M&A Deal Summary

Rotork Acquires Bifold Fluidpower

On August 28, 2015, Rotork acquired electrical equipment company Bifold Fluidpower from Lloyds TSB Development Capital for 125M GBP

Acquisition Highlights
  • This is Rotork’s 5th transaction in the Electrical Equipment sector.
  • This is Rotork’s largest (disclosed) transaction.
  • This is Rotork’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2015-08-28
Target Bifold Fluidpower
Sector Electrical Equipment
Buyer(s) Rotork
Sellers(s) Lloyds TSB Development Capital
Deal Type Add-on Acquisition
Deal Value 125M GBP

Target

Bifold Fluidpower

Manchester, United Kingdom
Bifold Fluidpower Ltd. is a designer and manufacturer of switching instrument valves and pumps for the oil and gas industry.

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Buyer(S) 1

Buyer

Rotork

Bath, United Kingdom

Category Company
Founded 1957
Sector Manufacturing
Employees3,342
Revenue 719M GBP (2023)
DESCRIPTION

Rotork is the market actuator manufacturer and flow control company that operates in any market where the flow of gasses or liquids needs to be controlled. It has established manufacturing facilities, a global network of local offices and agents who can truly provide a worldwide service. You will be able to locally source Rotork's products, supported by life-of-plant maintenance, repair and upgrade services. Rotork was founded in 1957 and is based in Bath, United Kingdom.


DEAL STATS #
Overall 21 of 21
Sector (Electrical Equipment) 5 of 5
Type (Add-on Acquisition) 18 of 18
Country (United Kingdom) 4 of 4
Year (2015) 3 of 3
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-04 M&M International Srl

Milano, Italy

M&M International Srl is a manufacturer of piston actuated valves and solenoid valves in Bergamo, Italy. M&M solenoid valves are manufactured with high quality materials only to warranty a durable performance as well as high reliability.

Buy €10M

Seller(S) 1

SELLER

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 89 of 198
Sector (Electrical Equipment) 3 of 5
Type (Add-on Acquisition) 42 of 94
Country (United Kingdom) 86 of 192
Year (2015) 8 of 11
Size (of disclosed) 12 of 61
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-11 Centiq

Nottingham, United Kingdom

Centiq have been designing, building, managing and optimising SAP platforms, even deploying the very first SAP HANA implementation in the UK. Centiq was founded in 1998 and is based in Nottingham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Airline Components Services

Essex , United Kingdom

Airline Components Services specialises in the supply and repair cycle management of rotable flying controls and structural components to Airlines, Air Transport Operators, aircraft spare parts traders and MRO’s throughout the world. Airline Components Services was founded in 2005 and is based in Essex, United Kingdom.

Sell -