Alinda Capital Partners to Acquire Kelling Group from Elysian Capital LLP

Elysian Capital has agreed today to sell its investment in The Kelling Group to investment funds managed by Alinda Capital Partners (Alinda), along with company management. Terms of the transaction were not released. 

Kelling is a UK company which owns and leases specialty equipment supporting the maintenance and upgrade of rail, road, telecommunications, street lighting, electric transmission, and other critical infrastructure.  The company is headquartered in Normanton, West Yorkshire, with assets on-hire throughout Great Britain.  Kelling does business through two subsidiary divisions, Access Hire Nationwide (AHN), and Welfare Hire Nationwide (WHN).  AHN is the largest provider of vehicle-mounted access platforms (VMAPs) for hire in the UK and is a leading supplier of mobile welfare units and lighting units. More information about the company is available at kellinggroup.com.

“The Kelling Group has been an excellent investment for Elysian Capital and we wish John Wood and his team the very best in the next stage of their very impressive growth with their new partners, Alinda Capital Partners. Kelling have consistently delivered both for their shareholders and most importantly their customers and we feel confident that, under the ongoing stewardship of John Wood and his team, they will continue to do so,” said Ken Terry, Director of Kelling Group and Elysian CEO.

 “We are excited about Alinda’s investment,” said Kelling CEO John Wood.  “Alinda shares our vision to grow Kelling as a best-in-class equipment hire business, with specific focus on meeting the needs of critical UK infrastructure. We have enjoyed working with Elysian Capital and now look forward to delivering our forward growth strategy in partnership with Alinda”.

Alinda was advised by Pinsent Masons (legal). Elysian was advised by DC Advisory (corporate finance), Addleshaw Goddard (legal), CIL (Vendor Commercial) and KPMG (Vendor accounting).  Management was advised by Park Place (corporate finance) and DLA Piper (legal).