Barloworld Scientific Laboratory Group
|Transaction:||Portfolio acquisition from a listed corporate|
|Portfolio:||Barloworld Scientific Laboratory Group: Encompassing 6 businesses|
|Geography:||UK, France, Germany, Italy, Spain, US and China|
|Sector:||Engineering & Manufacturing / Services & Distribution|
|Deal size:||£75 million|
Nova's £75 million acquisition of the Barloworld Scientific Laboratory Group followed a strategic review by global operator Barloworld Ltd of its structure and direction resulting in the decision to dispose of its non-core assets. Their decision to sell to Nova was driven by Nova's ability to: acquire the Group in its entirety, at a favourable price, within the desired timeframe - and provide a strong partner for the businesses going forward.
|Transaction:||Public to Private|
|Vendor:||Shareholders of AIM listed Springboard plc|
|Portfolio:||12 UK businesses from a broad range of sectors|
The Nova led Public to Private acquisition of Springboard plc, an AIM listed investment vehicle with a portfolio of 12 companies, gave shareholders an instant return on their investment and a premium of 27.4% to the closing share price. It also provided the underlying businesses with the opportunity to continue their growth strategies with a new investment partner.