M&A Deal Summary

Dunedin and NVM Private Equity Acquire Pyroguard

On December 1, 1998, private equity firms Dunedin and NVM Private Equity acquired manufacturer Pyroguard for 10M GBP

Acquisition Highlights
  • This is Dunedin’s 1st and NVM Private Equity’s 1st transaction in the Manufacturing sector.
  • This is Dunedin’s 27th and NVM Private Equity’s 0th largest (disclosed) transaction.
  • This is Dunedin’s 4th and NVM Private Equity’s 2nd transaction in the United Kingdom.
Investment Fate
  • Pyroguard was sold to a consortium of financial buyers in 2018.

M&A Deal Summary
Date 1998-12-01
Target Pyroguard
Sector Manufacturing
Buyer(s) Dunedin
NVM Private Equity
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 10M GBP

Target

Pyroguard

Haydock, United Kingdom
CGI International Ltd. is an independent manufacturer of fire resistant glass (fire rated glass), a status achieved by focusing exclusively on the fire rated glass market, extensive investment in purpose built facilities and an ongoing research, development and testing programme. CGI International was founded in 1985 and is based in Haydock, United Kingdom.

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Buyer(S) 2

Buyer

Dunedin

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 400M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Dunedin is a middle-market private equity firm focused on investments in the UK. Dunedin looks to invest in businesses with proven management, strong market positions/brands, positive cash-flow, significant barriers to entry, and strong opportunities for growth. Dunedin seeks businesses valued from £20 to £100 million. Targeted sectors include construction, building materials, consumer products/services, financial services, healthcare, leisure, specialist manufacturing, and support services. Dunedin was formed in 1996 and is based in Edinburgh with an additional office in London.

DEAL STATS #
Overall 4 of 50
Sector (Manufacturing) 1 of 4
Type (Buyout (LBO, MBO, MBI)) 4 of 32
Country (United Kingdom) 4 of 47
Year (1998) 2 of 2
Size (of disclosed) 27 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Carlton Clubs

Inverness, United Kingdom

Carlton Clubs Ltd is a operator of bingo clubs in Scotland and the North East of England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 TIS Software Holdings

Bourne End, United Kingdom

TIS Software Holdings Ltd is a provider of Supply chain software.

Buy -
Buyer

NVM Private Equity

Newcastle Upon Tyne, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 290M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

NVM Private Equity is an investor in growth-oriented UK-based companies. NVM does not have any sector preferences and looks to invest £2 to £10 million equity per transaction. NVM will consider a variety of transaction situations, including MBOs, MBIs, development capital financings, turnarounds, recapitalizations and early stage financings. NVM Private Equity was established in 1984 and was formerly known as Northern Venture Managers Ltd. NVM is based in Newcastle with additional offices in Edinburgh, Manchester, and Reading.

DEAL STATS #
Overall 2 of 68
Sector (Manufacturing) 1 of 5
Type (Buyout (LBO, MBO, MBI)) 2 of 28
Country (United Kingdom) 2 of 68
Year (1998) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-05-01 Weldex

Inverness, United Kingdom

Weldex is a crawler crane hire company having a large fleet of crawler cranes including the two largest crawler cranes in the UK, 1,350-tonne capacity Liebherr LR11350’s. Their cranes have been used in a number of the UK’s largest construction contracts including Heathrow Terminal 5 and the iconic arch on the new Wembley Stadium. The company is well placed to benefit from the rapid growth in offshore wind farm developments and UK power station construction and decommissioning. Weldex was founded in 1979 and is based in Inverness, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Interlube Systems

Plymouth Devon, United Kingdom

Interlube Systems Ltd. is recognized for its quality, reliable service and workmanship in designing, manufacturing and installing lubrication delivery systems and components as well as installation services. Based in Plymouth, U.K., Interlube provides lubrication delivery solutions to commercial vehicle, mining, construction, manufacturing and other heavy industrial customers.

Buy -
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