Thu, 23 Sep 2010 | DIVISION SALE
The biggest parking ticket and clamping company in the UK is setting its sights on significant expansion after it was sold by its owners in a £120 million deal.
NSL – which also helps run the London congestion charge – was sold by its owners 3i Group Plc, to rival private equity firm AAC Capital Partners, the former buyout arm of Dutch bank ABN AMRO.
Chief Executive Mark Underwood explained that senior management were planning on reinvesting in the business, which provides 'parking enforcement officers' to more than 50 municipal authorities around the UK. He said that would present "significant opportunity to expand the business over the next few years".
The company currently employs a staff of more than 5,000 and is currently involved in developing a scheme to establish regulated parking, with bays, meters and wardens, in the Arab emirate of Abu Dhabi.
NSL had been part of leading car park company NCP, which was bought by 3i in 2005. 3i subsequently divided the company in two, creating NSL as well as NCP and sold the latter to Australian company Macquarie. The sale of both divisions has rewarded 3i with a sum thought to be in the region of three times the amount it originally invested in the business.
UK-based regulatory and clinical consultancy firm specialising in the medical device compliance and MedTech sector serving a diverse client-base across the UK USA and Europe. The company utilises its significant experience to assist companies who hav...
The business is an established contractor specialising in a variety of plastering solutions, including drylining, screeding, and rendering. Operating on a B2B basis across Southern England, the company provides its services to organisations in the ho...
The company provides individuals and businesses with bespoke, impartial financial advice, specialising in tailored support relating to mortgages, property finance and personal insurance.
|
12
|
|
Mar
|
Obsequio Group continues buy-and-build strategy with deal for Environtec | BUSINESS SALE
Obsequio Group has continued its buy-and-build strategy with...
|
11
|
|
Mar
|
Caravan maker Atlas Leisure falls into administration | ADMINISTRATION
Half a century old East Yorkshire caravan manufacturer Atlas...
|
11
|
|
Mar
|
Yorkshire accountants Shenward buy London peer as part of expansion drive | BUSINESS SALE
Yorkshire accountancy firm Shenward has expanded into London...
|
12
|
|
Mar
|
Obsequio Group continues buy-and-build strategy with deal for Environtec | BUSINESS SALE
Obsequio Group has continued its buy-and-build strategy with...
|
11
|
|
Mar
|
Edinburgh consultants Alba Partners buy London peer Core Consultants | BUSINESS SALE
Edinburgh-based management consultants Alba Partners has bou...
|
11
|
|
Mar
|
UK administrations update: March 4 – 11 | ADMINISTRATION
Since our last update, the following businesses have been co...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.