Transacciones

Liberty Corporate Finance is pleased to announce that it has advised the management team of HSL Compliance ("HSL"), a leading provider of environmental compliance services in the UK, on its investment by IK Partners ("IK") through their IK Small Cap III ("IK SC III") Fund.

The management team will also reinvest as part of the transaction. This follows HSL's successful six-year partnership with LDC, the private equity investor part of Lloyds Banking Group. LDC is reinvesting in HSL for a minority stake, alongside IK, the majority owner, to support the continued growth of the business. Financial terms of the transaction have not been disclosed, and completion is subject to customary regulatory approvals.

Headquartered in Herefordshire and founded in 1976, HSL is a leading UK environmental testing, inspection, certification, and compliance ("TICC") company, providing a wide range of services across water hygiene, water treatment, and other compliance activities. The company has extensive national coverage with 19 offices across the UK and Ireland, employing approximately 650 people who serve more than 370 customers across a variety of sectors, including Food and Beverage, Manufacturing, Facilities Management, Healthcare, and Education.

Since LDC’s investment in 2019, HSL has quadrupled pro-forma revenues to £77 million and doubled its headcount to 650 employees, establishing itself as a high-quality provider capable of meeting the needs of nationally and regionally complex estates requiring a full-service solution for water hygiene and treatment services, as well as fire and air compliance services. With LDC’s support and follow-on funding, HSL has successfully executed a robust M&A strategy, completing 11 bolt-on acquisitions and significantly expanding its UK coverage and client base.

In partnership with IK, HSL aims to lead the market in delivering solutions that protect its clients’ people, ensure compliance, and maintain safe environments. Drawing on its extensive experience in TICC platforms, IK will work closely with the HSL management team to accelerate growth both organically and through further consolidation of its target markets.