Squire Patton Boggs has advised the management team of €150m-turnover Yorkshire-based pest control product manufacturer, Pelsis, on its acquisition by specialist investment manager Pamplona Capital Management. The transaction, which marks the exit of private equity firm LDC after a four-year partnership, is set to complete in September.
The team advising on the transaction was led by Corporate partner Ben Squires and included senior associate Andrew Slucky.
Pelsis is a global supplier to the world's largest pest control operators, distributors and retailers through leading brands such as Edialux, Insect-O-Cutor, B&G, Curtis Dyna-Fog and Pest-Stop. Led by chief executive Andrew Milner, Pelsis employs over 600 people across 15 facilities in Western Europe and the US.
Mr. Milner said: “We are very excited to begin this new chapter for Pelsis together with Pamplona. Pamplona will actively support Pelsis in achieving our shared goals and growing further into the US and Europe, consolidating our position as a market leader and introducing new, innovative products to the market. Having met the Pamplona team, we look forward to working with them in driving the company's further success.
“We have always been focused on our objective to become a world leading supplier of pest control products. LDC has been a supportive investor throughout our partnership. They knew we wanted to grow through acquisition and they absolutely delivered by helping us to make three significant acquisitions. Today the business is a leader across multiple categories.”
Ben Squires commented: “We are delighted to have advised Andrew and the management team on this transaction. This is a business we know well, having advised on the secondary buyout of Pelsis in 2017, and we are pleased to be able to play a further part in its continued success.”