest in profitable, cash-generative companies whose principal operations are in the UK. AAC Capital UK LLP is a private equity arm of AAC Capital partners. AAC Capital UK was formed in 2011 and is based in UK.


DEAL STATS #
Overall 22 of 22
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 9 of 9
Country: United Kingdom M&A 19 of 19
Year: 2010 M&A 2 of 2
Size (of disclosed) 2 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-07 U-POL

London, United Kingdom

U-POL is a manufactures and markets refinish products (primarily body fillers, coatings and aerosols), for the global automotive aftermarket. U-POL was founded in 1949 and is based in London, United Kingdom.

Sell £130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-19 Volution

Crawley, United Kingdom

Volution is a manufacturer and distributor of ventilation products. The company operates through two divisions: the Ventilation Group, which primarily supplies ventilation products for residential and commercial construction applications in the UK, the Nordics, the Benelux countries and Germany; and Torin-Sifan, which supplies motors, fans and blowers to OEMs of heating and ventilation products for both residential and commercial construction applications in Europe. Volution was founded in 2014 and is based in Crawley, England.

Sell £163M

Seller(S) 1

SELLER

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1945
PE ASSETS 21.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


DEAL STATS #
Overall 110 of 196
Sector: Business Services M&A 12 of 17
Type: Secondary Buyout M&A Deals 45 of 83
Country: United Kingdom M&A 41 of 63
Year: 2010 M&A 7 of 11
Size (of disclosed) 41 of 78
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-08 Environmental Scientifics Group

Staffordshire, United Kingdom

Environmental Scientifics Group Ltd. is a provider of testing, inspection and compliance services. Operating across five distinct divisions we offer an unrivalled range of technical expertise and accredited services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-24 Trescal

Rungis, France

Trescal provides a broad range of services for the test and measuring equipment market. Supplementing the standard technical services (verification, calibration and repair of T&M instruments), Trescal provides expertise in the implementation and acquisition of measurement systems, customized equipment pool management software solutions, metrology, technical support, and training. Trescal services customers in various sectors such as Defence, Aerospace, Aeronautics, Automotive, Power Generation & Utilities, Electronics Manufacturing, Communications and Medical & Chemistry. Trescal was founded in 2007 and is based in Rungis, France.

Buy €110M