M&A Deal Summary

Angel Trains Acquires Readypower Group

On January 31, 2022, Angel Trains acquired business services company Readypower Group from Primary Capital

Acquisition Highlights
  • This is Angel Trains’ 1st transaction in the Business Services sector.
  • This is Angel Trains’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2022-01-31
Target Readypower Group
Sector Business Services
Buyer(s) Angel Trains
Sellers(s) Primary Capital
Deal Type Add-on Acquisition

Target

Readypower Group

Reading, United Kingdom
Readypower Group is a specialist rail and infrastructure services provider with a market leading operated asset hire business complemented by a specialist civil engineering division. With extensive knowledge and understanding of the UK’s regulated infrastructure and operated asset hire, it provides dynamic solutions underpinned by a renowned tradition of customer service with outstanding reliability. Readypower Group was established in 1992 and is based in Berkshire, United Kingdom.

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Buyer(S) 1

Buyer

Angel Trains

London, United Kingdom
Category Company
Founded 1994
Sector Transportation
DESCRIPTION

Angel Trains is an operator of UK passenger rolling stock leasing companies created as part of the privatization of the UK railways, comprising approximately 3,600 electric and diesel railway engines and carriages. Angel Trains was founded in 1994 and is based in London, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Primary Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 700M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Primary Capital is a private equity firm focused on management buyouts and buy-ins of mid-market companies with an enterprise value of £20 - £100 million. Primary looks for opportunities across Europe but concentrates primarily on businesses located in the UK and Germany. The Firm looks to invest £10 to £44 million of equity or equity-related capital per transaction. Target sectors include consumer products/services, business & support services, financial services, IT services, software, and industrial products/services. Primary was formed in 1994 and is based in London.

DEAL STATS #
Overall 23 of 24
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 15 of 16
Country (United Kingdom) 21 of 22
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 ICS Learn

Glasgow, United Kingdom

ICS Learn is an online professional education platform offering learners flexible courses, accredited by industry-leading awarding bodies in human resources, accounting, and fitness. ICS Learn was established in 1889 and is based in Glasgow, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-12 Maru Group

London, United Kingdom

Maru Group is a customer intelligence professional services firm delivering information and insight services. Operating in multiple countries, MARU Group provides research, insight, and advisory services to large enterprises across a broad spectrum of industries and markets. MARU Group's core area of expertise is providing fast and strategic customer feedback to corporates through a variety of technology platforms. Maru Group was established in 2016 and is based in London, United Kingdom.

Sell -
Mergr

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