Clairfield advises on the MBO of Nationwide Hire Ltd
Clairfield advised management and led the transaction in the MBO of Nationwide Hire Ltd. Management were backed by private equity firm Livingbridge with acquisition finance and working capital provided by Clydesdale & Yorkshire Bank.
Founded in 1995 and headquartered in Fareham, Hampshire, Nationwide Hire manages a network of over 4000 suppliers based in over 9000 locations across the UK and Ireland with access to more than five million products. With over 70 staff and turnover exceeding GBP 16 million, Nationwide Hire provides major plant and machinery, equipment, tools and specialist services to companies operating across a wide range of sectors including construction, facilities management, retail, events, waste management and crisis support.
Clairfield were retained to evaluate different exit options on behalf of the company. Following on from the review, the preferred option for both the shareholders and management was a private equity backed MBO. Clairfield led the MBO, identifying Livingbridge as an ideal partner to help deliver management’s vision for the business. Livingbridge’s GBP 15 million investment was coupled with a multi-million-pound acquisition finance and working capital facility from Clydesdale & Yorkshire Bank.
Clairfield International in the UK were engaged to lead the MBO of Nationwide Hire.
“I am delighted that Clairfield found a strategic investor for the business that will allow Nationwide to achieve our goals and develop the company. Many thanks for your support, brainpower and financial acumen to get us to a completed deal”
Jonathan Holley, CEO of Nationwide Hire Ltd
Business services
Acquisition
Advisor to the buyer
Services :
Recovery & restructuring
Sectors :
Business services
Countries involved :
UK
Deal team :
Similar transactions
M3 Self Storage, an operator of storage locations in the Netherlands, was sold to Safestore Holdings and Carlyle European Real Estate Fund, which formed a joint venture to complete the acquisition.
Business services , Financial Institutions
Sale
Advisor to the seller
The shareholders of Delta Service Location, an industrial equipment rental company, sold their shares to private equity investors and management in an LMBO transaction.
Business services
Sale
Advisor to the seller
Rental Express, Queensland’s largest and fastest-growing specialist property-management business with over 5000 properties under management, was acquired by Little Real Estate, Australia’s largest independently-owned real-estate agency.
Financial Institutions
Sale
Advisor to the sell side
Autonetzer, the German market leader in private car-sharing, was sold to Drivy, a French community-based car rental service. Autonetzer is Germany’s market leader in peer-to-peer car sharing with the largest offering of cars and the highest number of registered members.
Business services , Consumer & retail
Sale
Advisor to the sell side
Governia sold Easy Km, Finland´s largest comercial vehicle leasing company, to ALD Automotive Finland.
Business services
Sale
Advisor to the sell side
Governia Oy, a 100% state-owned investment company used for special-ownership restructuring purposes, acquired Pajakulma from Raskone. Pajakulma equips versatile commercial vehicles according to customer specifications. Raskone is one of the largest chains of service shops in Finland.
Consumer & retail , Industrials
Acquisition
Advisor to the buy side
