M&A Deal Summary

Souter Investments Limited, MML and Cabot Square Capital Acquire Premier Modular

On August 15, 2023, family office Souter Investments Limited, private equity firm MML and private equity firm Cabot Square Capital acquired building materials company Premier Modular from Cabot Square Capital

Acquisition Highlights
  • This is Souter Investments Limited’s 1st, MML’s 1st and Cabot Square Capital’s 2nd transaction in the Building Materials sector.
  • This is Souter Investments Limited’s 40th, MML’s 26th and Cabot Square Capital’s 16th transaction in the United Kingdom.

M&A Deal Summary

Date 2023-08-15
Target Premier Modular
Sector Building Materials
Buyer(s) Souter Investments Limited
MML
Cabot Square Capital
Sellers(s) Cabot Square Capital
Deal Type Secondary Buyout

Target

Premier Modular

Brandesburton, United Kingdom
Premier Modular is a provider of leasing and permanent modular solutions in the UK and Europe. Premier Modular primarily serves medium to long term needs for essential infrastructure, including education, healthcare, and public infrastructure, as well as various commercial applications. Premier Modular was founded in 1956 and is based in Brandesburton, United Kingdom.

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Buyer(S) 3

DESCRIPTION

Souter Investments is a family office focused on private equity investing throughout the UK. The Firm looks to commit £2 to £30 million to support a variety of transaction situations including buyouts, growth capital financings, corporate divestitures, and balance sheet restructurings. Broad areas of interest include transportation, luxury goods, financial services, healthcare, and business services. Souter Investments was established in 2008 and is based in Edinburgh, Scotland.


DEAL STATS #
Overall 45 of 48
Sector: Building Materials M&A 1 of 1
Type: Secondary Buyout M&A Deals 7 of 9
Country: United Kingdom M&A 40 of 42
Year: 2023 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-03 Intralink

Abingdon, United Kingdom

Intralink is a business development and innovation consultancy that specialises in securing commercial deals between western and Asian tech and sustainability businesses. Intralink is based in Abingdon, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-03 Premier Hytemp

Newbridge, United Kingdom

Premier Hytemp is engaged in supply and precision machining of advanced metals, including specialist nickel alloys for use in critical components across complex high temperature, high pressure, and corrosive environments. Premier Hytemp was formed in 1985 and is based in Newbridge, United Kingdom.

Buy -
Buyer

MML

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

MML Capital Partners is an investment firm that targets subordinated debt and traditional private equity investments across the US and Europe. MML Capital looks for transactions requiring €5 million and €200 million of capital to support expansion financing, management buyouts, recapitalizations, leveraged buyouts, and take privates. MML Capital invested more than €2 billion across 11 countries. MML Capital was formed in 1988 and has offices in London, Paris, and Stamford, Connecticut.


DEAL STATS #
Overall 59 of 61
Sector: Building Materials M&A 1 of 1
Type: Secondary Buyout M&A Deals 12 of 14
Country: United Kingdom M&A 26 of 27
Year: 2023 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 Arηs

Belvaux, Luxembourg

Arηs Group specializes in the management of complex public sector IT projects, including systems integration, informatics and analytics, solution implementation, and program management. It helps lead clients through digital and information systems design, bringing expertise in a variety of areas ranging from software development, data science, and security management to machine learning, cloud, and mobile development. Arηs Group was formed in 2003 and is based in Belvaux, Luxembourg.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-18 Arηs

Belvaux, Luxembourg

Arηs Group specializes in the management of complex public sector IT projects, including systems integration, informatics and analytics, solution implementation, and program management. It helps lead clients through digital and information systems design, bringing expertise in a variety of areas ranging from software development, data science, and security management to machine learning, cloud, and mobile development. Arηs Group was formed in 2003 and is based in Belvaux, Luxembourg.

Sell -
Buyer

Cabot Square Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
Size Small
Type Sector Agnostic
DESCRIPTION

Cabot Square Capital is a private investment firm that seeks investments in small to mid sized businesses located in the UK and Western Europe. Cabot looks for majority control positions and will consider opportunities across various industry sectors. Funds are typically used to 'facilitate transitions, such as start-up, buy and build, turnaround and expansion'. Cabot Square Capital was formed in 1996 and is based in London.


DEAL STATS #
Overall 17 of 17
Sector: Building Materials M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 1
Country: United Kingdom M&A 16 of 16
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-30 Public Sector

London, United Kingdom

Public Sector is a specialist strategic asset manager that partners with public and private sector bodies to add value to land and property assets as well as deliver positive ESG outcomes for local communities. Public Sector is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-17 JBR Capital

London, United Kingdom

JBR Capital is a provider of point-of-sale high end vehicle financing to prime customers in the UK. JBR Capital offers bespoke specialist finance for modern day cars, supercars, classic cars and historic cars to private individuals and businesses. JBR Capital is based in London, United Kingdom.

Sell -

Seller(S) 1

SELLER

Cabot Square Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
Size Small
Type Sector Agnostic
DESCRIPTION

Cabot Square Capital is a private investment firm that seeks investments in small to mid sized businesses located in the UK and Western Europe. Cabot looks for majority control positions and will consider opportunities across various industry sectors. Funds are typically used to 'facilitate transitions, such as start-up, buy and build, turnaround and expansion'. Cabot Square Capital was formed in 1996 and is based in London.


DEAL STATS #
Overall 9 of 10
Sector: Building Materials M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 4
Country: United Kingdom M&A 8 of 9
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-30 Public Sector

London, United Kingdom

Public Sector is a specialist strategic asset manager that partners with public and private sector bodies to add value to land and property assets as well as deliver positive ESG outcomes for local communities. Public Sector is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-17 JBR Capital

London, United Kingdom

JBR Capital is a provider of point-of-sale high end vehicle financing to prime customers in the UK. JBR Capital offers bespoke specialist finance for modern day cars, supercars, classic cars and historic cars to private individuals and businesses. JBR Capital is based in London, United Kingdom.

Sell -