Houlihan Lokey Advises Halma

Houlihan Lokey is pleased to announce that Texecom, an operating subsidiary of Halma plc (LON:HLMA), has been acquired by LDC. The transaction closed on August 6, 2021.

Texecom is the U.K.’s leading branded supplier of digitally enabled intruder detection and mass notification systems for the commercial and residential markets. The company produces a complete range of electronic security solutions (hardware, software, and related services), including control panels, detectors, and access control systems, as well as audible and visual equipment that protects and informs millions of people around the world. Texecom’s product offering is complemented by a suite of digital solutions that allow end users and professional installers to remotely control, monitor, and maintain their systems, significantly reducing maintenance cost while enhancing system performance. Texecom employs approximately 365 individuals and operates two production facilities located in Manchester.

Halma plc is a global group of life-saving technology companies focused on building a safer, cleaner, and healthier future in three broad market areas: safety, environment, and health. It employs over 7,000 people in more than 20 countries, with major operations in the U.K., mainland Europe, the U.S., and the Asia-Pacific region. Halma is listed on the London Stock Exchange (LON:HLMA) and is a constituent of the FTSE 100 index.

LDC is a middle-market private equity firm established in 1981 and has supported over 650 management teams and invested more than £5.5 billion in transactions. LDC seeks to support ambitious management teams across every region and sector of the U.K. economy to build better businesses for the longer term. LDC serves as the private equity arm of Lloyds Banking Group.

Houlihan Lokey served as the exclusive sellside financial advisor to Texecom and Halma plc and assisted in initiating, structuring, and negotiating the transaction on their behalf. This deal exemplifies the continued success and global reach of Houlihan Lokey’s dedicated coverage of the security and safety and industrial technology sectors as well as its expertise in complex corporate carve-outs and transatlantic deal execution capabilities.