Livingstone is a longstanding leader in cross-border and domestic M&A and the Global Industrials Group provides strategic advice and seamless transaction execution to business owners, private equity investors and major corporates across Europe, North America and Asia.

Deep industry knowledge and penetration of global corporate acquirers, combined with a fundamental focus on long term relationship building, continues to make Livingstone the M&A adviser of choice to innovative manufacturing and engineering companies around the world.

Aerospace, Defence & Security

Livingstone has an excellent track record advising both large corporates and independent engineering and technology businesses serving the aerospace, defence and security markets across Europe and North America.  Recent clients and counter-parties include the likes of Babcock, Cobham, Ultra Electronics and QinetiQ.

Defence & Security remains a highly attractive investment market and the hotbed for the most innovative technologies and services.  With a dynamic global, local and virtual threat environment, several technology areas including secure communications and cyber security software and services are home to some of the most attractive and exciting businesses in the world and are seeing strong M&A activity

The global Aerospace market is currently very attractive with consistent growth in passenger demand, strong uptake in major new civil platforms from both Airbus and Boeing and the emergence of important new materials and manufacturing processes driving strong order books and consolidation within the supply chain. In the Aerospace market, Livingstone regularly advises on important transactions across the spectrum of engineering & manufacturing, supply chain & distribution and aviation consultancy, giving us a uniquely holistic view of this thriving market.

Automation, Controls & Electronics

Automation, Controls & Electronics
Sensors and controls are revolutionising a host of consumer and industrial sectors including portable technology, Automotive, Oil & Gas and Chemicals.  Those that provide new functionality for end users or which reduce operational or manufacturing costs and increase efficiency and productivity, while allowing for improvements in safety, waste and environmental impact management, have been at the centre of the significant recovery in UK manufacturing. The global market for sensors and control systems is now estimated to be worth c.$80bn and is growing at 10% per annum.

Livingstone has extensive experience within automation, controls & electronics from sensor systems for transport and industrial applications to integrated building management systems and power electronics.

Automotive

The global automotive market has seen a strong uplift in both direct investment and M&A volumes as recovery in traditional markets and sustained growth in emerging markets; the continued development of new systems, sensors & controls and engine programmes and the proliferation of platform variations, engineered-to-order and customer choice creates value opportunities.  The supply chain for the premium and luxury brands has performed particularly strongly over the last two years and Livingstone is highly active across both the manufacturing supply chain and the after-market for all platform types and in all our geographies.

Building Products

The Building Products sector is currently growing rapidly with several major development projects such as Crossrail, HS2 and the Dubai Gateway backed up by the solid return to growth in core house building. With an expanding population and ageing infrastructure this sector is critical to our economic growth and directly employs over 150,000 workers in the UK.  Improvements in planning legislation and support for first-time buyers represent a general improvement in government commitment to construction and the investment environment.

Construction, Building Products and related services are at the centre of Livingstone’s Industrials practice and our contact base and track record is market-leading.  Some of our largest transactions, include both the buy-out and subsequent sale of Polypipe and Etex’s acquisition of Lafarge Aggregates, as well as our remarkable record of highly successful smaller deals all come from a depth of knowledge of this market and a contact base unrivalled in the mid-market.

Chemicals

Chemicals is the UK’s largest single manufacturing sector, representing 1.3% of GDP.  The sector directly employs c.180,000 people in the UK and provides vital input to several other manufacturing sectors.   The Chemicals sector also supports other areas of the UK economy as it  invests significantly in continuous Research & Development and spends heavily on process plant and other capital equipment.  The Chemicals sector is currently benefitting from attractive R&D and other tax incentives and the UK is often regarded as an excellent business environment by international companies in the sector.

Livingstone has a long track record advising specialist manufacturers across the pharmaceuticals, fuels, household and personal care, paint & polymers and flavours and fragrancies sub-sectors on all aspects of M&A, capital raising and financing.

Engineered Products

Engineered Products is an area where UK manufacturers remain at the forefront globally, and are able to outperform competitors in low-cost labour environments. Britain still has some of the most talented engineers around, producing market-leading highly engineered products and providing solutions for customers. Components such as pumps, valves and seals are critical to maintaining processes across most industries, including oil and gas, mining, power generation, chemical processing and water treatment.

Livingstone has an extensive track record in the engineered products space, working with major corporates providing world leading products, capabilities and IP as well as private equity and the next generation of technical leaders across Europe, North America and Asia. Niche businesses with an innovative product offering and engineering approach make extremely attractive acquisition targets for both UK and overseas corporates.

Industrial Services

As industrial processes and technologies have become more complex, so the installation and maintenance of facilities has become an increasingly critical service. Ensuring that plants operate safely and efficiently minimises downtime and defects, keeping customers happy and protecting margins.

The desire to avoid substantial capital expenditures and maintain existing assets, as well as changing environmental legislation and other regulations, can also create attractive opportunities for rental and maintenance/retro-fit companies.

All these factors have resulted in an attractive environment for businesses operating in the industrial services sector. In addition, long-term contracts and recurring revenues provide a predictability of earnings that is attractive to both trade acquirers and private equity investors.

Print & Packaging

The UK Print & Packaging sector is a large and vibrant market, driven by continual innovation in service, formats, materials and manufacturing technologies.  This country is home to some of the world’s most innovative packaging companies and new developments in design, reprographics and digitally-enabled presses are delivering to customers major reductions in waste, enhanced quality and performance and a stream of entirely new formats. Within the print sector the UK is a service innovation leader and growth is being driven by integrating this critical activity with BPO, security applications and data services as well as delivering complete hybrid and cross-media solutions.

Livingstone Partners is one of the foremost advisers to the mid-market within the Print & Packaging sector and has connectivity with the world’s largest packaging companies unrivalled in this market.

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What our clients say

Paul Boulton, Company Secretary/General Counsel

“Livingstone were appointed based on a track record of advising on complex carve out transactions. Throughout the process they provided sound commercial advice and adopted a hands-on approach; we are delighted with what is an excellent outcome.”