Sale to PAI Partners

Technology & Services
Sale to PAI Partners


Baird served as the exclusive financial advisor to VPS Acquisitions Limited on this transaction.


VPS Acquisitions Limited, a portfolio company of TDR Capital LLP (“TDR”), recently completed the sale of its trading company, VPS Holdings Limited (“VPS” or the “Company”), to PAI Partners (“PAI”). Terms of the transaction were not disclosed.

VPS is a leading provider of vacant property security solutions and management services to both commercial and public sector customers. The Company is a market leader in the United Kingdom, France and the Netherlands and is also present in Germany, Ireland, Italy and Spain. The Company’s security solutions include the provision of regular inspections and security screens combined with wireless, ruggedised alarm and CCTV systems (“smart alarms”) for vacant properties. Its vacant property management services include assessment, clean & clear, maintenance and live-in guardian services. VPS is headquartered in the United Kingdom.

TDR is a private equity firm with over €4.8 billion of commitments under management. TDR focuses on mid-market buyout investments with significant operations in Europe and is headquartered in London, United Kingdom.

PAI is a leading European private equity firm with offices in Paris, London, Luxembourg, Madrid, Milan, Munich and Stockholm. PAI manages €5.8 billion of dedicated buyout funds. Since 1994, PAI has completed more than 50 LBO transactions in 10 European countries, representing over €36 billion in transaction value. PAI is characterised by its industrial approach to ownership, combined with its sector based organisation, with Business Services being one of the sectors where it has a long track record of successful investments.

For additional information about this transaction, please contact:

David Silver +44 207 667 8216
Jonathan Bourn +44 207 667 8308
Ross Williams (414) 298 6235
Martin Luen +44 207 667 8381
Technology & Services
Sale to PAI Partners
July 2014
VPS Holdings Limited
Technology & Services
Target Location
Acquiror Location