RSS
Market and Sector Type: 
Business Services

Aberdeen exits from ID Support Services

Article Date:  Aug 06 2008

Aberdeen Asset Managers Growth Capital has exited from ID Support Services Holdings by way of a secondary buy-out backed by Penta Capital Partners. The sale realised an overall return of 1.8x money on the investment and an IRR of 61 per cent.

Clients of Aberdeen, who will continue to hold a nominal equity stake in the company, originally invested £3 million in March 2007 to support a primary buy-out of the company alongside the executive chairman, Brian Dunn and the group chief executive, David Metcalfe.

ID is the holding company for the two main operating subsidiaries namely ID Technology (IDT) and GK Industrial (GK). IDT provides electronic security solutions primarily in the casino and retail sectors. GK provides industrial air conditioning, refrigeration and energy efficiency solutions in the retail and healthcare sectors.

The secondary buy-out should provide the company with additional facilities to acquire further complementary businesses.

Comments 

There are currently no comments on this article

Sign up and get...

  • Regular GrowthBusiness newsletters
  • Post comments on articles
Sign up

Research

VCT Special Report 2008

A comprehensive report on VCTs and over £1 billion in investment trusts just waiting to be invested in fast growth ventures.

Cash Shells 2008

A comprehensive overview of cash shells on AIM, companies that have become a significant feature on the AIM landscape.

More

Events Calendar

Rosenblatt New Energy Awards

25th February, Natural History Museum, Cromwell Road, London SW7 5BD

M&A Awards 2009

18th February, London Hilton, Park Lane, London

M&A Expanding internationally

27th November, Sofitel London St James

More

More News: Mergers & Acquisitions

Intertek deal to test Eastern Europe 

Intertek, a provider of safety services, has expanded its operations in Eastern Europe with the acquisition of a food testing laboratory in Poland.

Commoditrade takes control of AMCO 

Investment group Commoditrade has bought a controlling interest in a commodities fund with more than £65 million under management.

Moto picks up Roadchef site 

Motorway service station operator Moto Hospitality has expanded its operations on to the M3 after buying a business from a rival firm. 

More Business Services: Mergers & Acquisitions

Melorio to buy Zenos duo 

Melorio has continued its consolidation strategy in the UK’s vocational training sector by agreeing to buy two government-funded providers.

Oil and gas recruitment firm in MBO

Kinetic Technical, a recruitment consultancy serving the oil and gas industries, has been bought by its management.

Brothers sell Garic to Bibby 

Two brothers who established a plant and equipment hire business in Bury 25 years ago have sold the company to a conglomerate.

Vehicle hire business in PE-backed acquisition

Nexus Vehicle Rental, a UK company owned by private equity (PE) firm ISIS Equity Partners, has grown its business through an acquisition.

Vp in seventh heaven with Brighton deal 

Equipment rental specialist Vp has continued its expansion with the acquisition of a tool hire and sales company in Brighton.

Advertisement

Related articles

Zenergy nets European money

AIM-listed renewable energy specialist Zenergy Power has been awarded a grant of €475,000 (£399,000) by the European Comission.

Hexagon makes US move

A headhunting and interim management company is to increase the international reach of one of its subsidiaries after agreeing to buy a US firm. AIM-listed Hexagon Human Capital will extend the services provided by Oxygen Executive Search, its senior and board level recruitment business, after striking a deal to buy Winchester Group.

Opening a second front

Many a business has lost its way as it opens in new locations, both in the UK and abroad.

Duo find the right support for buy-out

Two senior managers at a Manchester-based support services specialist have bought the business. The buy-out of ID Support Services (IDSS) was led by founder and chairman Brian Dunn and chief executive David Metcalfe.

Poll

What's your reaction to the Pre-Budget Report?



Have your vote on current issues

People who read this also read

  • Duo buys ID Support Services

    Senior management at a Manchester-based electronic security and climate control systems provider are to develop and expand the business after buying the company. ID Support Services, which serves companies across a range of industries in the public and private sectors, was bought for an undisclosed sum.

White Papers

Better Roads

Serves the information needs of governments and construction contractors involved in Federal, State, County, City and Township highway, road and bridge construction, winter maintenance, roadside and vegetation management and other highway-related projects.

Defense Systems

Focuses on the "information-centric" transformation that is sweeping the defense and intelligence communities.

Governing

Is a monthly magazine whose primary audience is state and local government officials: governors, legislators, mayors, city managers, council members and other elected, appointed and career officials.

More

Free prize draw!

Complete our short survey and you could win a bottle of champagne.

Click here to enter the