LDC invests in IWS Group to support acquisition plans

The sponsor will support the existing management team, led by CEO Jeroen van den Berge and director Tim Lacey, to strengthen its acquisitive efforts. The warehouse specialist has made four acquisitions in the last four years, according to a press release.

IWS acquired UK-based The Rack Group, a warehouse racking specialist, in May 2021, according to reports. With the support of LDC, IWS expects to acquire complementary businesses so that it can broaden its product range and services while enhancing its global footprint, particularly across Europe.

HSBC provided debt facilities for this transaction.

Company
IWS Group was founded in 2019 and is headquartered in Milton Keynes. The company provides transportation, warehouse safety services and supplies, logistics, supply chain, and storage solutions. Its subsidiaries include Brandsafe, Racksack, Modulean, and Rack Armour.

People
LDC – Matt Newbold (investment director).
IWS Group – Jeroen van den Berge (CEO, co-founder); Tim Lacey (director).
Advisers
Vendor (company) – Eversheds Sutherland (legal); HSBC (debt); FRP Corporate Finance (debt); EY (financial due diligence); KPMG (financial due diligence); Strategy& (consultant); Interpath (financial due diligence).
Vendor (IWS Group) – Rothschild & Co (M&A); Arrowpoint Advisory (corporate finance); Addleshaw Goddard (legal); CIL (commercial due diligence); Mazars (tax).

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• Topics
• Buyouts
• UK / Ireland
• Industrials
• LDC
• United Kingdom
• Minority investing