Divestiture • Distribution

Primary Capital Partners Acquires VJT

On June 26, 2018, private equity firm Primary Capital Partners acquired distribution company VJT from SIG for 30M GBP

Acquisition Context
  • This is Primary Capital Partners’ 1st transaction in the Distribution sector.
  • This is Primary Capital Partners’ 5th largest (disclosed) transaction.
  • This is Primary Capital Partners’ 28th transaction in the United Kingdom.

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M&A Deal Summary

Date June 26, 2018
Target VJT
Sector Distribution
Buyer(s) Primary Capital Partners
Sellers(s) SIG
Deal Type Divestiture
Deal Value 30M GBP

Target Company

VJT

Kent, United Kingdom
VJT is a distributor of technical fixings, fasteners, consumables, and related tools to the UK construction industry. VJT product range is comprehensive and vast; with over 13,000 products in stock. VJT was founded in 1991 and is based in Kent, United Kingdom.
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Buyer Overview 1

Buyer

Primary Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 700M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Primary Capital Partners is a private equity firm focused on management buyouts and buy-ins of mid-market companies with an enterprise value of £20 - £100 million. Primary looks for opportunities across Europe but concentrates primarily on businesses located in the UK and Germany. The Firm looks to invest £10 to £44 million of equity or equity-related capital per transaction. Target sectors include consumer products/services, business & support services, financial services, IT services, software, and industrial products/services. Primary Capital Partners was formed in 1994 and is based in London, United Kingdom.


Deal Context for Buyer #
Overall 30 of 34
Sector: Distribution 1 of 1
Type: Divestiture 4 of 4
Country: United Kingdom 28 of 31
Year: 2018 2 of 2
Size (of disclosed) 5 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 ICS Learn

Glasgow, United Kingdom

ICS Learn is an online professional education platform offering learners flexible courses, accredited by industry-leading awarding bodies in human resources, accounting, and fitness. ICS Learn was established in 1889 and is based in Glasgow, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 Esteem Systems

Wetherby, United Kingdom

Esteem Systems Ltd. is a managed services provider for IT infrastructures. Esteem provides services to manage our customers’ entire IT infrastructures from servers and desktops to applications, data and networks. With a 30-year track-record, Esteem Systems brings a compelling and complementary portfolio in Private Cloud, Data Management, Desktop, and Managed Services, and has become a strategic infrastructure and services partner in public and private sector with significant traction in Local Government, Retail, Higher Education, Legal, Health, and Energy.

Sell -

Seller Profile 1

SELLER

SIG

Sheffield, United Kingdom

Category Company
Founded 1957
Sector Distribution
Employees6,700
Revenue 2.6B GBP (2024)
DESCRIPTION

SIG is a distributor of specialist building products in Europe, with strong positions in its core markets of insulation & energy management, interiors and exteriors. The Group principally operates in 9 countries in Europe and has trading operations in a further 6, including countries in the Middle East, serving a wide range of trades in the building and construction markets. SIG was founded in 1957 and is based in Sheffield, England.


Deal Context for Seller #
Overall 5 of 5
Sector: Distribution 3 of 3
Type: Divestiture 5 of 5
Country: United Kingdom 4 of 4
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-15 Carpet & Flooring

Redditch, United Kingdom

Carpet & Flooring is a distributor of floor covering products stocking and distributing products from European flooring manufacturers. The business serves customers from 11 sites across England, Scotland and Wales. Carpet & Flooring was formed in 19923 and is based in

Sell -