M&A Deal Summary

August Equity Acquires Rixonway Kitchens

On May 31, 2006, private equity firm August Equity acquired building materials company Rixonway Kitchens for 20M GBP

Acquisition Highlights
  • This is August Equity’s 2nd transaction in the Building Materials sector.
  • This is August Equity’s 10th largest (disclosed) transaction.
  • This is August Equity’s 9th transaction in the United Kingdom.
Investment Fate
  • Rixonway Kitchens was sold to a publicly-traded strategic buyer in 2014 for 34M GBP.

M&A Deal Summary

Date 2006-05-31
Target Rixonway Kitchens
Sector Building Materials
Buyer(s) August Equity
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 20M GBP

Target

Rixonway Kitchens

Dewsbury, West Yorkshire, United Kingdom
Rixonway operates in the social housing market and provides the complete kitchen solution for community regeneration. Rixonway was established in 1979 and is located in Dewsbury, near Leeds. Rixonway is the only UK company completely dedicated to providing kitchens for community regeneration and has over 25 years experience in social housing and the public sector.

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Buyer(S) 1

Buyer

August Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 350M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

August Equity is a private equity firm that provides capital for management buyouts, buy-ins, growth financings, and recapitalizations of small and medium-sized UK-based companies. August Equity targets growth companies with strong cash-flow operating within four sectors. These include healthcare, media/technology, industrial products and services, and consumer products and services. August Equity looks to commit £10 to £50 million per transaction. August Equity was formed in 2001 and is based in London.


DEAL STATS #
Overall 9 of 48
Sector: Building Materials M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 23
Country: United Kingdom M&A 9 of 45
Year: 2006 M&A 2 of 4
Size (of disclosed) 10 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-24 Gorkana Group

London, United Kingdom

The Gorkana Group is a PR planning, monitoring and evaluation business for corporates, PRs and Government which helps deliver efficient PR and marketing campaigns and manage corporate reputations. Gorkana was formerly known as Durrants and is headquartered in London, United Kingdom.

Sell £82M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 Planit Holdings

Ashford, United Kingdom

Planit Holdings Ltd. is a developer and supporter of software and services for Computer Aided Manufacturing ('CAM') for the woodworking, cabinet-making, engineering and stone industries. Planit also specialises in Computer Aided Design ('CAD') solutions for retail design for kitchen and bathroom retailers and business management.

Buy £41M