Pims Group

Deal Summary

Catalyst advised the shareholders of Pims Group (Pims), including Gresham Private Equity, on their sale to a secondary management buy-out funded by Inflexion Private Equity Partners.

Established in 1972 Pims has operations in Stoke-on-Trent and Farnborough and provides domestic and commercial sewage and rainwater pump systems and services throughout the UK to a wide range of clients including Tesco, Persimmon, Sainsburys and McAlpine.

What difference did we make?

When we were introduced to the shareholders the long term objectives of the management team and their private equity backer had started to diverge. The management team wanted to find a new funder to support a series of acquisitions to build the business as part of a new 3 to 5 year business plan, and whilst Gresham knew that the business could grow further they felt that they were better placed to realise their investment.

Our greatest challenge was ensuring confidentiality during the sale process. By running a short, focused process, we were able to bring in a new funder willing to support management’s growth strategy, whilst still allowing Gresham to keep a small minority stake and some interest in the future performance of the business.