Deals in Focus

Deals in Focus | UK Mid Cap
19th December 2019 Atheneum Team
19th December 2019

Key Atheneum Experts

Former CFO – Addison Lee
Former Commercial Director – Addison Lee
Chairman – Uber UK (rival)

Key Information

Transport
HQ – UK
Operations – UK

London based minicab operator Addison Lee (AL) are up for a sell by private equity holders The Carlyle Group. AL have outstanding debts of around £230m with lenders ING. Former CEO Liam Griffin is seeking £125m for a rescue bid with many other parties showing interest. AL is aiming for a rescue deal before the year end.

Key Atheneum Experts

Former Chief Business Development Officer – Hydrasun
Former Group Sales Manager – Hydrasun
Former Account Manager – Hydrasun

Key Information

Industrial
HQ – UK
Operations – Global

Investcorp have launched an auction of the sale of Hydrasun – provider of integrated fluid transfer, power and control solutions to energy, OEM, marine and renewables firms. Approximately 15- 20 parties are interested in the first round of bidding, which is due to conclude at the end of December. Sources value the firm at around €115m.

Key Atheneum Experts

Former CFO – Telegraph Group
Former Director of Digital Initiatives and Innovation – Telegraph Group
Former Executive Editor – Telegraph Group

Key Information

Media
HQ – UK
Operations – Global

Current owners Barclay brothers are considering putting the newspaper group up for sale with sources claiming an asking price of over £200m. Belgian firm Mediahuis is interested along with several other private equity parties.

Key Atheneum Experts

Former Director of Business Development – Mettis Aerospace
VP of Global Sales – AerSale Inc (rival)
Former Operations Director – MB Aerospace (rival)

Key Information

Aerospace
HQ – UK
Operations – Global

Stirling Square is looking to take the UK-based aerospace components manufacturer Mettis Aerospace (MA) to market. MA’s revenue grew by 10% in 2018 to £82.4m and the underlying EBITDA went up 6% to £13.5m compared with the previous year.

Key Atheneum Experts

Former Managing Director – Beck & Pollitzer
Former Sales Director – Beck & Pollitzer
Former Finance Director – Beck & Pollitzer

Key Information

Industrial
HQ – UK
Operations – Global

Graphite Capital are looking to take the UK-based industrial machinery installation and relocation firm Beck & Pollitzer (B&P) to market. B&P will be marketed off at around GBP 15m EBITDA. Operational profit grew 31% over the 2017-18 period. Lincoln International are advising the sale of B&P.

To learn more please email: yashar.jedari@atheneum-partners.com