M&A Deal Summary

Rutland Partners Acquires AFI-Uplift

On June 3, 2013, private equity firm Rutland Partners acquired business services company AFI-Uplift from Equistone for 85M GBP

Acquisition Highlights
  • This is Rutland Partners’ 2nd transaction in the Business Services sector.
  • This is Rutland Partners’ 0th largest (disclosed) transaction.
  • This is Rutland Partners’ 17th transaction in the United Kingdom.
Investment Fate
  • AFI-Uplift was sold to management in 2019.

M&A Deal Summary

Date 2013-06-03
Target AFI-Uplift
Sector Business Services
Buyer(s) Rutland Partners
Sellers(s) Equistone
Deal Type Secondary Buyout
Deal Value 85M GBP
Advisor(s) Deloitte (Financial)

Target

AFI-Uplift

West Bromwich, United Kingdom
AFI-Uplift Ltd. is a powered access specialist offering machine rental and sales as well as industry-accredited training and health & safety courses. AFI was formed in 1998 and is based in West Bromwich, United Kingdom.

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Buyer(S) 1

Buyer

Rutland Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 650M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Rutland Partners is a generalist private equity firm focused on investing in mid-market companies based in or with a significant presence in the UK. Rutland looks to commit £10-50 million of equity capital in companies valued up to £150 million. Prospective transactions can take the form of take privates, management buyouts, management buy-ins, replacement capital, turnarounds, and secondary purchases. Rutland Partners was formed in 1986 and is based in London.


DEAL STATS #
Overall 21 of 34
Sector (Business Services) 2 of 3
Type (Secondary Buyout) 2 of 5
Country (United Kingdom) 17 of 30
Year (2013) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-18 Advantage Healthcare Group

Telford, United Kingdom

Advantage Healthcare a flexible healthcare staffing business with a regional branch network. Advantage Healthcare brings together a number of nationally known BUPA-owned businesses, namely BUPA Nursing, Strand Nurses, Montpellier Health Care and Professional Healthcare Services.

Sell £27M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-30 Bernard Matthews

Norfolk, United Kingdom

Bernard Matthews, based in East Anglia, is a producer of turkey in the UK operating across 50 farms and 4 processing facilities. The business breeds, raises and processes circa 7 million birds per annum in the UK and supplies the market with 1.5 million fresh birds over Christmas.

Buy -

Seller(S) 1

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, England.


DEAL STATS #
Overall 118 of 194
Sector (Business Services) 15 of 25
Type (Secondary Buyout) 55 of 91
Country (United Kingdom) 56 of 84
Year (2013) 7 of 9
Size (of disclosed) 34 of 59
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-16 Meilleurtaux

Paris, France

Meilleurtaux is a financial services provider with a broad and diversified range of financial services including loan insurance and mortgage brokerage, debt consolidation solutions, savings & investment products as well as P&C and health insurance distribution and brokerage offerings, available both online and through France’s largest network of 340 brokerage branches. Meilleurtaux was founded in 1999 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-01 ORS

Zurich, Switzerland

ORS is a Swiss-based provider of immigration services in several European countries, with a 30-year track record across the asylum and immigration process from initial country reception to orientation, care, community integration, and repatriation. ORS is based in Zurich, Switzerland.

Buy -