Corporate Finance Deal Announcement: TXM Holdings funded by Lloyds Development Capital

7th Oct 2016

We are delighted to announce the institutional buy-out of TXM Holdings and its wholly-owned subsidiary, TXM Plant. The IBO was led by private equity firm LDC and supported by the incumbent management team, led by managing director Gareth Richardson, business development director Rob Killen and finance director Patrick Matthews. TXM provides road rail vehicles and associated attachments and supplies to Network Rail and its major contractors involved in maintenance, track renewal and infrastructure projects. The £45 million turnover business operates from its main headquarters in Milton Keynes and also has depots in a further nine strategic locations throughout the UK.

Our advice was successfully led by managing director Laurence Whitehead and director Craig Chamberlain. They worked closely with the management team, advising on the pricing and structure of the transaction, as well as liaising with LDC and other advisers, including the corporate team at EMW Law led by Paul Bevington, who provided legal advice to the management team.

Gareth Richardson commented:

"After a period of solid growth, now is the right time to accelerate the next stage of the business’s growth journey. This deal provides us with the platform to cement our market-leading position. Developing first-class rail infrastructure is a major national priority, and we are well placed to be at the centre of many of these exciting projects as lead partners to our clients. The support of the MHA MacIntyre Hudson corporate finance team to help us achieve our aspirations is greatly appreciated."

Laurence and Craig added:

“It’s been a pleasure to advise this highly talented management team. TXM is a leader in its field and has clear plans to continue to grow and enhance shareholder value over the coming years. Deals of this nature are highly complex but our experience and expertise left us well positioned to assist management on the key commercial issues facing them as they finalised deal terms with LDC. We are delighted to have played our part in what is a good deal for all parties.”

How can we help

If you would like to know more about this deal or how we can assist you, your clients or your contacts on corporate finance or strategic planning matters, then send us an enquiry to arrange an initial no-obligation meeting.

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