Harvey Alexander has this week concluded a deal which reaffirms his business acumen in being able to identify and develop business and investment opportunities.
The sale of English Landscapes to Elysian Capital LLP which backed a management buy-out was led by English Landscapes’, Operations MD and Commercial Director and follows a major step change in the fortunes of the business under the guidance and leadership of Harvey Alexander
When English Landscapes was acquired by Harvey Alexander just two years ago, it was making a seven figure loss. However, by bolstering the management team and restructuring the organisation, loss quickly turned into profit and within just over a year the business was producing seven figure profit levels with forward order books of £150 m and a 50% increase in annual turnover.
It is an achievement of which Harvey is extremely proud. He commented: “The team did a fantastic job and well ahead of schedule. The company is now one of the UK’s leading independent providers of landscaping and horticultural services to the public and private sector, employing over 600 staff, with revenues of £45 million.
The sale of English Landscapes to Elysian Capital LLP is Elysian’s first deal in its specialist focus area of UK mid-market private equity. The deal was led by Ken Terry and Edward Brett on behalf of Elysian; while the management buy-out was led by Martin Hunt, Mark Oliver and Peter Holland. Elysian’s Non-Executive Director Chai Patel, who has substantial first hand experience of growing and developing business private equity, will join the board as Chairman.
Established in January 2008, Elysian specialises in investing in the mid-market in the UK with deal values of between £10m and £70m.
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