M&A Deal Summary

idverde UK Acquires TCL Group

On October 14, 2019, idverde UK acquired business services company TCL Group from BGF

Acquisition Highlights
  • This is idverde UK’s 1st transaction in the Business Services sector.
  • This is idverde UK’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2019-10-14
Target TCL Group
Sector Business Services
Buyer(s) idverde UK
Sellers(s) BGF
Deal Type Add-on Acquisition

Target

TCL Group

Little Eaton, United Kingdom
TCL Group is one of the major landscape services, estate management and play space service providers in the UK. However, TCL Group is much more than this. TCL Group's strength is in designing, creating and maintaining outdoor spaces in which people want to live, relax, work and play.

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Buyer(S) 1

Buyer

idverde UK

Coventry, United Kingdom

Category Company
Sector Business Services
DESCRIPTION

idverde UK Ltd. Europe’s largest provider of grounds maintenance services and landscape construction projects, operating throughout the UK, France, and the Netherlands. We offer a holistic range of services to support the creation, maintenance, and management of landscapes throughout the UK, working with both public and private sector clients to deliver bespoke solutions for each project’s unique challenges.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

BGF

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2011
PE ASSETS 2.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Business Growth Fund (BGF) is a private investment firm focused on early and growth-stage investing across the UK. The Firm also invests in publicly traded companies. BGF's growth team looks to invest £1 to £15 million in small to mid-sized companies looking for additional capital to pursue growth. BGF was established in 2011 and is headquartered in London.


DEAL STATS #
Overall 29 of 131
Sector: Business Services M&A 5 of 12
Type: Add-on Acquisition M&A Deals 15 of 70
Country: United Kingdom M&A 28 of 125
Year: 2019 M&A 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-24 Orbitaled

Cheadle Hulme, United Kingdom

Orbitaled operates international schools for local and ex-pat families looking to educate their children within an English-speaking, high-quality school environment. The schools specialize in the delivery of an English national curriculum for children between ages 2 and 18, with 10 private international schools across seven geographies. Orbitaled was founded in 2005 and is based in Cheadle, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-28 3sun Group

Great Yarmouth, United Kingdom

3sun Group is a specialist provider of products and services to the global energy industry. 3sun Group was founded in 2007 and is based in Great Yarmouth, United Kingdom.

Sell -