NVM makes 4x money on Arleigh exit

The GP will relinquish its full shareholding in Arleigh as part of the deal, which LKQ said in a filing with the US Securities and Exchanges Commission was not material to its financial results of operations or financial position. The GP made a 4x return and 24% IRR on the transaction.

NVM's sale brings to an end 12 years as an investor in Arleigh, which has received a total of £3.3m from the GP over the lifespan of the investment.

Previous funding
In October 2004, NVM took a minority stake in Arleigh through an MBO financed by its Northern 2 VCT and Northern Investors Company funds. The deal saw NVM carve out the company from parent First Serve Group, in a deal with a £3.7m EV.

In 2011, NVM supported the bolt-on of caravan and motorhome equipment business Nova Leisure.

Company
Founded in the 1960s, Arleigh International is a wholesaler of spare parts and accessories to the caravan and mobile home market in the UK.

Headquartered in Nuneaton, the company has three divisions supplying equipment to holiday homes, motorhomes and narrowboats.

People
NVM Private Equity – Martin Green (managing partner).
Arleigh International – Alastair Thomas (managing director).

Advisers
Vendor – Mills and Reeve, James Hunter (legal); BDO, Roger Buckley, Adam Whistance (corporate finance).

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• Topics
• Exits
• UK / Ireland
• Consumer
• NVM Private Equity
• Trade sale