M&A Deal Summary

Hero Motocorp Acquires Telecom Service Centres

On July 1, 2008, Hero Motocorp acquired software company Telecom Service Centres from Lloyds TSB Development Capital for 40M GBP

Acquisition Highlights
  • This is Hero Motocorp’s 1st transaction in the Software sector.
  • This is Hero Motocorp’s 0th largest (disclosed) transaction.
  • This is Hero Motocorp’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2008-07-01
Target Telecom Service Centres
Sector Software
Buyer(s) Hero Motocorp
Sellers(s) Lloyds TSB Development Capital
Deal Type Add-on Acquisition
Deal Value 40M GBP

Target

Telecom Service Centres

Isle of Bute, United Kingdom
TSC was formed in 1994 with a vision to provide best-in-class contact centre services and technology solutions. Since then, TSC has expanded quickly to create nine contact centres throughout Scotland, bringing employment to rural communities.

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Buyer(S) 1

Buyer

Hero Motocorp

New Delhi, India
Category Company
Founded 1984
Sector Automotive
Employees9,173
Revenue 377.9B INR (2024)
DESCRIPTION

Hero Motocorp is a manufacturer of two - wheelers. Hero Motocorp was founded in 1984 and is based in New Delhi, India.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2008) 1 of 1

Seller(S) 1

SELLER

Lloyds TSB Development Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 2.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Lloyds TSB Development Capital Ltd (LDC) is the private equity arm of Lloyds Banking Group Plc and invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. Lloyds TSB Development Capital Ltd was formed in 1981 and is based in London.

DEAL STATS #
Overall 21 of 192
Sector (Software) 2 of 16
Type (Add-on Acquisition) 8 of 92
Country (United Kingdom) 20 of 186
Year (2008) 3 of 5
Size (of disclosed) 44 of 61
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-27 eve trakway

Derbyshire, United Kingdom

Eve Trakway is a supplier of temporary vehicle and pedestrian access equipment used in major rail, communication and utilities infrastructure projects and high-profile outdoor events.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-25 ATPI

London, United Kingdom

ATPI is an international travel management and event company, with a network spanning 37 countries. ATPI was founded in 2002 and is based in London, United Kingdom.

Sell £74M
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