M&A Deal Summary

Babcock International Group Acquires Alstec Group

On May 9, 2006, Babcock International Group acquired utilities company Alstec Group from Gresham for 45M GBP

Acquisition Highlights
  • This is Babcock International Group’s 1st transaction in the Utilities sector.
  • This is Babcock International Group’s 4th largest (disclosed) transaction.
  • This is Babcock International Group’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2006-05-09
Target Alstec Group
Sector Utilities
Buyer(s) Babcock International Group
Sellers(s) Gresham
Deal Type Add-on Acquisition
Deal Value 45M GBP

Target

Alstec Group

London, United Kingdom
Alstec Group Ltd. is a provider of specialized materials handling services.

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Buyer(S) 1

Buyer

Babcock International Group

London, United Kingdom
Category Company
Founded 1891
Sector Environmental
Employees26,115
Revenue 4.4B GBP (2023)
DESCRIPTION

Babcock International Group is a multinational support services company specialising in managing complex assets and infrastructure in safety- and mission-critical environments. Babcock International Group was incorporated in 1891 and is based in London, the United Kingdom.

DEAL STATS #
Overall 2 of 10
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 2 of 9
Country (United Kingdom) 2 of 9
Year (2006) 1 of 2
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-23 Peterhouse Group

Elland, United Kingdom

Peterhouse Group Ltd is a provider of engineering and construction services.

Buy £106M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-13 ABB South Africa

United Kingdom

ABB South Africa is a high voltage power lines and mobile telecoms business.

Buy £5M

Seller(S) 1

SELLER

Gresham

London, United Kingdom
Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Gresham LLP is a private equity firm focused on management buyouts across a broad range of industries in the UK. Gresham considers transactions up to GBP100 million with an emphasis on opportunities in business services, support services, consumer products and services, financial services, healthcare/pharmaceuticals, industrial products and energy/environmental. Gresham is based in London with additional offices in Birmingham and Manchester.

DEAL STATS #
Overall 6 of 27
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 2 of 10
Country (United Kingdom) 6 of 27
Year (2006) 2 of 5
Size (of disclosed) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-02 Altair Filter Technology

Alton, United Kingdom

Altair Filter Technology Ltd. is a provider of inlet filtration solutions for the power generation, oil and gas and marine industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-30 Swift Technical Group

Enfield, United Kingdom

Swift Technical Group Ltd. (Swift Worldwide Resources) is a specialist recruitment provider for the global oil & gas industry.

Buy £21M
Mergr

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