Rubicon in exclusivity over John Lawrie acquisition

LDC and HIG Capital were also involved in the bidding process, according to unquote" sister publications Mergermarket and Debtwire, which both cited sources familiar with the matter.

The negotiations are reportedly based on an EBITDA figure of £10-12m. According to Debtwire, the debt package to support the deal is expected be worth around 3.5x EBITDA, though this could be as high as 5x.

John Lawrie is headquartered in Aberdeen and was founded in 1934. It recycles scrap metal, sells new and used oilfield tubulars and decommissions oilfields and other industrial structures.

Rubicon specialises in investments within the manufacturing and distribution segments for the aerospace, agriculture, automotive, building products, diversified industrials and energy sectors. It targets buyouts of businesses with enterprise values of £15-250m with a view to remaining invested for more than seven years.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• UK / Ireland
• Industrials
• United Kingdom