Case study

Asset Solutions Group: Investment to create standalone business

Backing management to realise their ambitions to consolidate UK leadership and extend overseas.

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Sector
  • Retail & consumer
  • Support services

Asset Solutions Group is a major provider of specialist retail and financial support services.

Employees: 3500

Deal type
  • Carve out
Investment

£13m

Asset Solutions Group, previously OCS Asset Solutions, is a leading provider of supply chain management, stocktaking and merchandising services to the grocery and general retail sector, as well as vehicle and asset auditing to clients in finance and banking.

It trades as Retail & Asset Solutions and Vehicle & Asset Solutions in the UK and Retail & Vehicle Solutions in Ireland and its customers include big brands Sainsbury’s, Jack Wills, Tesco and Close Brothers.

As well as providing highly trained, on-site personnel for major outsourced stocktaking and merchandising assignments, the business has developed specialised expertise in RFID technology for stock accuracy and loss prevention as well as supply chain assurance services.

Bringing on board an experienced investor like LDC means we can now accelerate investment in our services and further unlock the potential we see across our business and the markets in which we operate, both in the UK and overseas.”
Lois Heywood, CEO
Asset Solutions Group

International expansion

A firm footing for the next step

In June 2018, Lois Heywood and her management team chose to partner with LDC and together we facilitated the carve out of the business from international facilities management services company, OCS Group Ltd.

The deal, which included a £13m investment from LDC, saw the firm’s six-strong management team co-invest for a significant stake.

Moving forward

The company is investing further in technology-enabled services, consolidating its position in the UK and reviewing expansion opportunities into several overseas markets where it sees significant growth potential.

We’re proud to be supporting the team on their growth journey.