M&A Deal Summary

Apollo Global Management Acquires United Living

On May 30, 2023, asset manager Apollo Global Management acquired construction company United Living from Elysian Capital

Acquisition Highlights
  • This is Apollo Global Management’s 3rd transaction in the Construction sector.
  • This is Apollo Global Management’s 9th transaction in the United Kingdom.

M&A Deal Summary
Date 2023-05-30
Target United Living
Sector Construction
Buyer(s) Apollo Global Management
Sellers(s) Elysian Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Daiwa Corporate Advisory Ltd. (DC Advisory)
Deloitte (Financial)
Addleshaw Goddard (Legal)

Target

United Living

Kent, United Kingdom
United Living provides a range of mission critical maintenance and construction services. United Living consists of three complementary businesses with one unified culture; United Living Property Services, Infrastructure Services and New Homes. Company provides the essential services to the owners and operators of critical UK property and infrastructure assets, supporting the development of communities where people want to live, work and play. United Living was founded in 1964 and is based in Kent, United Kingdom.

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.

DEAL STATS #
Overall 131 of 140
Sector (Construction) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 15 of 18
Country (United Kingdom) 9 of 10
Year (2023) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-30 Riverbed

San Francisco, California, United States

Riverbed is a provider of software for mobile computing applications services. Riverbed delivers application performance for the globally connected enterprise. It helps clients in implementing strategic initiatives such as virtualization, consolidation, cloud computing, and disaster recovery. Riverbed was founded in 2002 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-07 Accent Family of Companies

Tomball, Texas, United States

Accent Family of Companies is a full service, value-added industrial distribution company focused on the waste/recycling and building materials industries. Through its Wire-Tie division, Accent’s core offerings include baling wire distribution, bale tie manufacturing, wire-tier equipment manufacturing, and wire-tier parts and repair services to waste management providers, material recovery facilities, packaging companies, and commercial customers throughout the United States, Canada, and the United Kingdom. Through its Building Materials division, Accent is a regional distributor of roofing, concrete, drywall, and acoustical products to the construction industry under the Striker and NATCO brands throughout the west, southwest, and gulf coast the United States. Accent Family of Companies was founded in 1986 and is based in Tomball, Texas.

Buy -

Seller(S) 1

SELLER

Elysian Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 700M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Elysian Capital LLP is an independent private equity firm that targets management buyouts of growing, profitable businesses throughout the UK. Elysian focuses on lower mid-market companies valued between £20 and £100 million. Sectors of interest include healthcare, local and central government, consumer/retail, utilities/renewable and financial/support services. Elysian Capital LLP was formed in 2007 and is based in London.

DEAL STATS #
Overall 6 of 7
Sector (Construction) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
Country (United Kingdom) 6 of 7
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 Fastway Couriers

Dublin, Ireland

Fastway Couriers is a parcel courier businesses in Ireland. Fastway Couriers was founded in 2002 and is based in Dublin, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-20 Axis Well Technology

Aberdeen, United Kingdom

Axis Well Technology is an independent provider of oil and gas consultancy services to the upstream oil and gas sector. Axis has grown rapidly from its well testing focus to become an industry leader of integrated in-demand consultancy services throughout the good life cycle in well testing; well intervention; completions; petroleum engineering; oil and gas production optimization; subsurface and project management. Axis Well Technology was founded in 2001 and is based in Aberdeen, United Kingdom.

Sell -
Mergr

Product

Company

Legal