M&A Deal Summary

LDC Acquires EDM Group

On October 10, 2011, private equity firm LDC acquired business services company EDM Group from ECI Partners for 52M GBP

Acquisition Highlights
  • This is LDC’s 11th transaction in the Business Services sector.
  • This is LDC’s 20th largest (disclosed) transaction.
  • This is LDC’s 106th transaction in the United Kingdom.

M&A Deal Summary

Date 2011-10-10
Target EDM Group
Sector Business Services
Buyer(s) LDC
Sellers(s) ECI Partners
Deal Type Merger
Deal Value 52M GBP

Target

EDM Group

Wolverhampton, United Kingdom
EDM Group has been providing Information Management services and solutions since 1974. EDM Group was established with the express intent of leading the market for the provision of electronic document management services and solutions. EDM Group was founded in 1974 and is based in Wolverhampton, United Kingdom.

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Buyer(S) 1

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 111 of 311
Sector: Business Services M&A 11 of 30
Type: Merger M&A Deals 1 of 2
Country: United Kingdom M&A 106 of 299
Year: 2011 M&A 14 of 17
Size (of disclosed) 20 of 69
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-09 Sala International

Shoeburyenss, United Kingdom

Sala International is one of the UK leaders in record management and was established in 1994. In October 2011 it merged with EDM Group. Essentially the company provides physical record and digital information storage facilities and services. Sala manages in excess of 400,000 square feet of secure space and stores 1.5 million boxes including 50 miles of live filing on behalf of its prestigious client base. Sala has carefully developed a suite of services that encompass the complete lifecycle events of those records entrusted to the company by its clients. These services include records management, scan on demand, archiving and storage, microfilm digitisation, live file management and online file retrieval using our bespoke FARIO system. All services are delivered and operate to the highest security levels. Sala International is active in a wide range of industry sectors, including Financial Services, Public Sector, Healthcare, Support Services and Retail. The company is a member of AIIM and the Records Management Society of Great Britain.

Sell £52M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-21 Wealth at Work

Liverpool, United Kingdom

Wealth at Work provides services that allow employees to maximize the value of their benefits by providing financial education tailored to the needs of individual employers and of different employee groups within these companies. Wealth at Work was formed in 2004 and is based in Liverpool, United Kingdom.

Sell -

Seller(S) 1

SELLER

ECI Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

ECI Partners is a private equity firm focused on the smaller middle-market company that invests in growing businesses valued up to £300m. ECI looks for UK businesses or businesses with a substantial presence in the UK. Funds are generally used to support expansion, acquisitions, management buyouts, buy-ins, turnarounds, and refinancing. Target sectors include IT services, support services, Insurance, and SME services. ECI will not invest in early-stage companies. ECI Partners was formed in 1976 and has offices in London, Manchester, and New York.


DEAL STATS #
Overall 37 of 76
Sector: Business Services M&A 5 of 8
Type: Merger M&A Deals 1 of 1
Country: United Kingdom M&A 36 of 70
Year: 2011 M&A 2 of 3
Size (of disclosed) 16 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-17 Wireless Logic Group

Berkshire, United Kingdom

Wireless Logic Group is a machine-to-machine (M2M) managed services provider combining infrastructure, platforms and connectivity. Wireless Logic Group was founded in 2000 and is based in Berkshire, United Kingdom.

Buy £35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-17 Taylor Continental

Worcestershire, United Kingdom

Taylor Continental is a manufacturer and designer of 4-wheeled steel bins and recycling containers. Taylor Continental was founded in 1962 and is based in Worcestershire, United Kingdom.

Sell -