PELSIS GROUP TO BE ACQUIRED BY SPECIALIST INVESTMENT MANAGER PAMPLONA
Knaresborough-headquartered global pest control technology leader Pelsis Group has announced it will be acquired by specialist investment manager Pamplona Capital Management this September.
Pelsis has been owned for the past four years by Lloyds Development Capital (LDC), the private equity arm of Lloyds Banking Group.
During that period, LDC supported Pelsis’s international growth strategy, led by the company’s CEO Andrew Milner, which included three international acquisitions.
Today, Pelsis employs around 600 people across 15 sites located throughout Western Europe and the US. All values relating to the Pamplona transaction are undisclosed.
Pamplona is a specialist investment manager established in 2005 that provides an alternative investment platform across private equity and other diversified strategies. With offices in New York, London, Madrid, and Malta, Pamplona manages over $11bn in assets.
Martin Schwab, Co-Managing Partner, Pamplona: “We are looking forward to partnering with Andrew and the management team of Pelsis and are impressed by the work they have done to build the company into an attractive growth platform in recent years. As a global leader in the highly resilient pest control market, we believe Pelsis is very well positioned to take advantage of the strong trend towards greater focus on health and hygiene, and continued growth and development of the pest control industry. Pamplona’s track record in supporting management teams in executing their strategic ambitions across both sides of the Atlantic and experience in carrying out bolt-on acquisitions ideally position us to support Pelsis for the next stage of growth.”
Andrew Milner, CEO of Pelsis: “We are very excited to begin this new chapter for Pelsis together with Pamplona. Pamplona will actively support Pelsis in achieving our shared goals and growing further into the US and Europe, consolidating our position as a market leader and introducing new, innovative products to the market. Having met the Pamplona team, we look forward to working with them in driving the company’s further success.
“We have always been focused on our objective to become a world leading supplier of pest control products. LDC has been a supportive investor throughout our partnership. They knew we wanted to grow through acquisition and they absolutely delivered by helping us to make three significant acquisitions. Today the business is a leader across multiple categories.”
Dale Alderson, Head of the North West at LDC, added: “We partnered with Pelsis to support its international acquisitive growth strategy. During our partnership, Andrew and his team have cemented Pelsis’ market-leading position by making astute acquisitions. I have no doubt they will continue to go from strength to strength as they continue to expand across the world.”
Pamplona received financial advice from Houlihan Lokey and William Blair, and Kirkland & Ellis provided legal advice. Pelsis received financial advice from Rothschild and legal advice from DLA Piper. PWC provided financial due diligence and OC&C provided commercial due diligence.