Matthew Ord
Manchester-headquartered Palatine Private Equity has exited its investment in a £40m-turnover driver risk management and road safety training provider by selling its shareholding to the management team.
TTC Group provides a range of driver risk management, compliance and training services for corporate clients, including major vehicle leasing providers and fleet operators.
Through the acquisitions of both Business Driver in May 2019 and Licence Bureau in March 2020, the company s corporate division has grown from a handful of clients to working with more than 2,800 businesses across the UK.
It has also developed a proprietary technology platform, TTC Continuum.
Since investing in the Telford-headquartered company in July 2017, Palatine has overseen revenue growth from £27m to more than £40m through a major digitalisation programme and successful buy-and-build strategy.
by Stephen Chapman
Moneysupermarket has revealed plans to combine TravelSupermarket with Leeds-based Icelolly.com to create a standalone holiday comparison business.
The group stated that the move would enable “stronger and broader travel comparison services across both brands.”
The deal has been structured as a “cash-free exchange” with both TravelSupermarket and Icelolly entering the combined business on a cash and debt-free basis.
Moneysupermarket will own 62% of the combined entity and will also have board control. The remaining equity will be held by Palatine Private Equity, which is the owner of Icelolly, and the management team. The combination of TravelSupermarket and Icelolly.com will benefit customers of both brands with a richer and more diversified offer as the travel and holiday markets recover,” said Peter Duffy, CEO of Moneysupermarket Group.
Global Climate Change Consulting Market is estimated to account for US$ 8,653.7 Mn by end of 2028, Says Coherent Market Insights (CMI)
April 12, 2021 11:00 ET | Source: CMI CMI Pune, INDIA
SEATTLE, April 12, 2021 (GLOBE NEWSWIRE) Climate change is one of the most dangerous and pressing issues today, which has the potential to disrupt human life globally. Although there are some scientists who do not agree with this term, it is agreed by the majority of them that this phenomenon does occur and is being caused primarily by human activities.
Greenhouse gases are produced when you burn fossil fuels like petrol, coal, or natural gas for energy production, resulting in the emission of carbon dioxide. The process of carbon emission is believed to be the main cause behind global warming. A major result of this is a rise in the earth s temperature, which makes the planet feel warmer.
Adam Beech
A private equity-backed environmental services group has acquired a Lincoln-headquartered counterpart to create a 500-strong company with sites across the UK and annual revenues of about £50m.
Gateshead-headquartered Lucion Services, which secured investment from Palatine Private Equity to support a management buyout in 2019, has bought multi-disciplinary environmental consultancy Delta-Simons Environmental Consultants.
Delta-Simons has its head office in Lincoln, as well as bases in Birmingham, Bristol, Leeds, Manchester, Newcastle, Norwich, Nottingham, Dublin and London.
Lucion s regional offices are in Cardiff, Glasgow, Northern Ireland, North Wales, north and south Yorkshire, Cheshire, Leicestershire, Hertfordshire, Surrey and the Midlands.
The enlarged group has more than 500 employees, the majority of whom are field-based technical specialists.