• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deals search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
Unquote
  • Buyouts

NorthEdge backs Orbis Protect MBO

  • Greg Gille
  • Greg Gille
  • @unquotenews
  • 31 August 2018
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

NorthEdge Capital has invested in the management buyout of Uxbridge-based facilities management company Orbis Protect.

NorthEdge secured a majority stake in the business, backing the existing management team led by CEO Guy Other and COO Ben Howard. Financial details were not disclosed.

Clydesdale and Yorkshire Bank provided financing for the deal.

Orbis Protect

  • DEAL:

    MBO

  • VALUE:

    n/d (£20-30m est)

  • LOCATION:

    Uxbridge

  • SECTOR:

    Business support services

  • FOUNDED:

    1981

  • TURNOVER:

    £28.4m (2016-17)

  • EBITDA:

    £2.7m (2016-17)

  • STAFF:

    400

The GP is currently investing from two funds: its flagship NorthEdge Capital Fund II, closed on £300m in early 2016, and the more recent £120m SME Fund I. The investment in Orbis came from the former, which focuses on lower-mid-market investments, seeking businesses with enterprise values of between £10-100m with a £20-75m sweet spot. Typical tickets will range from £5-35m.

Orbis will look to continue building up its market position in both the social housing and commercial property sectors. The GP stated it saw strong potential for further growth in the company's commercial services segment. Head of Midlands Rob Freer will join the board in a non-executive capacity.

Company
Established in 1981, Uxbridge-based Orbis is a facilities management company offering empty property management services for commercial and social housing, as well as lone worker protection, specialist cleaning and infestation control. It employs 400 staff across 19 depots.

In the 12 months to March 2017, Orbis reported a £28.4m turnover with a £2.7m EBITDA. Revenue was up 2.8% year-on-year. NorthEdge did not disclose more recent financials for the business.

People
NorthEdge Capital – Rob Freer (head of Midlands); Andy Skinner (investment director).

Advisers
Equity – Deloitte, Darren Boocock, Nick Carr, Mike Craven (corporate finance); Browne Jacobson, Gavin Cummings, Michael Stace, Charlotte Cannell, Emma Hinton (legal); BDO (financial due diligence); Teneo (commercial due diligence); PwC (tax); KPMG (IT due diligence); SRS (management due diligence); Marsh (insurance due diligence).
Vendor – RSM (corporate finance).

empty property management service for commercial and social housing properties; lone worker protection through our BS5979 Cat II and BS8484 accredited Alarm Receiving Centre; and specialist cleaning and infection control services to customers across the private and public sectors.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Buyouts
  • UK / Ireland
  • Support services
  • NorthEdge Capital
  • Deloitte
  • BDO LLP
  • KPMG
  • PwC
  • United Kingdom

More on Buyouts

Clinical trials and biotechnology
Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

  • Buyouts
  • 04 September 2023
EMEA Public to Private M&A
Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

  • Investments
  • 04 September 2023
HR software solutions providers
Main Capital’s Assessio to be sold to Pollen Street

Recruitment software company tripled in revenue under Main Capital’s ownership

  • Buyouts
  • 25 August 2023
Ice cream
Exponent divests ‘significant' stake in Meadow to Canadian investor

Since 2018, GP has diversified food ingredients company's focus beyond commodity dairy

  • Exits
  • 22 August 2023

Latest News

Fund closes in US dollars
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote

  • 05 September 2023
Clinical trials and biotechnology
  • Buyouts
Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

  • 04 September 2023
Public sector software
  • Exits
Partners Group to release IMs for Civica sale in mid-September

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
EMEA Public to Private M&A
  • Investments
Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

  • 04 September 2023
Back to Top
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013