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New Deal


Announced

Completed

H2 completed the acquisition of FFX Group from Foresight VCT for £17m.

Financials

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Transaction Value£17m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Friendly

Cross Border

Completed

Private Equity

Single Bidder

Acquisition

power tools

Private

United Kingdom

Building Materials: Other

Synopsis

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H2 Equity Partners, an investment company, completed the acquisition of FFX Group, an independent supplier of power tools, fixings and building supplies, from Foresight VCT, an infrastructure and private equity investment manager, for £17m. “FFX has been a great success story for the Company and for our shareholders. We are delighted that Foresight has been able to make such a positive contribution to the growth of the business which has created over 125 new jobs, and we wish FFX every success for the future with H2,” John Gregory, Foresight VCT Chairman.

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