M&A Deal Summary

Livingbridge Acquires Metronet

On June 30, 2014, private equity firm Livingbridge acquired technology hardware company Metronet from LDC for 45M GBP

Acquisition Highlights
  • This is Livingbridge’s 2nd transaction in the Technology Hardware sector.
  • This is Livingbridge’s 3rd largest (disclosed) transaction.
  • This is Livingbridge’s 77th transaction in the United Kingdom.

M&A Deal Summary

Date 2014-06-30
Target Metronet
Sector Technology Hardware
Buyer(s) Livingbridge
Sellers(s) LDC
Deal Type Secondary Buyout
Deal Value 45M GBP
Advisor(s) Altium Capital Ltd. (Financial)

Target

Metronet

Manchester, United Kingdom
Metronet is a provider of wired and wireless technology to extend the power of dedicated leased line connectivity beyond the reach of traditional fibre. Metronet was founded in 2003 and is based in Manchester, United Kingdom.

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Buyer(S) 1

Buyer

Livingbridge

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 3.8B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Livingbridge is a UK-based investment group focused on investing in and growing mid-sized companies. The Firm targets businesses seeking £15 to £300 million of capital. Prospective companies should have 'ambitious mangement', scalable business models, and potential for market leadership. Sectors of interest include technology, media, communications, consumer products/services, healthcare, and education. Livingbridge was formed in 1995 and is based in London.


DEAL STATS #
Overall 84 of 150
Sector: Technology Hardware M&A 2 of 2
Type: Secondary Buyout M&A Deals 8 of 22
Country: United Kingdom M&A 77 of 132
Year: 2014 M&A 4 of 7
Size (of disclosed) 3 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-03 Williams Medical Supplies

Rhymney, United Kingdom

Williams Medical Supplies, Ltd. distributes medical equipment, pharmaceuticals, consumables, and family planning products to the primary care sector in the United Kingdom. The company was founded in 1986 and is based in Rhymney, the United Kingdom.

Sell £45M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-01 DiGiCo

Chessington, United Kingdom

DiGiCo engages in the design and development of digital audio solutions. Its products are used in live and theatre sound mixing, post production, houses of worship, broadcast facilities, corporate sector, and sporting events. DiGiCo was founded in 1971 and is based in Chessington, United Kingdom.

Sell -

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 71 of 210
Sector: Technology Hardware M&A 1 of 2
Type: Secondary Buyout M&A Deals 23 of 77
Country: United Kingdom M&A 68 of 204
Year: 2014 M&A 7 of 17
Size (of disclosed) 43 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-23 GVA Grimley

Birmingham, United Kingdom

GVA is a property consultant providing a comprehensive range of property solutions to UK and international owners, occupiers, investors, lenders and developers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Boom Pictures

Cardiff, United Kingdom

Boom Pictures is a television production company which aims to develop high quality programming and foster more output from the home nations and regions.

Sell -