M&A Deal Summary

Inflexion and LDC Acquire Aspen Pumps

On March 14, 2007, private equity firms Inflexion and LDC acquired machinery company Aspen Pumps for 25M GBP

Acquisition Highlights
  • This is Inflexion’s 1st and LDC’s 1st transaction in the Machinery sector.
  • This is Inflexion’s 13th and LDC’s 43rd largest (disclosed) transaction.
  • This is Inflexion’s 11th and LDC’s 50th transaction in the United Kingdom.
Investment Fate
  • Aspen Pumps was sold to a consortium of financial buyers in 2015 for 105M GBP.
  • Aspen Pumps was sold to a consortium of financial buyers in 2019.

M&A Deal Summary

Date 2007-03-14
Target Aspen Pumps
Sector Machinery
Buyer(s) Inflexion
LDC
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 25M GBP

Target

Aspen Pumps

East Sussex, United Kingdom
Aspen Pumps engages in the design, manufacture, and distribution of mini pumps that remove condensate water from air conditioning and refrigeration systems. Aspen Pumps also sells a range of ancillary products for air conditioning installers and engineers. Aspen Pumps was founded in 1992 and is based in East Sussex, United Kingdom.

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Buyer(S) 2

Buyer

Inflexion

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Inflexion is a private equity firm that specializes in investments in UK-based founder and family-owned businesses. Broad areas of interest include consumer products/services, business services, healthcare, industrials, technology, and financial services. The Firm's target investment size is £10 to £500 million. Inflexion was formed in 1999 and is based in London.


DEAL STATS #
Overall 11 of 124
Sector: Machinery M&A 1 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 43
Country: United Kingdom M&A 11 of 105
Year: 2007 M&A 1 of 2
Size (of disclosed) 13 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-09 ACIS Holdings

Buckinghamshire, United Kingdom

ACIS (Advanced Communications and Information Systems) is the provider of real time passenger information systems.

Sell £59M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-09 Jack Wills

Greenford, United Kingdom

Jack Wills is a retailer of apparel and accessories that provides gilets, jackets and coats, hoodies and sweat tops, jumpers and cardigans, dresses and playsuits, T-shirts and tops, accessories and bags, trousers, jeans and leggings, denims, loungewears, sweatpants, gym ranges, shorts, and skirts, fragrance products, shoes and boots, underwear and socks, and jewelry for women. Jack Wills was formed in 1998 and is based in Greenford, United Kingdom.

Buy -
Buyer

LDC

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 3.9B 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 55 of 311
Sector: Machinery M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 42 of 107
Country: United Kingdom M&A 50 of 299
Year: 2007 M&A 3 of 14
Size (of disclosed) 43 of 69
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-15 VertexOne

Houston, Texas, United States

VertexOne is a provider of customer information system (“CIS”) software and integration services to the mid-market public and investor-owned utility industry. VertexOne was founded in 1996 and is based in Houston, Texas.

Buy $405M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-05 PJH Group

Lancashire, United Kingdom

The PJH Group is a European supplier of bathrooms, kitchens and appliances to the home improvement market.

Sell £100M