US private equity firm Resilience Capital Partners’ UK print specialist DG3 Group (Holdings) Limited is merging its offset print operations with London-based Leycol Printers Limited.
As part of the transaction, Leycol Printers is merging into DG3 (Diversified Global Graphics Group), a Resilience Capital Partners portfolio company and global provider of digital and print marketing document management services and compliance solutions.
Founded in 1978, Leycol Printers is an independent provider of high-end offset and lithographic printing services to numerous clients in the financial and commercial print market. Gary Wilson, who privately owns Leycol Printers, will serve as Director in a client-focused capacity once the company becomes a division of DG3. Leycol Printers’ main operation in Bromley by Bow in East London is in close proximity to DG3’s own 149-person operation in London, one of the five operations centres the company maintains around the world in addition to its headquarters.
This acquisition is the ninth in the past year and the 15th transaction in the past two years by Resilience Capital Partners, which manages in excess of USD625 million. Funding for this investment will come from Resilience Fund IV, which closed in October 2015 with USD350 million in investable capital. Financial terms of the transaction are not being disclosed.
“Like DG3, Leycol Printers is a highly regarded digital and printing partner to some of the world’s most admired companies. With this merger, the company is well positioned to take advantage of the huge opportunity, specifically in the rapidly growing digital solutions market,” says Bassem Mansour, co-CEO of Resilience Capital Partners.
Steven H Rosen, co-CEO of Resilience Capital Partners, says: “The complementary strengths that DG3 and Leycol Printers bring to their new relationship will increase their competitiveness, diversify their markets and strategically position them as digital printing processes become an increasingly important part of the landscape. There is tremendous upside in this market for a company with the reputation and capabilities that DG3 and Leycol Printers bring.”
“Partnering with a worldwide leader such as DG3 is a great opportunity for our clients,” says Gary Wilson, currently the Managing Director at Leycol Printers. “The combined business will position DG3 as one of the UK’s largest financial, commercial and fine art printing companies. Together, as a one-stop shop offering digital print, mailing and cross-media capabilities, we will be able to continue meeting our clients’ existing requirements and, at the same time, offer them an extensive range of new digital products and services.”
