M&A Deal Summary

Horizon Capital UK and Ardian Acquire Bellrock Property & Facilities Management

On August 7, 2013, private equity firms Horizon Capital UK and Ardian acquired business services company Bellrock Property & Facilities Management from Johnson Service Group for 32M GBP

Acquisition Highlights
  • This is Horizon Capital UK’s 3rd and Ardian’s 15th transaction in the Business Services sector.
  • This is Horizon Capital UK’s 5th and Ardian’s 64th largest (disclosed) transaction.
  • This is Horizon Capital UK’s 19th and Ardian’s 14th transaction in the United Kingdom.
Investment Fate
  • Bellrock Property & Facilities Management was sold to a consortium of financial buyers in 2021.

M&A Deal Summary
Date 2013-08-07
Target Bellrock Property & Facilities Management
Sector Business Services
Buyer(s) Horizon Capital UK
Ardian
Sellers(s) Johnson Service Group
Deal Type Divestiture
Deal Value 32M GBP

Target

Bellrock Property & Facilities Management

Leicester, United Kingdom
Bellrock Property & Facilities Management supplies a range of managed facilities and property services under long-term contracts to a blue-chip client-base spanning the healthcare, education, corporate and retail sectors. Bellrock Property & Facilities Management was founded in 1995 and is based in Leicester, United Kingdom.

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Buyer(S) 2

Buyer

Horizon Capital UK

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Horizon Capital is a private equity firm that targets investments in middle-market companies valued up to £100 million. The Firm has a preference for UK-headquartered businesses and will consider opportunities in the technology services, software, data/analytics, and business services sectors. Prospective transaction situations include buyouts with potential for consolidation. Horizon Capital was formed in 1999 and is based in London.

DEAL STATS #
Overall 20 of 43
Sector (Business Services) 3 of 6
Type (Divestiture) 1 of 1
Country (United Kingdom) 19 of 39
Year (2013) 2 of 3
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-07 Liaise Group

London, United Kingdom

Liaise Group supports adults with learning disabilities, mental health needs, and challenging behaviors. In the five years since its inception, the company has developed 10 purpose-built care units with a total of 68 beds across seven company-owned sites. Liaise Group was founded in 2001 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-16 Isotrak

Orlando, Florida, United States

Isotrak, Inc. is a provider of GPS vehicle tracking and fleet management software solutions. Isotrak was founded in 1999 and is based in Orlando, Florida.

Buy -
Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.

DEAL STATS #
Overall 198 of 418
Sector (Business Services) 15 of 35
Type (Divestiture) 13 of 30
Country (United Kingdom) 14 of 26
Year (2013) 4 of 10
Size (of disclosed) 64 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-05 Arkadin S.A.

Paris, France

Founded in France in 2001, Arkadin provides a complete range of remote collaboration solutions (audio, web and video conferencing services).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Surys

Seine et Marne, France

Surys is a provider of optical and digital security solutions used to authenticate identity documents, vehicle registrations, fiduciary documents, branded products, and tax labels.

Sell -

Seller(S) 1

SELLER

Johnson Service Group

Cheshire, United Kingdom
Category Company
Founded 2007
Sector Business Services
Revenue 52M GBP (2012)
DESCRIPTION

SGP was established in 2007 and provides managed facilities and property services under long-term contracts to clients in the healthcare, education, corporate and retail sectors.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-03 Bourne Services Group

Bourne, United Kingdom

Bourne operations are focused on the hotel linen rental market and it currently supplies some 350 hotels servicing approximately 28,000 bedrooms. Bourne operates from purpose built freehold premises which cover 4 acres and has a total of 90,000 sq ft of production capacity and is located in Bourne, Lincolnshire.

Buy £22M
Mergr

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