mobile-nav icon

Industry insights, commentary and overviews
of the key industry issues

  • Pulse

  • drxData Industrials Insight

  • Insights

     

    drxData Industrials Insight

  • Market Insight

    Our data platform drxDATA is able to isolate and track the activity within the UK PE industrials Marketplace.
     
    ​​​​​​​With 35 exits thus far in 2018, we have seen a robust exit marketplace with increasing exit volumes up from 32 exits last year. In particular, the mid-market has remained buoyant with 28 exits, and some particularly strong returns found in deals such as DW3 Products, which has delivered an upper quartile return and some of the strongest bottom line growth seen on recent industrials exits. Tekmar, led by 28-year old CEO James Ritchie, is the first PE IPO of the year.
     
    Large cap transactions (including credit, debt, equity & PIPE) this year: GKN Group, Cory Riverside and CALA Group – also represent solid returns for their investors and demonstrate that the larger part of the marketplace is still performing robustly.




    2018 exit volumes on the rise

    This year has seen a strong start to exit volumes across the industrials marketplace, with volumes and returns both trending up on their 2017 levels. Here is an overview of the industrials exits that occurred through Q1 in 2018:

    Company NameDeal DatePrimary Industry CodeCompany CityDeal TypeSellers
    ALTEK Europe29-May-18Machinery (B2B)ChesterfieldMerger/AcquisitionSantander Corporate & Commercial
    Anglian Water Group21-Feb-18Holding CompaniesHuntingdonSecondary Transaction - Private3i Infrastructure
    Aspin Group05-Mar-18Construction and EngineeringHemel HempsteadBuyout/LBOLDC
    Aspire Defence19-Apr-18Real Estate Services (B2C)TidworthMerger/AcquisitionInfraRed Capital Partners, Innisfree
    Belfast International Airport01-Jan-18AirBelfastMerger/AcquisitionAirports Worldwide
    Bench05-Jul-18Distributors/WholesaleManchesterBuyout/LBOBeechbrook Capital, EMERAM Capital Partners
    Birmingham International Airport01-Jan-18InfrastructureBirminghamSecondary Transaction - PrivateOntario Teachers Pension Plan
    Booker Group05-Mar-18Distributors/WholesaleWellingboroughMerger/AcquisitionKaupthing Capital Partners
    Bristol Airport01-Jan-18InfrastructureBristolSecondary Transaction - PrivateOntario Teachers Pension Plan
    Brownhills Glass Company26-Apr-18Other Commercial ProductsWalsallSecondary Transaction - PrivateBusiness Growth Fund
    CALA Group13-Mar-18Construction and EngineeringEdinburghBuyout/LBOPatron Capital Partners
    Clyde Space30-Jan-18Aerospace and DefenseGlasgowMerger/AcquisitionCoralinn, Nevis, Scottish Enterprise
    Cory Riverside Energy06-Jun-18Environmental Services (B2B)LondonBuyout/LBOBNP Paribas, Strategic Value Partners
    Dale Power Solutions06-Feb-18Electrical EquipmentScarboroughBuyout/LBOLDC
    Dawn Homes02-May-18Construction and EngineeringGlasgowMerger/AcquisitionBellrock Property and Facilities Management, Lyceum Capital
    DW3 Products Group30-Jan-18Building ProductsStoke On TrentMerger/AcquisitionNorthEdge Capital
    EWS (Manufacturing)02-Jul-18Other Commercial ProductsWolverhamptonMerger/AcquisitionARC Specialist Engineering
    Freedom Group04-Apr-18Construction and EngineeringWakefieldMerger/AcquisitionEnServe Group, Grovepoint, Investec, Rubicon Partners
    GKN Group21-May-18Construction and EngineeringRedditchMerger/AcquisitionBlackRock, Elliott Management, GIC Private
    Hydro International21-Feb-18Environmental Services (B2B)ClevedonBuyout/LBOHanover Investors
    ICA Digital23-Feb-18Other Commercial ProductsSmallfieldBuyout/LBOForesight Group
    Jigsaw2405-Mar-18Distributors/WholesaleNottinghamBuyout/LBONorthEdge Capital
    JLA14-May-18Electrical EquipmentRippondenBuyout/LBOArdian, HgCapital
    Lowe Rental14-Mar-18Other Commercial ServicesLisburnBuyout/LBOMML Capital Partners
    Nylacast01-Jul-18Plastic Containers and PackagingLeicesterBuyout/LBOCaird Capital
    OrthoD Group29-Mar-18Therapeutic DevicesBourton on the WaterBuyout/LBOThe Riverside Company
    Proserv08-Mar-18Oil and Gas EquipmentWesthillBuyout/LBORiverstone Holdings
    Roma Leather Collection25-Jan-18Other Commercial ProductsNorthamptonshireMerger/AcquisitionSKG Capital Partners
    S.Walsh & Sons08-Jan-18Construction and EngineeringBrentwoodMerger/AcquisitionLloyds Banking Group
    Sangamo Controls09-Mar-18Electrical EquipmentPort GlasgowMerger/AcquisitionBank of Scotland, Owner Venture Managers
    Savoury & Sweet05-Jan-18Food ProductsLeicesterMerger/AcquisitionPermira Debt Managers
    Siltbuster26-Jan-18Environmental Services (B2B)MonmouthMerger/AcquisitionDevelopment Bank of Wales
    Speciality Coatings (Darwen)08-Mar-18Paper Containers and PackagingDarwenMerger/AcquisitionGE Capital, International Fibres Group, Lins Trading
    Steam Packet Company26-May-18MarineDouglasMerger/AcquisitionMotor Trades Association of Australia Superannuation Fund, State Super, United Super
    Stirling Dynamics09-Apr-18Aerospace and DefenseBristolBuyout/LBOEndless, Growth Accelerator
    Styles & Wood Group09-Mar-18Other Commercial ServicesManchesterMerger/AcquisitionBarclays, Business Growth Fund, Janus Henderson Group
    Tamar Energy07-Feb-18Environmental Services (B2B)LondonMerger/AcquisitionFajr Capital, J Sainsbury, Low Carbon Accelerator, Ludgate Environmental Fund, Ludgate Investments, RIT Capital Partners, Sustainable Technology Investors
    Tekmar Energy (LON: TGP)20-Jun-18Other Commercial ServicesNewton AycliffeIPOElysian Capital
    The Gro Company05-Jan-18Distributors/WholesaleExeterMerger/AcquisitionHSBC Holdings, Mobeus Equity Partners
    The Pallet Network28-Jun-18RoadSutton ColdfieldMerger/AcquisitionLDC
    Transflex Vehicle Rental16-Apr-18AutomotiveStockton-on-TeesMerger/AcquisitionEquistone Partners Europe, T.O.M. Vehicle Rental
    Westleigh12-Apr-18Construction and EngineeringLeicesterMerger/AcquisitionPalatine Private Equity

  • 19/07/2018

  • Author :