Press releases | Private Equity & Financial Sponsors | 07 Mar 2016

Site Security and Property Services Specialist VPS acquires Evander Locks & Glazing

Overview

Private equity partner Helen Croke has advised Bridgepoint Development Capital and the selling shareholders on the sale of Evander Locks & Glazing to VPS, the vacant property, site security and property services specialists.

Evander is the UK’s leading nationwide emergency response glazing and locks business. It provides 24/7 response and fulfilment services to the insurance and commercial sectors as well as direct to consumers.

Co-owned by BDC and Lloyds Development Capital since 2011, Evander has undergone a significant growth in that period of time. The sale to VPS, which has a national network of 20 depots in the UK and operations across mainland Europe, will offer further substantial opportunities for future growth of the company as part of a larger platform.

The Travers Smith team was led by private equity partner Helen Croke, who was supported by associates David Wall, George Weavil and Ed Pike.

Travers Smith also advised BDC on their original acquisition in Evander.  

VPS was advised by PWC (financial) and Mishcon de Reya (legal).