Buyout (LBO, MBO, MBI) • Construction

Duke Street Private Equity and Souter Investments Limited Acquire Suir Engineering

On November 15, 2022, private equity firm Duke Street Private Equity and family office Souter Investments Limited acquired construction company Suir Engineering

Acquisition Context
  • This is Duke Street Private Equity’s 3rd and Souter Investments Limited’s 2nd transaction in the Construction sector.
  • This is Duke Street Private Equity’s 33rd and Souter Investments Limited’s 36th transaction in the United Kingdom.

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M&A Deal Summary

Date November 15, 2022
Target Suir Engineering
Sector Construction
Buyer(s) Duke Street Private Equity
Souter Investments Limited
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Suir Engineering

Waterford, United Kingdom
Suir Engineering is a provider of innovative mechanical, electrical, and instrumentation engineering solutions across Europe. The company operates in sectors including data centres, energy and utilities, pharmaceuticals, food and beverage, and renewable energy. Suir Engineering was founded in 1984 and is based in Waterford, United Kingdom.
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Buyers Overview 2

Buyer

Duke Street Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 3.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Duke Street Private Equity is a European private equity firm that targets investments in mid-market UK and French businesses valued between €50 and €350 million. Duke Street looks to build companies through organic growth and acquisitions. Sectors of interest include business services and outsourcing, retail and consumer, food, industrial, healthcare, leisure, and financial services. Duke Street Private Equity was founded in 1988 and is based in London, United Kingdom.


Deal Context for Buyer #
Overall 54 of 57
Sector: Construction 3 of 4
Type: Buyout (LBO, MBO, MBI) 29 of 30
Country: United Kingdom 33 of 34
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-12 Medi-Globe

Stuttgart, Germany

Medi-Globe is a developer, producer, and distributor of medical instruments, catheters, implants, and wound care, focusing on minimal-invasive and non-invasive endoscopy applications. Medi-Globe was founded in 1985 and is based in Stuttgart, Germany.

Sell €245M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-15 Agito Medical

Norresundby, Denmark

Agito Medical is a provider of medical imaging and diagnostic equipment solutions. The company supplies new and pre-owned equipment, rental and leasing solutions, and related services to hospitals, clinics, and imaging centers. Its offering includes equipment for modalities such as MRI, CT, PET/CT, SPECT/CT, ultrasound, and radiography, along with installation, logistics, and technical support services. Agito Medical was founded in 2004 and is based in Norresundby, Denmark.

Buy -
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 Context for Buyer #
Overall 41 of 48
Sector: Construction 2 of 3
Type: Buyout (LBO, MBO, MBI) 12 of 14
Country: United Kingdom 36 of 42
Year: 2022 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-19 Pelion

Glasgow, United Kingdom

Pelion is a global Internet of Things (IoT) connectivity platform, providing secure and scalable IoT connectivity for more than 500 enterprise customers. Pelion’s technology enables IoT devices to connect to the optimal cellular network and technology, orchestrated through a platform that allows customers to manage and control deployed devices. Pelion is based in Glasgow, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-17 DivideBuy

Staffordshire, United Kingdom

DivideBuy is a FinTech company which offers interest free credit to customers through selected online and offline retailers. DivideBuy provides interest-free credit to over 300,000 account holders. The company currently has partnerships with over 400 retailers. DivideBuy was founded in 2012 and is based in Staffordshire, United Kingdom.

Sell -