M&A Deal Summary

GE Capital Acquires Delta Fluid Products ltd.

On February 1, 2004, GE Capital acquired manufacturer Delta Fluid Products ltd. from Growth Capital Partners for 8M GBP

Acquisition Highlights
  • This is GE Capital’s 1st transaction in the Manufacturing sector.
  • This is GE Capital’s largest (disclosed) transaction.
  • This is GE Capital’s 1st transaction in the United Kingdom.
Investment Fate
  • Delta Fluid Products ltd. was divested to a consortium of strategic buyers in 2008.

M&A Deal Summary
Date 2004-02-01
Target Delta Fluid Products ltd.
Sector Manufacturing
Buyer(s) GE Capital
Sellers(s) Growth Capital Partners
Deal Type Add-on Acquisition
Deal Value 8M GBP
Advisor(s) Dow Schofield Watts Corporate Finance Ltd. (Financial)

Target

Delta Fluid Products ltd.

St Helens, United Kingdom
DFP is a well established branded valves and fittings manufacturer based in the North West of England. It has a blue chip customer base including TRANSCO (British Gas), United Utilities and BSS, as well as significant export sales.

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Buyer(S) 1

Buyer

GE Capital

Norwalk, Connecticut, United States
Category Company
Founded 1932
Sector Financial Services
Employees47,000
DESCRIPTION

GE Capital is the financing division of General Electric Co and is currently comprised of GE Capital Aviation Services and GE Energy Financial Services. These entities provide commercial lending and leasing, as well as a range of financial services for commercial aviation, energy, and support for GE's industrial business unit.

DEAL STATS #
Overall 1 of 5
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (United Kingdom) 1 of 2
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-16 PMG

Schaumburg, Illinois, United States

PMG is a provider of roadside assistance serving customers across the US. PMG provides legal services benefits plans and membership-based consumer affinity offerings in the shopping, wellness, travel and entertainment areas. PMG is headquartered in Schaumburg, Illinois.

Sell -

Seller(S) 1

SELLER

Growth Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2009
PE ASSETS 250M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Growth Capital Partners LLP is a private equity firm that seeks investments in small to mid-sized UK based businesses. GCP provides both debt and equity capital for profitable companies with strong growth prospects and experienced management teams. The Firm typically looks to invest £5m - £50 million. Specific areas of interest include business support services, leisure, transport and distribution, consumer products and specialist engineering. Types of transactions include MBOs, growth capital financings, and secondary or tertiary buyouts. Growth Capital Partners formerly known as Close Growth Capital was spun out of Close Brothers Group plc and became independent in 2009. Growth Capital Partners LLP is based in London.

DEAL STATS #
Overall 2 of 29
Sector (Manufacturing) 1 of 4
Type (Add-on Acquisition) 1 of 13
Country (United Kingdom) 2 of 28
Year (2004) 1 of 1
Size (of disclosed) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-01 Walker Leisure

United Kingdom

Walker Leisure Ltd trading as Westvale operated 13 bingo clubs in the Midlands/North of England.

Buy £10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 Chilworth Manor Limited

Hampshire, United Kingdom

Chilworth is a 100 bedroom hotel and conference facility focusing on corporate day and residential conferences, plus the weekend and wedding trade.

Sell -
Mergr

Product

Company

Legal