M&A Deal Summary

Westland Horticulture Acquires Cranswick Pet Products

On April 11, 2012, Westland Horticulture acquired food company Cranswick Pet Products from Lloyds TSB Development Capital for 18M GBP

Acquisition Highlights
  • This is Westland Horticulture’s 1st transaction in the Food sector.
  • This is Westland Horticulture’s 0th largest (disclosed) transaction.
  • This is Westland Horticulture’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2012-04-11
Target Cranswick Pet Products
Sector Food
Buyer(s) Westland Horticulture
Sellers(s) Lloyds TSB Development Capital
Deal Type Add-on Acquisition
Deal Value 18M GBP

Target

Cranswick Pet Products

Driffield, United Kingdom
Cranswick Pet Products Ltd. is a manufacturer of food and accessories for bird and small animal markets.

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Buyer(S) 1

Buyer

Westland Horticulture

Dungannon, United Kingdom
Category Company
Founded 1990
Sector Distribution
DESCRIPTION

Westland Horticulture is a horticultural company that supplies a gardening products to the industry including growing media, lawn treatments, lawn seed, plant food, pest control, fungicides, weed killers and mulches.

DEAL STATS #
Overall 1 of 2
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (United Kingdom) 1 of 2
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-16 Gardman

Peterborough, United Kingdom

Gardman Ltd. is a provider of wild bird-care products such as seeds and feeders; tooling, gardening footwear and gloves; lighting; greenhouses; and pots, planters and hanging baskets. Gardman Ltd. was founded in 1992 and is based in Peterborough, United Kingdom.

Buy -

Seller(S) 1

SELLER

Lloyds TSB Development Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 2.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Lloyds TSB Development Capital Ltd (LDC) is the private equity arm of Lloyds Banking Group Plc and invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. Lloyds TSB Development Capital Ltd was formed in 1981 and is based in London.

DEAL STATS #
Overall 45 of 192
Sector (Food) 1 of 6
Type (Add-on Acquisition) 20 of 92
Country (United Kingdom) 43 of 186
Year (2012) 3 of 5
Size (of disclosed) 55 of 61
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-06 Airline Components Services

Essex , United Kingdom

Airline Components Services specialises in the supply and repair cycle management of rotable flying controls and structural components to Airlines, Air Transport Operators, aircraft spare parts traders and MRO’s throughout the world. Airline Components Services was founded in 2005 and is based in Essex, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-26 Bifold Fluidpower

Manchester, United Kingdom

Bifold Fluidpower Ltd. is a designer and manufacturer of switching instrument valves and pumps for the oil and gas industry.

Buy -
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