Centriforce Acquired by Rubicon Partners to Drive International Growth
Deal News | Nov 01, 2024 | Rubicon Partners
Rubicon Partners, a prominent investment firm, has announced the acquisition of Plastic Recycling Limited, commonly known as Centriforce, from its previous shareholders. Situated in Liverpool, UK, Centriforce is recognized as a leading European manufacturer specializing in damage prevention products for sectors such as Utility, Agricultural, Building, and Landscaping. Their products are notably crafted from 100% recycled plastic, emphasizing sustainability and circular economy principles. This acquisition marks the eighth investment made from Rubicon's Fund V SCSp. As part of this strategic move, Jonathan Pearce, formerly the Sales Director at Centriforce, will ascend to the role of CEO, leading the company towards international expansion alongside the existing management team and Rubicon. Various advisory services supported Rubicon in this transaction, including PwC for financial and tax advisory, Proskauer Rose for legal advice, and CIL for commercial guidance. The senior debt for the acquisition was solely provided by Investec Direct Lending.
Sectors
- Manufacturing
- Recycling and Waste Management
- Private Equity
Geography
- United Kingdom – Centriforce is headquartered in Liverpool, UK, which is the primary location mentioned in the article.
- Europe – Centriforce is described as Europe's leading manufacturer in its niche market.
Industry
- Manufacturing – The article focuses on Centriforce, a company specializing in manufacturing damage prevention products.
- Recycling and Waste Management – Centriforce is known for using 100% recycled plastic in its manufacturing processes.
- Private Equity – Rubicon Partners, a private equity firm, is the major participant facilitating the acquisition.
Financials
- Undisclosed – The deal's financial terms were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Rubicon Partners | Bidding Company | Company | Rubicon Partners is a private equity firm that acquired Centriforce. |
| Plastic Recycling Limited (Centriforce) | Target Company | Company | Centriforce is a manufacturer of recycled plastic products and was acquired by Rubicon Partners. |
| Jonathan Pearce | Person | People | Jonathan Pearce is the new CEO of Centriforce post-acquisition. |
| PwC | Financial and Tax Advisor | Company | PwC advised Rubicon Partners on financial and tax matters. |
| Proskauer Rose | Legal Advisor | Company | Proskauer Rose provided legal advisory services to Rubicon Partners. |
| CIL | Commercial Advisor | Company | CIL offered commercial advisory services for the acquisition. |
| Clearwater International | Debt Advisor | Company | Clearwater International advised on debt matters. |
| AON | Insurance and Cyber Advisor | Company | AON provided advice on insurance and cyber aspects. |
| Waterman Group | ESG and Health and Safety Advisor | Company | Advised on environmental, social, governance, and health & safety matters. |
| Investec Direct Lending | Sole Lender | Company | Provided senior debt facilities for the acquisition. |