M&A Deal Summary

TowerBrook Capital Partners Acquires Volution

On January 19, 2012, private equity firm TowerBrook Capital Partners acquired building materials company Volution from AAC Capital UK and Electra for 163M GBP

Acquisition Highlights
  • This is TowerBrook Capital Partners’ 2nd transaction in the Building Materials sector.
  • This is TowerBrook Capital Partners’ 9th largest (disclosed) transaction.
  • This is TowerBrook Capital Partners’ 6th transaction in the United Kingdom.
Investment Fate
  • Volution went public in 2016.

M&A Deal Summary

Date 2012-01-19
Target Volution
Sector Building Materials
Buyer(s) TowerBrook Capital Partners
Sellers(s) AAC Capital UK
Electra
Deal Type Secondary Buyout
Deal Value 163M GBP
Advisor(s) BDO Capital Advisors
Lincoln International (Financial)
Stevens & Lee (Legal)

Target

Volution

Crawley, United Kingdom
Volution is a manufacturer and distributor of ventilation products. The company operates through two divisions: the Ventilation Group, which primarily supplies ventilation products for residential and commercial construction applications in the UK, the Nordics, the Benelux countries and Germany; and Torin-Sifan, which supplies motors, fans and blowers to OEMs of heating and ventilation products for both residential and commercial construction applications in Europe. Volution was founded in 2014 and is based in Crawley, England.

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Buyer(S) 1

Buyer

TowerBrook Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 22.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TowerBrook Capital Partners is a private equity firm focused on leveraged buyouts, leveraged build-ups and distressed situation investments throughout North America and Europe. TowerBrook prefers control-oriented investments and actively pursues complex situations that other firms may avoid. Target sectors include consumer services, distribution, beverages, pharmaceuticals, media, technology, communications, software, and healthcare. TowerBrook Capital Partners was established in 2001 and is headquartered in New York City.


DEAL STATS #
Overall 33 of 101
Sector: Building Materials M&A 2 of 3
Type: Secondary Buyout M&A Deals 6 of 29
Country: United Kingdom M&A 6 of 20
Year: 2012 M&A 1 of 3
Size (of disclosed) 9 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-18 CapQuest Group

Hampshire, United Kingdom

CapQuest is a consumer debt purchase and debt recovery company with approximately 330 employees. The Company’s core focus is the purchase of non-performing and semi-performing unsecured consumer loans, mainly comprising credit card and bank debt. In addition, the Company traces debtors and collects and services debts on behalf of third party customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-12 FloWorks

Houston, Texas, United States

FloWorks is a specialty distributor of critical flow control products and a provider of tailored technical solutions for MRO-focused applications. The Company serves customers across chemicals, downstream refining & renewables, high purity & sanitary, and other industrial end markets. Its product categories include valves & automation, corrosion-resistant flow control, rotating equipment, flanges, filters & purifiers, and instrumentation. FloWorks was founded in 1974 and is based in Houston, Texas.

Buy -

Seller(S) 2

SELLER

AAC Capital UK

London, United Kingdom

Category Private Equity Firm
Founded 2011
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

AAC Capital UK is a mid-market Private equity buyout firm focuses on the niche companies in the Industrial, Business Services and Consumer sectors. AAC Capital UK formerly known as the UK team of ABN AMRO Capital. The firm looks to invest in profitable, cash-generative companies whose principal operations are in the UK. AAC Capital UK LLP is a private equity arm of AAC Capital partners. AAC Capital UK was formed in 2011 and is based in UK.


DEAL STATS #
Overall 14 of 21
Sector: Building Materials M&A 1 of 2
Type: Secondary Buyout M&A Deals 5 of 6
Country: United Kingdom M&A 12 of 19
Year: 2012 M&A 2 of 4
Size (of disclosed) 4 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-19 Ocean Media Group

London, United Kingdom

Ocean Media Group publish a number of leading magazines, operate a wide range of very successful consumer and trade exhibitions - both in the UK and across continental Europe - and organise numerous conferences, awards ceremonies and other face to face events. The company also have a growing reputation for our related web sites. Ocean Media Group is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-05 Amtico International

Coventry, United Kingdom

Amtico International Ltd. is the market leader in design-led vinyl flooring operating in Europe, the USA and Australia, supplying the commercial and residential flooring markets.

Sell -
SELLER

Electra

London, United Kingdom

Investor


Category Private Equity Firm
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra is an investment trust quoted on the London Stock Exchange that specializes in private equity investments. Electra's primary focus is on opportunities across Western Europe in a broad array of industries. Electra Private Equity is based in London.


DEAL STATS #
Overall 14 of 32
Sector: Building Materials M&A 2 of 4
Type: Secondary Buyout M&A Deals 10 of 16
Country: United Kingdom M&A 10 of 25
Year: 2012 M&A 2 of 3
Size (of disclosed) 11 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-19 CPA Global

Jersey, Channel Islands

CPA Global is an intellectual property (IP) management and technology company serving over 10,000 customers and connecting millions of global IP users every day. CPA Global was founded in 1969 and is based in Jersey, Channel Islands.

Sell £950M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-01 Peverel Services

Hampshire, United Kingdom

Peverel Groupis a property management services businesses. Starting as a specialist in retirement housing more than 25 years ago, Peverel has grown to embrace functions such as security systems, telecare and telehealth, insurance services and general residential property management.

Buy £62M