M&A Deal Summary

Prestone Products Acquires Holt Lloyd International

On November 18, 1997, Prestone Products acquired chemicals company Holt Lloyd International from Epiris

Acquisition Highlights
  • This is Prestone Products’ 1st transaction in the Chemicals sector.
  • This is Prestone Products’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 1997-11-18
Target Holt Lloyd International
Sector Chemicals
Buyer(s) Prestone Products
Sellers(s) Epiris
Deal Type Add-on Acquisition

Target

Holt Lloyd International

Stretford, United Kingdom
Holt Lloyd International Ltd is a manufacturer and distributor of automotive aftermarket products globally.

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Buyer(S) 1

Buyer

Prestone Products

Danbury, Connecticut, United States

Category Company
Founded 1994
Sector Chemicals
DESCRIPTION

Prestone Products Corporation is a producer of branded and private label automotive antifreeze. The company also holds leadership positions in several car care categories, including cooling system products, ice fighters and brake and power steering fluids.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 1997 M&A 1 of 1

Seller(S) 1

SELLER

Epiris

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra Partners is a UK-based private equity firm focused on buyouts, co-investments, secondary fund purchases, and debt investing. The Firm's direct investing group looks to make majority or minority investments of £50 to £250 million in deals valued up to £500 million. Electra was formed in 1976 and is based in London.


DEAL STATS #
Overall 5 of 51
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 17
Country: United Kingdom M&A 5 of 41
Year: 1997 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-09-01 Zensar

Pune, India

Zensar is a digital solutions and technology services company focusing on enterprise digital transformation. The company has offerings across the digital value chain, with a proven track record of innovation delivered through its ‘Return on Digital NeXT (RoDNeXT)’ framework. Zensar was formed in 1963 and is based in Pune, Maharashtra.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-01 Energy Power Resources

Woodbridge, United Kingdom

EPR was established to fund the construction of two biomass fired renewable energy plants and the development of other renewable operations.

Buy -