investments


Templine

Blue-collar labour staffing business

October 2007

£4.3 million investment

Exited in December 2018

www.siamogroup.com

“When I was seeking investment to buy out Templine, money was only part of the deal - I also needed support and advice from somebody with the sector expertise to take the business to the next level. For me, KCP stood head and shoulders above the rest.”

Tony Bucciero, CEO | Templine

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KCP invested £4.3 million, backing the Managing Director Tony Bucciero to buy-out the two founders who were no longer active in the business.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