M&A Deal Summary

Brunner Mond Group Acquires British Salt

On December 20, 2010, Brunner Mond Group acquired manufacturer British Salt from Lloyds TSB Development Capital for 93M GBP

Acquisition Highlights
  • This is Brunner Mond Group’s 1st transaction in the Manufacturing sector.
  • This is Brunner Mond Group’s largest (disclosed) transaction.
  • This is Brunner Mond Group’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2010-12-20
Target British Salt
Sector Manufacturing
Buyer(s) Brunner Mond Group
Sellers(s) Lloyds TSB Development Capital
Deal Type Add-on Acquisition
Deal Value 93M GBP

Target

British Salt

Cheshire, United Kingdom
Based in Middlewich, Cheshire, British Salt produces a wide variety of specialist salt products for a diverse range of UK and overseas markets, from food processing to the production of chemicals such as chlorine.

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Buyer(S) 1

Buyer

Brunner Mond Group

Northwich, United Kingdom
Category Company
Founded 1873
Sector Chemicals
DESCRIPTION

Brunner Mond is a manufacturer of soda ash in the UK.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Lloyds TSB Development Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 2.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Lloyds TSB Development Capital Ltd (LDC) is the private equity arm of Lloyds Banking Group Plc and 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. Lloyds TSB Development Capital Ltd was formed in 1981 and is based in London.

DEAL STATS #
Overall 33 of 192
Sector (Manufacturing) 2 of 7
Type (Add-on Acquisition) 16 of 92
Country (United Kingdom) 31 of 186
Year (2010) 8 of 8
Size (of disclosed) 20 of 61
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-01 Omega Red Group

Nottingham, United Kingdom

Omega Red Group is the U.K. market leader in the specialist design, supply, installation, testing and maintenance of electrical earthing and lightning protection systems.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-31 Sala International

Shoeburyenss, United Kingdom

Sala International is one of the UK leaders in record management and was established in 1994. In October 2011 it merged with EDM Group. Essentially the company provides physical record and digital information storage facilities and services. Sala manages in excess of 400,000 square feet of secure space and stores 1.5 million boxes including 50 miles of live filing on behalf of its prestigious client base. Sala has carefully developed a suite of services that encompass the complete lifecycle events of those records entrusted to the company by its clients. These services include records management, scan on demand, archiving and storage, microfilm digitisation, live file management and online file retrieval using our bespoke FARIO system. All services are delivered and operate to the highest security levels. Sala International is active in a wide range of industry sectors, including Financial Services, Public Sector, Healthcare, Support Services and Retail. The company is a member of AIIM and the Records Management Society of Great Britain.

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