M&A Deal Summary

LDC Acquires NEC Group

On January 16, 2015, private equity firm LDC acquired media company NEC Group from Birmingham City Council for 307M GBP

Acquisition Highlights
  • This is LDC’s 10th transaction in the Media sector.
  • This is LDC’s largest (disclosed) transaction.
  • This is LDC’s 155th transaction in the United Kingdom.
Investment Fate
  • NEC Group was sold to a consortium of financial buyers in 2018.

M&A Deal Summary
Date 2015-01-16
Target NEC Group
Sector Media
Buyer(s) LDC
Sellers(s) Birmingham City Council
Deal Type Divestiture
Deal Value 307M GBP

Target

NEC Group

Birmingham, United Kingdom
NEC Group is a live entertainment business operating exhibitions, conferences, music, sports, family entertainment and hospitality. NEC Group was founded in 1976 and is based in Birmingham, 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 3.6B 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 163 of 305
Sector (Media) 10 of 14
Type (Divestiture) 15 of 24
Country (United Kingdom) 155 of 293
Year (2015) 1 of 12
Size (of disclosed) 1 of 69
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-08 Angel Springs

Wolverhampton, United Kingdom

Angel Springs is a water cooler service companies and rents out bottled water coolers and point-of-use water coolers, sells consumables, and provides related services. The group serves an installed base of more than 46,000 bottled water coolers and 14,000 point-of-use water coolers in the UK. Angel Springs was founded in 2003 and is based in Wolverhampton, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-23 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.

Sell £105M

Seller(S) 1

SELLER

Birmingham City Council

Birmingham, United Kingdom
Category Company
Sector Consumer Services
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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