M&A Deal Summary

Ashridge Capital and Trimountain Partners Acquire RED Driving School

On April 1, 2019, private equity firms Ashridge Capital and Trimountain Partners acquired education company RED Driving School

Acquisition Highlights
  • This is Ashridge Capital’s 1st and Trimountain Partners’ 1st transaction in the Education sector.
  • This is Ashridge Capital’s 6th and Trimountain Partners’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2019-04-01
Target RED Driving School
Sector Education
Buyer(s) Ashridge Capital
Trimountain Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

RED Driving School

Billingham, United Kingdom
RED Driving School is a driving school that teaches people of all ages and abilities to drive with a particular emphasis on safe driving. Customers learning to drive with RED get great instructors who follow a structured lesson program designed to prepare them for their practical test. A key element of the program is designed to impart safe driving skills for life. RED Driving School is based in Billingham, United Kingdom.

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Buyer(S) 2

DESCRIPTION

Ashridge Capital is a UK-based private investment group focused on partnering with management to build businesses. Ashridge seeks to invest £1 to £20 million in companies valued up to £50 million. The Firm will consider majority or minority positions in a variety of transaction situations including buyouts, divestitures, and shareholder restructurings. Areas of interest include healthcare, leisure, retail, and outsourcing. Ashridge Capital was formed in 2009 and is based in London.


DEAL STATS #
Overall 6 of 8
Sector: Education M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 3
Country: United Kingdom M&A 6 of 8
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-01 Lusso Homes

Weybridge, United Kingdom

Lusso Homes is a residential house builder focused on building contemporary and innovative homes in Surrey’s “golden triangle” and the A3 corridor up to Outer London. Lusso Homes is based in Weybridge, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-24 Pod Food

London, United Kingdom

Pod Food is a healthy fast food group that operates 24 sites in London, serving freshly prepared and healthy breakfast, lunch, and dinner dishes to takeaway or eats in. Pod Food is based in London, United Kingdom.

Sell -
DESCRIPTION

Trimountain Partners is a private equity firm focused on investing in consumer and business services companies. Specific areas of interest include consumer packaged goods, restaurants, sports and fitness, for-profit education, food, personal care, facility management, travel, and home furnishings. The Firm will consider control and non-control opportunities and targets profitable companies with $10 to $100 million of revenue. Geographic areas of interest include the US, UK, and Canada. Trimountain Partners is based in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector: Education M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-11 Universal Lacrosse

Somerville, New Jersey, United States

Universal Lacrosse offers a wide range of products and services from both men's and women's lacrosse shafts, heads, and protective equipment. Along with dynamic athletic and casual apparel. For services it offers custom lacrosse head stringing, and dying. As well as custom in house uniform and apparel design and creation for all sports and organizations. Universal Lacrosse was formed in 2006 and is based in Somerville, New Jersey.

Sell -