Transaction Details

May 2, 2019
Manchester, London

Sector

Industrials and Industrial Technology, Business Services

Deal Type

M&A, Debt advisory

Deal Value

N/D

Deal Team

Adrian Reed, Simon Chambers, Adam Sivner, Shane Dulabdas, Alex Ford

GCA Altium advises LDC on its £20m investment in Shield Group International

GCA Altium advised LDC with an integrated corporate finance and debt team as it backs the management buyout of Shield Group International (SGI) from global testing, inspection and certification business Kiwa.

SGI, formerly known as Kiwa Compliance International, is an environmental inspection and consultancy business, specialising in health and safety services in relation to legionella, water safety, asbestos and other hazardous materials.

The business employs more than 600 people across six countries, including the UK, the Netherlands, Belgium, Norway, France and Spain. The company services clients across the global energy, industrials and public sectors, and has annual revenues of circa £50m.

LDC has backed the existing management team at SGI, as it looks to accelerate its growth strategy. This will allow the company to invest in its current offering and add complementary service lines through a targeted buy-and-build strategy in its chosen international markets.

The transaction is the latest in GCA Altium’s extensive track record in the industrials sector, having completed 20 deals in this space in Europe in the last 12 months.

Adrian Reed, Managing Director at GCA Altium, said: “SGI is an impressive global organisation which provides a vital health and safety service within the energy, industrials and public sector industries. With ever-tightening health and safety regulations in these industries, there is a growing appetite for investment in specialist companies that can guarantee compliance.”

Guy Bagshaw, Investment Director at LDC in Manchester, said: “SGI addresses critical, regulatory-driven Health & Safety related issues for its customers, supporting the well-being of their employees and protecting the surrounding environment. Frank-Maarten, Gavin and Alain have established the leading business in its field, not just here in the UK but across Europe also, and we look forward to working closely with them as they embark on the next stage of their journey as an independent business.”

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