M&A Deal Summary

Lloyds TSB Development Capital Acquires Retail & Asset Solutions

On June 4, 2018, private equity firm Lloyds TSB Development Capital acquired consumer services company Retail & Asset Solutions from OCS Group UK for 13M GBP

Acquisition Highlights
  • This is Lloyds TSB Development Capital’s 1st transaction in the Consumer Services sector.
  • This is Lloyds TSB Development Capital’s 57th largest (disclosed) transaction.
  • This is Lloyds TSB Development Capital’s 200th transaction in the United Kingdom.

M&A Deal Summary
Date 2018-06-04
Target Retail & Asset Solutions
Sector Consumer Services
Buyer(s) Lloyds TSB Development Capital
Sellers(s) OCS Group UK
Deal Type Divestiture
Deal Value 13M GBP

Target

Retail & Asset Solutions

Bromley, United Kingdom
Retail & Asset Solutions is a provider of supply chain management, stocktaking and merchandising services to the grocery and general retail sector. Retail & Asset Solutions was founded in 1961 and is based in Bromley, United Kingdom.

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Buyer(S) 1

Buyer

Lloyds TSB Development Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 2.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Lloyds TSB Development Capital Ltd (LDC) is the private equity arm of Lloyds Banking Group Plc and 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. Lloyds TSB Development Capital Ltd was formed in 1981 and is based in London.

DEAL STATS #
Overall 208 of 298
Sector (Consumer Services) 1 of 1
Type (Divestiture) 18 of 24
Country (United Kingdom) 200 of 287
Year (2018) 5 of 15
Size (of disclosed) 57 of 68
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 Mandata

Newcastle Upon Tyne, United Kingdom

Mandata is a provider of software that allows road transport operators to manage workflow and data more effectively. Its transport management software integrates a suite of end-to-end products, including traffic planning and management, tracking, telematics and invoicing. Mandata was founded in 1974 and is headquartered in Newcastle Upon Tyne, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-08 PEI Group

London, United Kingdom

PEI Group is a provider of insight, market-data and business conferences for professionals active in alternative asset class investment. PEI's clients include asset managers, institutional investors, family offices, investment banks, law firms, consultancies and advisors. PEI Group was founded in 2001 and is based in London, United Kingdom.

Sell -

Seller(S) 1

SELLER

OCS Group UK

Crawley, United Kingdom
Category Company
Sector Business Services
DESCRIPTION

OCS Group provides a full range of services, including engineering, catering, security, cleaning, horticulture, hygiene, waste management and pest control.

DEAL STATS #
Overall 3 of 3
Sector (Consumer Services) 1 of 1
Type (Divestiture) 3 of 3
Country (United Kingdom) 3 of 3
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-22 Cannon Confidential

Crawley, United Kingdom

Cannon Confidential is a provider of confidential waste removal and confidential waste destruction services.

Sell £930K
Mergr

Product

Company

Legal