M&A Deal Summary

Hero Motocorp Acquires Telecom Service Centres

On July 1, 2008, Hero Motocorp acquired software company Telecom Service Centres from LDC 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) LDC
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

LDC

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 3.6B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC 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. LDC was formed in 1981 and is based in London.

DEAL STATS #
Overall 21 of 199
Sector (Software) 2 of 16
Type (Add-on Acquisition) 8 of 94
Country (United Kingdom) 20 of 193
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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