M&A Deal Summary

LDC and 3i Private Equity Acquire MKM

On May 18, 2006, private equity firms LDC and 3i Private Equity acquired building materials company MKM

Acquisition Highlights
  • This is LDC’s 1st and 3i Private Equity’s 1st transaction in the Building Materials sector.
  • This is LDC’s 40th and 3i Private Equity’s 50th transaction in the United Kingdom.
Investment Fate
  • MKM was sold to a consortium of financial buyers in 2017.

M&A Deal Summary

Date 2006-05-18
Target MKM
Sector Building Materials
Buyer(s) LDC
3i Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

MKM

Hull, United Kingdom
MKM is an independent builders’ merchant, with 47 branches across England and Scotland. The Company aim to be a ‘one stop shop’ for building, timber and plumbing supplies, and stock a wide range of products from the industry’s leading manufacturers all at competitive prices. The Company hold high levels of stock on-site to ensure both our customers in the building trade and the general public can get what they need, when they need it. MKM was founded in 1995 and is based in Hull, United Kingdom.

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Buyer(S) 2

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 43 of 311
Sector: Building Materials M&A 1 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 33 of 107
Country: United Kingdom M&A 40 of 299
Year: 2006 M&A 8 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 Momenta Holdings

London, United Kingdom

Momenta is one of the UK's leading providers of outsourced consultancy fuunctions to the financial services industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-02 Eveden Group

Desborough, United Kingdom

Eveden Limited are specialists in designing and manufacturing high quality, fashion conscious lingerie and bra-sized swimwear in larger cup sizes.

Buy -
Buyer

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1945
PE ASSETS 21.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


DEAL STATS #
Overall 128 of 251
Sector: Building Materials M&A 1 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 78 of 115
Country: United Kingdom M&A 50 of 70
Year: 2006 M&A 8 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 Renta Corporacion Real Estate SA

Barcelona, Spain

Renta Corporación is an international real estate group specializing in the acquisition, added-value transformation and sale of real estate properties in prime locations of major cities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-23 Cannon Avent

Glemsford, United Kingdom

Cannon Avent supplies baby bottles, breast pumps, sterilisers and skin care products to customers in over 60 countries around the world. It is the number one player in the UK and the third largest supplier of baby feeding products in the USA.

Sell £460M