Investment Summary

Mosaic Private Equity and BGF Exits WN VTech

On March 31, 2020, private equity firm Rutland Partners invested in automotive company WN VTech from Mosaic Private Equity and BGF

Investment Highlights
  • This is Rutland Partners’ 3rd transaction in the Automotive sector.
  • This is Rutland Partners’ 28th transaction in the United Kingdom.

Investment Summary

Date 2020-03-31
Target WN VTech
Sector Automotive
Investor(s) Rutland Partners
Sellers(s) Mosaic Private Equity
BGF
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)

Target

WN VTech

Bolton, United Kingdom
WN VTech is a manufacturer and marketer of vehicles under the Coleman Milne, Mellor and Coleman Milne Specialist Vehicles (CMSV) brands, converting vehicles from major OEMs including Mercedes, Ford, BMW, Volkswagen Audi Group, Fiat and Iveco. WN VTech was founded in 1820 and is based in Bolton, United Kingdom.

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Investor(S) 1

Investor

Rutland Partners

London, United Kingdom

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 650M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Rutland Partners is a generalist private equity firm focused on investing in mid-market companies based in or with a significant presence in the UK. Rutland looks to commit £10-50 million of equity capital in companies valued up to £150 million. Prospective transactions can take the form of take privates, management buyouts, management buy-ins, replacement capital, turnarounds, and secondary purchases. Rutland Partners was formed in 1986 and is based in London.


DEAL STATS #
Overall 32 of 34
Sector: Automotive M&A 3 of 3
Type: Secondary Buyout M&A Deals 5 of 5
Country: United Kingdom M&A 28 of 30
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-14 AFI-Uplift

West Bromwich, United Kingdom

AFI-Uplift Ltd. is a powered access specialist offering machine rental and sales as well as industry-accredited training and health & safety courses. AFI was formed in 1998 and is based in West Bromwich, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-26 Armitage Pet Care

Nottinghamshire, United Kingdom

Armitage Pet Care Ltd. is an independent manufacturer and supplier of premium branded pet treats and accessories in the UK. Armitage supplies over 2,000 products across the dog, cat, small domestic pets, bird, and fish categories to a broad customer base including the major supermarkets and specialists retailers. Armitage Pet Care was established in 1775 and is based in Nottinghamshire, United Kingdom.

Sell $180M

Seller(S) 2

SELLER

Mosaic Private Equity

Wilmslow, United Kingdom

Investor Investor


Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Mosaic Private Equity Ltd is a UK private equity firm focused on investments in traditional industries. Mosaic looks to invest £500,000 to £10 million in companies generating at least £1 million in profits. The Firm generally provides funding for management buyouts, development needs, acquisition financings, or shareholder liquidity. Mosaic Private Equity Ltd was formed in 2006 and is based in Manchester.


DEAL STATS #
Overall 6 of 6
Sector: Automotive M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 3
Country: United Kingdom M&A 5 of 5
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 Perspective Financial Group

Chorley, United Kingdom

Perspective Financial Group is a financial planning and wealth advisory business with a client-centric culture. The group provides its 18,000 clients with holistic and impartial financial advice to aid them in achieving their investment goals and objectives. Perspective Financial Group was founded in 2008 and is based in Chorley, United Kingdom.

Sell -
SELLER

BGF

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2011
PE ASSETS 2.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Business Growth Fund (BGF) is a private investment firm focused on early and growth-stage investing across the UK. The Firm also invests in publicly traded companies. BGF's growth team looks to invest £1 to £15 million in small to mid-sized companies looking for additional capital to pursue growth. BGF was established in 2011 and is headquartered in London.


DEAL STATS #
Overall 39 of 131
Sector: Automotive M&A 1 of 4
Type: Secondary Buyout M&A Deals 12 of 32
Country: United Kingdom M&A 37 of 125
Year: 2020 M&A 7 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-27 Emma Bridgewater

Stoke-on-Trent , United Kingdom

Emma Bridgewater designs and manufactures hand-decorated pottery and a wide selection of home products. Its products are sold through its website, its own stores, as well as wholesale customers such as John Lewis and Next. Emma Bridgewater was founded in 1984 and is based in Stoke-on-Trent, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-01 Mzuri Group

Lisburn, United Kingdom

Mzuri Group is a global luxury window coverings group established with the vision to provide an environment where companies can achieve their true potential. The Group is currently made up of 9 companies with over 1400 people; designing, engineering, and supplying creative and innovative ‘made-to-measure’ window coverings to both trade and end-customer. Mzuri Group is based in Lisburn, United Kingdom.

Buy -