Minority stake sale to Investor Consortium

Technology & Services
Minority stake sale to Investor Consortium

Summary

Baird served as the exclusive financial advisor to JLA Equityco Limited on this transaction.

About

HgCapital, the manager of HgCapital Trust plc (“HgCapital”) (LSE:HGT), recently divested a minority stake in JLA Equityco Limited (“JLA” or the “Company”) to a group of institutional investors. In addition to the sale of a minority equity interest, the business has also been re-financed. Terms of the transaction were not disclosed.

JLA is one of the United Kingdom’s leading providers of commercial laundry and catering equipment on a contracted basis. JLA operates across a diverse sector base offering SME customers a fully inclusive machine supply and service proposition under the name of Total Care. In addition, the Company provides customers with supplementary products and services (e.g. service contracts, compliance and safety service solutions, equipment sales and consumables). JLA is headquartered in Ripponden, United Kingdom.

HgCapital is a sector expert private equity investor. Sector teams focus on specific sub-sectors and investment themes to identify companies occupying an established position within a niche, and which have the potential to grow faster than their market, create employment and become the leader in their industry. HgCapital invests in expanding segments of the TMT, Services, Industrials and Renewable Energy sectors across Northern Europe. Based in London, United Kingdom and Munich, Germany, HgCapital manages more than £5 billion for some of the world’s leading institutional and private investors. For further details, please see www.hgcapital.com

For additional information about this transaction, please contact:

David Silver +44 (0) 207 667 8216
Vinay Ghai +44 207-667-8225
John Sun +44 (0) 207 667 8224
Ross Williams +1 (414) 298-6235
Technology & Services
Minority stake sale to Investor Consortium
Date
December 2015
Company
JLA Equityco Limited
Transaction
M&A
Sectors
Technology & Services
Target Location
Europe
Acquiror Location
Europe

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