XMS Capital Partners Serves as Financial Advisor to DCC PLC on on Acquisition of Kondor Limited
July 13, 2018
DUBLIN, IRELAND, July 13, 2018 — XMS Capital Partners, LLC (“XMS”), a global, independent financial services firm focused on providing M&A, corporate advisory and asset management services, announced that it served as financial advisor to DCC PLC on its acquisition of Kondor Limited from HIG Capital.
Kondor, based in the South of England, distributes audio and mobile accessory products to e-tailers, retailers and mobile operators in the UK and Continental Europe. It partners with mobile and accessory brand owners and has an extensive portfolio of own-brand products, complementing its third-party brands. Kondor also provides outsourced category management services, including category/brand management, marketing support, promotional display, brand support and advanced stock solutions, to the retail channel. Kondor generated revenue of £110 million in the year ended 31 December 2017 and employs approximately 250 people.
Donal Murphy, CEO of DCC PLC, stated: “The acquisition of Kondor further enhances both DCC Technology’s service proposition and its market position, where it has grown to be a leading service provider to the retail channel in Europe”
XMS Capital Partners acted as exclusive financial advisor to DCC PLC in connection with the purchase.
About XMS Capital Partners
XMS Capital Partners, established in 2006, is a global, independent financial services firm providing M&A, corporate advisory and asset management services to clients. It has offices in Chicago, London and Dublin.
XMS provides Involvement BankingTM, which goes beyond transaction oriented investment banking and focuses on delivering objective, value added advice and custom tailored solutions to help clients achieve their strategic goals. It consistently creates value for its clients by giving them access to comprehensive, independent M&A, strategic advisory, financial restructuring, capital structure advisory and private capital advisory expertise.
All XMS engagements are led by senior investment bankers who average over 25 years of industry experience. Importantly, the combination of their extensive experience, technical expertise and “client first” orientation has served as a solid foundation of the firm since its formation in 2006. XMS Capital Partners, LLC is a FINRA member and SIPC member. For more information, please visit www.xmscapital.com.
About DCC
DCC is a leading international sales, marketing and support services group with a clear focus on performance and growth. DCC operates through four divisions: LPG, Retail & Oil, Healthcare and Technology.