Background
• Lyceum Capital invested in NBG as part of a management buyout in March 2005
• Under Lyceum’s ownership NBG has completed eight strategic acquisitions to broaden the group’s range of products and services, leading to the reorganisation into four divisions: Inspection & Testing, Information Services, Consultancy and Training
• NBG’s sales have risen 81% and EBITDA 177% under Lyceum’s period of ownership resulting in NBG today being one of the UK’s leading providers of bundled health and safety risk management solutions
Process & Outcome
• Close Brothers Corporate Finance was appointed as sole financial adviser on the disposal and ran a highly competitive process involving strategic and financial purchasers
• Connaught Plc acquired NBG for £91 million in October 2007
For more information regarding this transaction, please contact Peter Alcaraz, Tim Evans or Michael Hart on +44 (0) 20 7655 3100.