M&A Deal Summary

Lloyds TSB Development Capital Acquires Shield Group International

On April 30, 2019, private equity firm Lloyds TSB Development Capital acquired business services company Shield Group International from Kiwa for 20M GBP

Acquisition Highlights
  • This is Lloyds TSB Development Capital’s 21st transaction in the Business Services sector.
  • This is Lloyds TSB Development Capital’s 51st largest (disclosed) transaction.
  • This is Lloyds TSB Development Capital’s 2nd transaction in the Netherlands.

M&A Deal Summary

Date 2019-04-30
Target Shield Group International
Sector Business Services
Buyer(s) Lloyds TSB Development Capital
Sellers(s) Kiwa
Deal Type Divestiture
Deal Value 20M GBP
Advisor(s) Harrison Clark Rickerbys Solicitors (Legal)

Target

Shield Group International

Rotterdam, Netherlands
Shield Group International is an international environmental testing, inspection and consultancy business supporting a broad range of customers across the energy, industrials, and public sectors. The company provides an end-to-end service which includes certified risk and commercial audits, monitoring programmes, remedial recommendations, and project management. Shield Group International was founded in 1985 and is based in Rotterdam, Netherlands.

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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 224 of 303
Sector (Business Services) 21 of 30
Type (Divestiture) 21 of 24
Country (Netherlands) 2 of 2
Year (2019) 6 of 19
Size (of disclosed) 51 of 69
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-08 FERO Retail Marketing

Hertfordshire, United Kingdom

FERO Retail Marketing is a provider of point-of-sale display advertising for retailers and brand owners. Customers included major retailers such as Tesco and Arcadia, as well as brand owners such as T-Mobile and McDonalds. FERO Retail Marketing is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-05 NRS Healthcare

Leicestershire, United Kingdom

NRS Healthcare is a provider of community equipment, wheelchair, and clinical services to the NHS and local authorities. NRS Healthcare is based in Leicestershire, United Kingdom.

Sell -

Seller(S) 1

SELLER

Kiwa

Rijswijk, Netherlands

Category Company
Founded 1948
Sector Business Services
Revenue 139M EUR (2013)
DESCRIPTION

Kiwa is an international quality accreditation organization that specializes in testing, inspection and certification (TIC). Kiwa also provides training and data services. Its clients span a wide range of sectors: water, construction, energy, automotive & transport, feed & food, agribusiness, infrastructure, safety and security, healthcare, sustainability, and the environment. Kiwa was founded in 1948 and is based in Rijswijk, Netherlands.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Netherlands) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-12 Agro Quality Support Polska Sp. z o.o.

Zielonka, Poland

Agro Quality Support Polska Sp. z o.o. (AQS Polska) is an independent and professional company qualified to carry out inspections and audits on the fresh production market. The mobility of auditors allows to visit companies throughout the country, AQS Polska also carries projects in Ukraine, Slovakia, and Latvia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-05 IFC Group

Cheltenham, United Kingdom

IFC Group is a provider of testing, inspection and certification in the field of fire safety advice. IFC Group was founded in 1985 and is based in Cheltenham, United Kingdom.

Buy -