M&A Deal Summary

Lifco Acquires Cardel

On May 31, 2024, Lifco acquired manufacturer Cardel from LDC

Acquisition Highlights
  • This is Lifco’s 18th transaction in the Manufacturing sector.
  • This is Lifco’s 17th transaction in the United Kingdom.

M&A Deal Summary

Date 2024-05-31
Target Cardel
Sector Manufacturing
Buyer(s) Lifco
Sellers(s) LDC
Deal Type Add-on Acquisition

Target

Cardel

Baldock, United Kingdom
Cardel is a manufacturer and supplier of specialist components used in the production of secure ID documents, payment cards, printed circuit boards (PCB), fuel cells, wooden furniture and other laminated products. Its materials are used to make a wide range of industrially laminated products, including an estimated third of bank cards produced globally and around 60 per cent of all identity cards and passports. Cardel was formed in 1996 and is based in Baldock, England.

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Buyer(S) 1

Buyer

Lifco

Enköping, Sweden

Category Company
Founded 1933
Sector Healthcare Services
Employees7,424
Revenue 26.1B SEK (2024)
DESCRIPTION

Lifco acquires and develops market-leading niche operations with the potential to deliver sustainable profit growth and strong cash flows. The Group has three business areas: Dental, Demolition & Tools, and Systems Solutions. Lifco has a clear corporate philosophy, which implies a long-term perspective, a focus on profits, and a highly decentralized organization. Lifco was founded in 1933 and is based in Enköping, Sweden.


DEAL STATS #
Overall 78 of 78
Sector: Manufacturing M&A 18 of 18
Type: Add-on Acquisition M&A Deals 77 of 77
Country: United Kingdom M&A 17 of 17
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-28 Montolit

Cantello, Italy

Montolit is a niche manufacturer of high-end professional tile-cutting tools and accessories. Montolit was formed in 1946 and is based in Cantello, Italy.

Buy -

Seller(S) 1

SELLER

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 198 of 210
Sector: Manufacturing M&A 9 of 9
Type: Add-on Acquisition M&A Deals 93 of 97
Country: United Kingdom M&A 192 of 204
Year: 2024 M&A 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-23 Atcore Technology Group

Slough, United Kingdom

Atcore Technology Group is a travel technology company which provides specialist software platforms for the global leisure travel sector. It comprises of two principal platforms, Atcom and Tigerbay. Atcom designs, builds and maintains reservation software for leading global tour operators. Its proprietary reservation system is highly complex, and supports sophisticated business models which allow clients to manage large volumes of search requests, optimise customer experience and enhance profitability. Atcore Technology Group was founded in 1999 and is based in Slough, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-27 Waterscan

Chichester, United Kingdom

Waterscan is a tech-enabled and ESG-focused water management consultancy that helps customers to develop effective sustainable water management strategies that deliver business resilience and environmental leadership. It advises a UK-wide customer base of blue-chip companies, including household names such as BT, Greene King, Sainsbury’s, John Lewis, and Whitbread, the owner of Premier Inn. Waterscan was formed in 1994 and is based in Chichester, United Kingdom.

Buy -