M&A Deal Summary

Gresham Acquires Beck & Pollitzer

On March 1, 1998, private equity firm Gresham acquired machinery company Beck & Pollitzer from BC Partners for 23M GBP

Acquisition Highlights
  • This is Gresham’s 1st transaction in the Machinery sector.
  • This is Gresham’s 8th largest (disclosed) transaction.
  • This is Gresham’s 1st transaction in the United Kingdom.
Investment Fate
  • Beck & Pollitzer was sold to management in 2004.
  • Beck & Pollitzer was sold to a financial buyer in 2007 for 55M GBP.
  • Beck & Pollitzer was sold to a consortium of financial buyers in 2016.

M&A Deal Summary

Date 1998-03-01
Target Beck & Pollitzer
Sector Machinery
Buyer(s) Gresham
Sellers(s) BC Partners
Deal Type Secondary Buyout
Deal Value 23M GBP

Target

Beck & Pollitzer

Kent, United Kingdom
Beck & Pollitzer is a provider of complete machinery solutions. The company helps clients to relocate and install factories and machinery across the UK and Europe. Beck & Pollitzer was founded in 1863 and is based in Kent, United Kingdom.

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Buyer(S) 1

Buyer

Gresham

London, United Kingdom

Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Gresham LLP is a private equity firm focused on management buyouts across a broad range of industries in the UK. Gresham considers transactions up to GBP100 million with an emphasis on opportunities in business services, support services, consumer products and services, financial services, healthcare/pharmaceuticals, industrial products and energy/environmental. Gresham is based in London with additional offices in Birmingham and Manchester.


DEAL STATS #
Overall 1 of 32
Sector: Machinery M&A 1 of 3
Type: Secondary Buyout M&A Deals 1 of 2
Country: United Kingdom M&A 1 of 32
Year: 1998 M&A 1 of 1
Size (of disclosed) 8 of 18
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-01 Alstec Group

London, United Kingdom

Alstec Group Ltd. is a provider of specialized materials handling services.

Buy -

Seller(S) 1

SELLER

BC Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 30.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

BC Partners is a large investment group focused on private equity, credit, real estate, and co-investment strategies. The Firm's private equity group looks to make control investments in European and North American businesses valued above €300 million. Sectors of interest include healthcare, directory publishing, media, industrial products, food, distribution, manufacturing, consumer services, business services, and communications. BC Partners was formed in 1986 and is based in London, England.


DEAL STATS #
Overall 2 of 61
Sector: Machinery M&A 1 of 3
Type: Secondary Buyout M&A Deals 1 of 20
Country: United Kingdom M&A 1 of 14
Year: 1998 M&A 1 of 1
Size (of disclosed) 16 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-12-01 Elior SCA

Paris, France

France's leading concession and contract caterers, we invested €427m in a complex leveraged buyout to create Eliance, a new company that immediately became France's leading concession catering company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-27 Auto Trader Group

Manchester, United Kingdom

Auto Trader Group is a publisher of classified advertising publications. Auto Trader Group was incorporated in 1977 and is based in Manchester, the United Kingdom.

Buy AU$260M