Buyout (LBO, MBO, MBI) • Manufacturing

Ignite Growth and Souter Investments Limited Acquire NTG Precision Engineers

On January 25, 2021, growth capital firm Ignite Growth and family office Souter Investments Limited acquired manufacturer NTG Precision Engineers

Acquisition Context
  • This is Ignite Growth’s 1st and Souter Investments Limited’s 1st transaction in the Manufacturing sector.
  • This is Ignite Growth’s 3rd and Souter Investments Limited’s 25th transaction in the United Kingdom.

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M&A Deal Summary

Date January 25, 2021
Target NTG Precision Engineers
Sector Manufacturing
Buyer(s) Ignite Growth
Souter Investments Limited
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Consilium Partners (Financial)

Target Company

NTG Precision Engineers

Gateshead, United Kingdom
NTG Precision Engineers is a precision engineering business that manufactures low-volume, high-value parts for use in Severe Duty Engineering Applications: where its products operate in high temperature, high pressure, or high-stress environments. NTG Precision Engineers was formed in 1979 and is based in Gateshead, United Kingdom.
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Buyers Overview 2

DESCRIPTION

Ignite Growth is a private investment firm focused on acquiring and investing in UK-based companies valued up to £30 million. The Firm looks to commit £2 to £20 million in profitable companies operating in large and growing markets where Ignite can assist with talent, IT, and growth strategies. Ignite Growth was formed in 2016 and is based in London, United Kingdom.


Deal Context for Buyer #
Overall 3 of 4
Sector: Manufacturing 1 of 1
Type: Buyout (LBO, MBO, MBI) 1 of 2
Country: United Kingdom 3 of 4
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-13 Junkyard Golf

London, United Kingdom

Junkyard Golf is a provider of crazy golf, booze and bad puns. Junkyard Golf is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-12 Acorns Healthcare

Curdridge, United Kingdom

Acorns Healthcare is a specialist supported living business that provides care for adults with severe learning disabilities and autism in their own homes, and specialises in looking after some of society’s most vulnerable people. Acorns Healthcare was formed in 2019 and is based in Curdridge, United Kingdom.

Buy -
DESCRIPTION

Souter Investments is a family office focused on private equity investing throughout the UK. The Firm looks to commit £2 to £30 million to support a variety of transaction situations including buyouts, growth capital financings, corporate divestitures, and balance sheet restructurings. Broad areas of interest include transportation, luxury goods, financial services, healthcare, and business services. Souter Investments was established in 2008 and is based in Edinburgh, Scotland.


Deal Context for Buyer #
Overall 28 of 48
Sector: Manufacturing 1 of 2
Type: Buyout (LBO, MBO, MBI) 8 of 14
Country: United Kingdom 25 of 42
Year: 2021 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-16 Likezero

London, United Kingdom

Likezero is a provider of proven, next-generation intelligent data capture technology for the financial services industry which gives institutions deeper, more effective insight into their counterparty risk profile. Likezero was formed in 2016 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Refined Brands

United Kingdom

Refined Brands is the corporate identity for the ethically sourced, natural and sustainable focussed group of British clothing businesses.

Buy -