M&A Deal Summary

Total Capital Partners and Keyhaven Capital Partners Acquire PCML

On January 14, 2021, private equity firms Total Capital Partners and Keyhaven Capital Partners acquired manufacturer PCML for 17M EUR

Acquisition Highlights
  • This is Total Capital Partners’ 1st and Keyhaven Capital Partners’ 2nd transaction in the Manufacturing sector.
  • This is Total Capital Partners’ 2nd and Keyhaven Capital Partners’ largest (disclosed) transaction.
  • This is Total Capital Partners’ 7th and Keyhaven Capital Partners’ 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2021-01-14
Target PCML
Sector Manufacturing
Buyer(s) Total Capital Partners
Keyhaven Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 17M EUR

Target

PCML

Cambridgeshire, United Kingdom
PCML provides rapid-turnaround manufacturing of complex custom components and assemblies to clients in R&D-intensive industries, with an increasing focus on the biotech and medical sectors. PCML manufactures and assembles for leading biomedical customers developing coronavirus and other diagnostic testing equipment. PCML was founded in 2000 and is based in Cambridgeshire, United Kingdom.

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Buyer(S) 2

Buyer

Total Capital Partners

London, United Kingdom

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Total Capital Partners LLP is an independent private equity firm that invests in a broad range of smaller UK-based businesses. TCP focuses on profitable companies with experienced management teams and defensible market positions. TCP targets businesses valued between £10 and £30 million. The Firm provides both debt and equity capital and will consider both minority and majority equity positions. Funds are generally used to support buyouts and growth capital financings. Total Capital Partners LLP was formed in 2008 and is based in London.


DEAL STATS #
Overall 8 of 8
Sector (Manufacturing) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 5
Country (United Kingdom) 7 of 7
Year (2021) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-02 OUTCO

Leatherhead, United Kingdom

OUTCO provides winter services and grounds maintenance to around 4,500 commercial properties across the UK. It is a winter services specialist at the forefront of technological development in the industry and is applying this tech advantage to its growing grounds maintenance business. OUTCO is based in Leatherhead, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Meter Provida

Derbyshire, United Kingdom

Meter Provida is an independent multi-utility metering specialist, supplying smart, gas and electric metering products, services and logistics solutions across domestic, commercial, and industrial platforms. MPL provides tech-enabled 360-degree service for forward and reverse logistics using its market-leading bespoke software to process and track assets through the repatriation, triage and disposal processes. Meter Provida was founded in 2000 and is based in Derbyshire, England.

Sell -
Buyer

Keyhaven Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Keyhaven Capital Partners is a private equity firm focused on small cap company acquisitions in Europe. The Firm does not have any sector preferences and generally targets companies valued less then €100 million. Keyhaven Capital Partners was formed in 2003 and is based in London.


DEAL STATS #
Overall 11 of 16
Sector (Manufacturing) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 7 of 10
Country (United Kingdom) 3 of 6
Year (2021) 1 of 5
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 TCX S.r.l.

Montebelluna, Italy

TCX offers road racing and off-road, Touring, and leisure footwear in all forms, including footwear for women. TCX is focused on boots and that focus is an unyielding commitment to comfort, quality, performance, and protection for riders.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 MyFamily

Valenza, Italy

MyFamily is a manufacturer and producer of ID tags for pets and high quality collars, leashes and harnesses. MyFamily was founded in 2010 and is based in Valenza, Italy.

Buy -