Park Place Corporate Finance

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The Evander Group

£11m Management Buy-Out

The Evander Group

The Evander Group was formed through the £11 million MBO of the Emergency Services Division of Homeserve plc. The Group consists of three businesses – Glass & Locks, an emergency services response provider of glazing and locks; Chem-Dry a disaster restoration company for water damage, accidental damage, fire and flood; and Content Services, a validation and replacement product search software solution for content claims. The businesses have a significant share of the supply chain work for the top UK insurers.

The acquisition was wholly funded by LDC. PPCF acted as advisor to the management team having established a relationship with them when selling Chem-Dry to Homeserve plc.

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