Livingstone Sells ABI to LGV Capital
November 2011
Livingstone, the UK’s leading corporate finance advisory firm, announces the sale of ABI (UK) Group Ltd (’ABI’) to LGV Capital Ltd (‘LGV’) and management.
ABI (UK) Group Ltd (‘ABI’) based in Beverley, Yorkshire employs approximately 300 people and is one of the UK’s leading manufacturers of caravan holiday homes, selling to all major caravan park operations.
Livingstone Partners was retained by the shareholders, including Barclay Ventures and marketed the business to a selected list of private equity sponsors in a competitive process.
LGV’s sector experience, determination, flexibility and strong support for the existing management team led by Chief Executive, Mel Cooper, and including Richard Jones, Dean Hague, Paul Clackstone and Stephen Hardaker, made them the ideal choice for the shareholders and the business.
Alex Brebbia, Director at Barclays commented: “Despite the challenging macroeconomic backdrop, a combination of experience, tenacity and knowledge demonstrated by the team at Livingstone ensured a deal which suited all parties was found and completed.”
Graham Carberry, Director, Livingstone added: “We are delighted to have been involved in this deal, which has delivered an excellent result for all parties. The Barclays Ventures team have secured another strong return while LGV Capital have captured a great business with a great management team and a great future.”
For further information please contact:
Phillip McCreanor
T: +44 20 7484 4700
E: mccreanor@livingstonepartners.co.uk
Graham Carberry
T: +44 20 7484 4700
E: carberry@livingstonepartners.co.uk
