M&A Deal Summary

Endless Acquires Menzies Distribution

On September 4, 2018, private equity firm Endless acquired distribution company Menzies Distribution from Menzies Aviation for 75M GBP

Acquisition Highlights
  • This is Endless’ 3rd transaction in the Distribution sector.
  • This is Endless’ largest (disclosed) transaction.
  • This is Endless’ 52nd transaction in the United Kingdom.

M&A Deal Summary
Date 2018-09-04
Target Menzies Distribution
Sector Distribution
Buyer(s) Endless
Sellers(s) Menzies Aviation
Deal Type Divestiture
Deal Value 75M GBP

Target

Menzies Distribution

Edinburgh, United Kingdom
Menzies Distribution operates a time-critical logistics network in Ireland, providing final mile delivery for over 100 million units each year and serving customers in the press, travel and third-party logistics sectors. While its core business involves strategic partnering with publishers to provide a sustainable route to market for their product, the company began a successful diversification strategy harnessing its unique in Ireland network capabilities to work with national parcel carriers and to develop an innovative solution for retailers. Menzies Distribution was founded in 1979 and is based in Edinburgh, United Kingdom.

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Buyer(S) 1

Buyer

Endless

Leeds, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 1.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Endless LLP is an independent private equity firm that targets management buyouts and turnaround investment opportunities in a variety of industries. Endless invests in UK based companies with generating sales of £10 to £1000 million. Endless can commit up to £80 million for each transaction in the form of equity and/or debt. Endless will not invest in startups or companies with less than £10 million of sales. Endless was formed in 2005 and has offices in Leeds, Manchester and Solihull.

DEAL STATS #
Overall 54 of 75
Sector (Distribution) 3 of 3
Type (Divestiture) 8 of 13
Country (United Kingdom) 52 of 72
Year (2018) 2 of 3
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-13 Works

Birmingham, United Kingdom

Works is a discount retailer with a chain of stores throughout the UK. The Company was formed in 1981 and is headquartered in Birmingham, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Ink

London, United Kingdom

Ink is a travel media and marketing company. Ink publishes in-flight magazines for more than 40 different airlines and has offices across the world. Ink was founded in 1994 and is based in London, England.

Sell -

Seller(S) 1

SELLER

Menzies Aviation

Edinburgh Park, United Kingdom
Category Company
Sector Aerospace
Revenue 1.4B USD (2021)
DESCRIPTION

Menzies Aviation is an aviation services business providing ground handling, cargo handling, cargo forwarding and into-plane (ITP) fuelling. Menzies Aviation is based in Edinburgh Park, United Kingdom.

DEAL STATS #
Overall 2 of 2
Sector (Distribution) 1 of 1
Type (Divestiture) 2 of 2
Country (United Kingdom) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-16 ASIG Holdings

Orlando, Florida, United States

ASIG Holdings Corp. is one of the largest independent providers of commercial airline services in the world. Headquartered in Orlando, Florida, it currently has operations in 88 locations across seven countries and is one of the market leaders for into plane ("ITP") fuelling and fuel farm management ("FFM") services in North America and the UK, where it also has ground handling operations in high-traffic airports as well as small and medium sized airports.

Buy $202M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-19 Interexpresso

Alajuela, Costa Rica

Interexpresso is an aviation service provider operating in Central America and headquartered in Costa Rica. Interexpresso’s core business relates to cargo handling and aviation security services, primarily consisting of cargo document handling, cargo security screening and aircraft access control. Interexpresso’s operations are based in San Jose, Costa Rica, with additional operations in Guatemala and El Salvador.

Buy -
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