May 2014

  • Client : TCL Holdings
  • Activity : Provides property related services - Landscap services and estate management
  • Sector : Business Services
  • Acquired by: Business Growth Fund
  • Transaction Type:

What our clients say

  • “This new investment and partnership is a very exciting opportunity for myself and our fantastic management team to both consolidate and nurture our existing long-term client relationships as well as attract and develop new clients. Many thanks to the Cavendish team who provided invaluable advice throughout the process and helped us achieve this great outcome for the...

    John Stevenson | CEO ACT Clean
  • The Cavendish team worked seamlessly with their international partners to find the right buyer and guide us through every step of the sale process. This is a great outcome for both the shareholders and ongoing management team. We would happily recommend Cavendish to other business...

    Ben Lane | Co-founder of ALC
  • “We have thoroughly enjoyed working with the Cavendish team. Caroline, Andrew and Eimear offered us unstinting support and valuable advice throughout the transaction. They were instrumental in helping us achieve this...

    Mark Rijkse | Shareholder and director of SMA
  • “Cavendish handled the transaction with elegance and efficiency. They were proactive, everything kept to time and we completed as planned, less than six weeks after agreeing the heads of...

    Rupert Morley | CEO of Sterling Relocation
  • “TM Capital and Cavendish worked seamlessly to evaluate the best possible alternatives for 2Touch and navigate the complexities of a cross-border corporate divestiture to deliver a successful outcome for all parties. We appreciate the senior level commitment from TM and Cavendish and their relentless dedication in completing this important...

    David Eisenberg | SVP Strategy and Corporate Development, Acxiom Corporation
  • “Thank you so much for the hard work you put into our sale. “We are delighted with the result both personally and for the company. We now have some work to do in maximising the benefits of the deal to both parties. Your support during the deal was excellent and helped us go through a process that was completely new to us. It seemed to go very smoothly and I know that much of that was due...

    Mike Shorthose|Chairman and Co-Founder – Helios
  • “Cavendish took the time to really understand our business enabling them to have a professional and well thought out approach to the deal. They assisted immensely with the due diligence process this being reflected in the depth of information needed at times along with the need to carefully manage the numerous requests for information. They provided the kind of support which in the process...

    Anthony French | IT & Finance Director, First City Care
  • “I was delighted with the service that Cavendish offered and their real attention to detail. The deal was not without its complexities and it was reassuring to have Paul and his team assisting me throughout the...

    Peter Bennett|Co-Founder of Timothy James
  • “Cavendish Corporate Finance has been integral to the establishment of the New College of the Humanities, providing both valuable advice and managing a successful fundraising process that has enabled us to have a stellar founding shareholding group that provides not just capital but also experienced investors who will help NCH succeed and...

    Charles Watson|Chairman of NCH

Cavendish Corporate Finance is delighted to have advised the shareholders of TCL Holdings on the £10.0 million investment received from Business Growth Fund (BGF) in return for a minority equity stake.

TCL was originally acquired via a BIMBO (buy-in / Management buy-out) in February 2007 through the support of Caledonia Investments plc. Since that time, TCL has evolved from a single site, Midlands based company to a national operator providing landscape services, estate management services and play services to housebuilders, property managers and corporate clients.

Through BGF’s investment and the debt funding package provided by Investec, Caledonia was able to completely exit its investment in TCL and provide the management team with sufficient growth capital to buy up smaller players in what is a fragmented market.

John Farrugia, Director at Cavendish, commented:

“TCL operates in an attractive niche of the property services market and its future growth is influenced by the market trends and performance of the housebuilding and commercial property sectors. TCL has created a recognisable branded service offering throughout the UK and is well placed to benefit from improved economic conditions and positive government housing policies and initiatives.”

Simon Cashmore, Managing Director at TCL, commented:

“TCL has performed extremely well over the last few years and is now ideally positioned to support increased demand from the UK property market.

Key Contacts

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