Harwood Capital Portfolio Company Curtis Gilmour Merges with LDC-backed Pelsis

Pamplona Capital Management Acquires Pelsis from LDC

August 5, 2021

Manufacturing

Pamplona Capital Management has acquired Pelsis, the Knaresborough-headquartered manufacturer and distributor of pest control products, from mid-market private equity firm LDC. Financial terms were not disclosed; Pelsis — which has grown to more than 600 employees and increased sales from €87m to €150m under LDC — will pursue further international expansion under Pamplona's ownership.

Norvestor Acquires Pelias and Terminix UK from Terminix to Form Northern European Pest Control Group

May 10, 2022

Environmental Services

Norvestor VIII has signed an agreement to acquire Pelias Norsk Skadedyrkontroll AS and Terminix UK Limited from Terminix Global Holdings, Inc. The assets are being divested as a condition of Terminix’s pending merger with Rentokil Initial plc; Norvestor will become the largest shareholder in the new Northern European pest control group alongside co-investor Svein Olav Stølen, management and key employees. Pelias is headquartered in Elverum, Norway (c. NOK 240m revenue and ~210 employees in 2021) and Terminix UK is headquartered in Gloucester, England (c. GBP 19m revenue and ~370 employees in 2021); the deal is expected to close in June 2022.

Pelsis Group Acquires Bird-B-Gone

May 5, 2021

Manufacturing

Pelsis Group, the LDC-backed global pest control specialist, has acquired Santa Ana, California-based Bird-B-Gone, a leading manufacturer of humane bird deterrents. Bird-B-Gone will operate as a wholly owned subsidiary and remain headquartered in Santa Ana, with its employees, customers and suppliers transferring to Pelsis Group; financial terms were not disclosed.

The Watermill Group Invests in Musser Lumber Company

May 14, 2024

Manufacturing

The Watermill Group has completed an investment in Musser Lumber Company and its operating subsidiary Musser Biomass and Wood Products, a Virginia-based producer of premium dried hardwood fiber and related converted products. The partnership will support Musser's growth and product development across markets including composite wood products, grilling and heating pellets, briquettes and animal bedding; debt for the transaction was provided by Energy Impact Partners' Credit Group with an operating line from Pinnacle Financial Partners.

LDC Takes Minority Stake in Plimsoll Productions

August 13, 2019

Media & Entertainment

LDC has invested a minority equity stake in Plimsoll Productions in a deal valuing the UK-based TV production company at around £80 million. The investment will support Plimsoll's growth plans — including further investment in natural history and documentary divisions, development of intellectual property, and expansion into the US and other global markets — while founder Grant Mansfield remains CEO.

Bregal Unternehmerkapital Acquires Majority Stake in GUS Group

July 14, 2020

Software

Funds advised by Bregal Unternehmerkapital have acquired a majority stake in Cologne-headquartered enterprise software provider GUS Group. Management and investor Elvaston will retain a minority share as Bregal supports GUS’ continued organic growth and buy‑and‑build strategy for its ERP, LIMS and CRM offerings to process-industry mid-market customers.