M&A Deal Summary

Alcentra Capital Acquires Equiom

On January 19, 2022, mezzanine finance firm Alcentra Capital acquired financial services company Equiom from Värde Partners and LDC

Acquisition Highlights
  • This is Alcentra Capital’s 1st transaction in the Financial Services sector.
  • This is Alcentra Capital’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2022-01-19
Target Equiom
Sector Financial Services
Buyer(s) Alcentra Capital
Sellers(s) Värde Partners
LDC
Deal Type Secondary Buyout

Target

Equiom

Douglas, United Kingdom
Equiom is a global professional services provider, offering end-to-end wealth protection and support services to private clients, corporate clients and funds. Equiom was founded in 1978 and is based in Douglas, United Kingdom.

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Buyer(S) 1

Buyer

Alcentra Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 540M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alcentra Capital Corporation is the direct investment arm of asset management firm Alcentra. Alcentra capital looks to provide equity and subordinated debt to middle-market companies throughout North America. The Firm looks to invest $5 to $15 million per transaction in profitable companies with $5 to $15 million of EBITDA. Sectors of interest include healthcare, government services, business services, and defense. Alcentra Capital Corporation was formerly known as BNY Mellon-Alcentra Mezzanine Partners. The Group was originally established in 1998 and is based in New York City.


DEAL STATS #
Overall 53 of 54
Sector: Financial Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 11 of 12
Country: United Kingdom M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Lugano Diamonds & Jewelry

Newport Beach, California, United States

Lugano Diamonds & Jewelry designs and retails high-jewellery pieces and custom jewellery, focusing on rare gems, intricate craftsmanship and luxury retail experiences. The Company serves an affluent international client base through boutiques in major cities and private-client appointments. Lugano Diamonds & Jewelry was established in 2004 and is based in Newport Beach, California.

Sell $256M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-09 Battery Solutions

Howell, Michigan, United States

Battery Solutions is a provider of battery recycling services to corporations, governments, municipalities, and households. Battery Solutions was founded in 1971 and is based in Howell, Michigan.

Sell -

Seller(S) 2

SELLER

Värde Partners

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1993
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Värde Partners is a global alternative investment advisor and firm focused on a variety of strategies. Värde will consider a broad array of investments including corporate assets and sovereign debt, residential mortgages, real estate, specialty finance, transportation, infrastructure, and logistics. Värde Partners was formed in 2000 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 10 of 11
Sector: Financial Services M&A 6 of 6
Type: Secondary Buyout M&A Deals 4 of 4
Country: United Kingdom M&A 2 of 2
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-19 Global Cloud Xchange

Hamilton, Bermuda

Global Cloud Xchange provides high-bandwidth connectivity to a range of blue-chip customers including hyperscalers, telecommunications operators, new media providers, and enterprises. Global Cloud Xchange is based in Hamilton, Bermuda.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-21 Trastor

Athens, Greece

Trastor is a property investment company. Its property portfolio includes shops, offices, gas stations, and garages. Trastor is based in Athens, Greece.

Sell -
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 179 of 210
Sector: Financial Services M&A 4 of 7
Type: Secondary Buyout M&A Deals 65 of 77
Country: United Kingdom M&A 173 of 204
Year: 2022 M&A 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 Bramble Foods

Market Harborough, United Kingdom

Bramble Foods manufactures and supplies food products ranging from preserves, pickles, chutneys, and sauces, to cakes, biscuits, confectionery, hampers, and seasonal goods. Bramble Foods was founded in 2008 and is based in Market Harborough, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-31 Stuart Turner

Henley-on-Thames, United Kingdom

Stuart Turner supplies water-boosting products that manage water pressure in residential and commercial applications. These range from domestic shower pumps, where the company’s Monsoon product is the UK market leader, to bespoke systems that combine cold-water boosting, pressurisation units and circulators to manage the supply of hot and cold water in commercial buildings and for industrial purposes. Stuart Turner was founded in 1906 and is based in Henley-on-Thames, United Kingdom.

Sell -