Our Tech & High Growth team advised the Deltron Group, a Dudley-based lift maintenance and repair business, on a minority private equity investment by LDC, a private equity investor that is part of Lloyds Banking Group.
Deltron manages approximately 9,000 units for over 1,700 customers and employs around 94 people. The investment was designed to support Deltron’s growth strategy, both by enhancing its service offering to public- and private-sector clients across the UK and by enabling a series of complementary acquisitions.
Minority private equity investment
Having historically advised the Deltron Group on a number of acquisitions and provided legal support as its business has continued to grow, our Tech & High Growth team advised the shareholders of the Deltron Group on a minority private equity investment from LDC in 2024. We have advised many management teams on successful private equity investments (including other LDC portfolio companies), and the transaction represents yet another example of our team delivering in this space.
Private equity investments are specialist transactions that require an experienced legal partner to properly advise management on what can be complex investment terms. We have consistently achieved successful outcomes for our clients in this space for several years and have supported teams from tender through to completion and beyond.
Since the investment, our Corporate team has advised the Deltron Group on a number of further bolt-on acquisitions. In August 2024, we advised Deltron on its acquisition of Elevate UK, and by September 2024, five further acquisitions (including Metro Lifts, Elevator Group, A1 Lifts and Lift Control) were completed with our assistance, which more than doubled the Deltron Group’s geographical coverage and customer base. We are proud to remain a trusted advisor to the Deltron Group and to play a part in delivering its business plan that the shareholders and LDC implemented as part of the LDC investment, which really highlights the value in the relationships and the wide range of legal support we look to offer our clients.
HR, Corporate, Property, Acquisition, litigation. We use Higgs for a whole host of services. We will be using MANY more times in the future as we embark on our M&A journey!
Scott Haywood
Director
Conclusion
We have a great deal of expertise advising management on private equity-backed investments, which require a level of specialist advice that our Tech & High Growth team is proud to deliver consistently. This deal in particular underscores our ability to support our clients from investment through to beyond, as our full-service offering enables us to be a true one-stop legal partner.
Higgs’ corporate team was well-positioned to continue supporting Deltron on its transformational, private-equity-backed growth in the UK, as we assist with its ambitious growth plans through a number of bolt-on acquisitions.
