Divestiture • Business Services

TDR Capital Acquires Elliott Group

On May 17, 2005, private equity firm TDR Capital acquired business services company Elliott Group from Berendsen for 166M GBP

Acquisition Context
  • This is TDR Capital’s 2nd transaction in the Business Services sector.
  • This is TDR Capital’s 12th largest (disclosed) transaction.
  • This is TDR Capital’s 6th transaction in the United Kingdom.

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M&A Deal Summary

Date May 17, 2005
Target Elliott Group
Sector Business Services
Buyer(s) TDR Capital
Sellers(s) Berendsen
Deal Type Divestiture
Deal Value 166M GBP

Target Company

Elliott Group

Peterborough, United Kingdom
Elliott is a players in the rental and sale of modular buildings, with a fleet of 34,000 units.
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Buyer Overview 1

Buyer

TDR Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 15.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

TDR Capital is a private equity firm that targets large companies valued from €300 million to €1.5 billion. TDR has a particular interest in under-managed, under-invested or misunderstood companies which may be transformed through greater strategic and operational focus. TDR is sector agnostic, however the Firm has a preference for opportunities in the leisure/hospitality, financial services, and business services sectors. TDR Capital was formed in 2002 and is based in London.


Deal Context for Buyer #
Overall 8 of 32
Sector: Business Services 2 of 5
Type: Divestiture 2 of 8
Country: United Kingdom 6 of 18
Year: 2005 2 of 2
Size (of disclosed) 12 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 Phoenix

London, United Kingdom

Phoenix provides a range of products through our trusted pensions, savings, and life insurance brands. Phoenix was founded in 1782 and is based in London, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 La Palette Rouge

Cedex, France

La Palette Rouge (LPR) provides delivery and collection services. It offers an outsourced solution with pallets that are compatible with automated production and picking systems. The company serves manufacturers of fast-moving consumer goods and retailers.

Sell -

Seller Profile 1

SELLER

Berendsen

London, United Kingdom

Category Company
Founded 1854
Sector Apparel/Textiles
Employees15,400
Revenue 1.0B GBP (2015)
DESCRIPTION

Berendsen plc, through its subsidiaries, sources, cleans, and maintains textiles in Europe. It provides cleanroom services to high-tech companies, universities and research facilities, pharmaceutical and medical device companies, and food businesses; and infection control and linen management services related to blankets, mattress pads, bed linen, and patient gowns for public and private healthcare sector.


Deal Context for Seller #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
Country: United Kingdom 1 of 1
Year: 2005 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-19 Permaclean Textile Renting Service

Düsseldorf, Germany

Permaclean Textile Renting Service GmbH offers garment renting services.

Buy -