The business...

Templine is a major supplier of blue-collar labour covering warehouse staff, forklift truck operatives, machine supervisors, general labour and drivers – including Class 1s. It has a national footprint, operating from 30 sites – some being on-site solutions in addition to its traditional high street operations.

The deal...

KCP invested £4.3 million, backing the Managing Director Tony Bucciero to buy-out the two founders who were no longer active in the business.

KCP value-add...

During our investment we:

• Led and structured the transaction, including raising debt to partially fund the deal
• Recruited a Chairman and a Financial Director, both with strong industry backgrounds
• Supported a buy and build strategy that saw the Company acquire nine smaller complimentary businesses
• Supported the successful move into training provision through acquisition

Exit...

KCP exited its investment by means of a secondary management buy-out in December 2018.

Key highlights...

• Significant increase in turnover from £16 million to £120 million during KCP’s investment
• Staff numbers increased considerably as a result of the growth, with over 3,000 additional employees joining the team during our period of involvement