Investment Summary

Gresham Exits IESA

On May 24, 2018, RS Group invested in business services company IESA from Gresham for 88M GBP

Investment Highlights
  • This is RS Group’s 1st transaction in the Business Services sector.
  • This is RS Group’s 3rd largest (disclosed) transaction.
  • This is RS Group’s 1st transaction in the United Kingdom.

Investment Summary

Date 2018-05-24
Target IESA
Sector Business Services
Investor(s) RS Group
Sellers(s) Gresham
Deal Type Add-on Acquisition
Deal Value 88M GBP

Target

IESA

Warrington, United Kingdom
IESA is a provider of e-procurement business, enabling its customers to fully outsource the management of their maintenance, repair and operations expenditure. IESA was founded in 2001 and is based in Warrington, United Kingdom.

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Investor(S) 1

Investor

RS Group

London, United Kingdom

Category Company
Founded 1928
Sector Distribution
Employees8,500
Revenue 2.9B GBP (2025)
DESCRIPTION

RS Group is a provider of product and service solutions for industrial customers, offering an extensive selection of RS PRO brand industrial control and communication products engineered to deliver an optimal combination of quality, choice, and value and proven in a wide range of industrial environments. RS Group was incorporated in 1928 and is based in London, England.


DEAL STATS #
Overall 2 of 6
Sector: Business Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 2 of 6
Country: United Kingdom M&A 1 of 3
Year: 2018 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-09 Allied Electronics

Fort Worth, Texas, United States

Allied Electronics is a high service level authorized distributor of industrial automation products, electronic components, and electromechanical products.

Buy $380M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-31 RS Components

N17 9RS, Nova Scotia, United Kingdom

Monition Ltd. is a provider in the design, development, and application of leading reliability and condition-monitoring systems. Monition delivers full-scale reliability and condition monitoring services through a team of highly skilled engineers and industry accredited analysts, using the latest analytical tools and techniques. Monition was founded in 1988 and is based in Corby, England.

Buy -

Seller(S) 1

SELLER

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 27 of 27
Sector: Business Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 10 of 10
Country: United Kingdom M&A 27 of 27
Year: 2018 M&A 1 of 1
Size (of disclosed) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-15 R P Martin

London, United Kingdom

R P Martin Limited is the holding company for Martin Brokers (MB) and Trio Equity Derivatives (TED) the two principal trading entities within the Group (Martins). Established more than 100 years ago Martins is the oldest money broking company in the world.

Sell -