M&A Deal Summary

Rubicon Partners and Grovepoint Acquire Aquamain

On January 1, 2018, private equity firms Rubicon Partners and Grovepoint acquired utilities company Aquamain

Acquisition Highlights
  • This is Rubicon Partners’ 1st and Grovepoint’s 1st transaction in the Utilities sector.
  • This is Rubicon Partners’ 20th and Grovepoint’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2018-01-01
Target Aquamain
Sector Utilities
Buyer(s) Rubicon Partners
Grovepoint
Deal Type Buyout (LBO, MBO, MBI)

Target

Aquamain

Somerset, United Kingdom
Aquamain is a provider of self-lay water utility services, including mains and plot connections to the UK’s leading housing developers and regional water companies. Aquamain was founded in 1994 and is based in Somerset, England.

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Buyer(S) 2

Buyer

Rubicon Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Rubicon Partners is a large private equity firm focused on acquiring industrial service and products businesses. The Firm targets business valued from £15 to £250 million and has a special interest in situations with transactional or operational complexity. Specific areas of interest include aerospace, construction, machinery, construction, building products, automotive, energy/power, industrial services, and specialty distribution. Prospective transaction situations include carve-outs, successions, and other special situations. Rubicon Partners was formed in 1993 and is based in London.


DEAL STATS #
Overall 26 of 33
Sector: Utilities M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 18 of 20
Country: United Kingdom M&A 20 of 27
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Fibron

Hoddesdon, United Kingdom

Fibron specializes in umbilical cables and other subsea specialty cables manufacturing primarily utilized by offshore oil and gas, renewables, ROV, defense, and diving sectors. The company has considerable in-house design expertise and manufacturing facilities capable of producing a broad range of products. Its track record ensures the provision of cable or umbilical solutions for most situations, and expertise and experience in this field of operation. Fibron was founded in 1987 and is based out of Hoddesdon, North of London, UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 Park Sheet Metal

Warwickshire, United Kingdom

Park Sheet Metal is a manufacturer of complex sheet metal components for the niche automotive sector. PSM supports its customers’ demands for prototype tooling and assemblies and low volume production of body-in-white components. Park Sheet Metal was founded in 1947 and is based in Warwickshire, United Kingdom.

Buy -
DESCRIPTION

Grovepoint is a private investment firm focused on principal investing, investment management, and specialty lending. Within the FIrm's principal investing group, Grovepoint seeks 'transformational' opportunities where it can be part of the controlling group and help management with growth. Grovepoint was formed in 2010 and is headquartered in London.


DEAL STATS #
Overall 6 of 6
Sector: Utilities M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 4
Country: United Kingdom M&A 4 of 4
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-17 John Lawrie Group

Aberdeen, United Kingdom

John Lawrie Group provides key services to the oil and gas, construction, and utility sectors through its three divisions: Metals, which remains the largest metal recycler and exporter of processed scrap metal in North and North-East Scotland. Tubulars, which is a leading specialist in the trading of new and reusable tubulars for construction piling, and casing and drillpipe for oil and gas, around the world. Decom which provides decommissioning and recycling services to the oil and gas sector. John Lawrie Group was founded in 1930 and is based in Aberdeen, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-22 Algatech

Kibbutz Ketura, Israel

Algatech Ltd. is a developer and commercialization of ingredients delivered from microalgae and used by leading food supplement, food, and cosmetic brands worldwide. Algatech was founded in 1998 and is based in Kibbutz Ketura, Israel.

Sell -