Hyndland Partners acted as exclusive sell-side advisor to the shareholders of Ancasta on its acquisition by Mad Capital, a boutique private capital group with operational expertise in the marine sector.

Ancasta is Europe’s largest yacht brokerage and services group, transacting over 350 vessels annually across 23 offices in the UK and Europe. Headquartered at Port Hamble Marina, Southampton, the Group employs more than 100 people directly and a further 40 across its franchise network. Ancasta holds exclusive UK dealerships for a number of the world’s leading marine brands, including Beneteau Sail and Power, Lagoon Catamarans, Prestige Yachts, Bluegame, McConaghy Boats, Protector Boats, and Contest Yachts. It also serves as the UK representative for Sanlorenzo, the renowned Italian superyacht manufacturer.

The Group’s operations extend beyond brokerage through three specialist subsidiaries – Ancasta Yacht Services, Advanced Rigging & Hydraulics, and Spencer Rigging – which together provide a fully integrated offering across refit, repair, engineering, and rigging.

Nicholas Griffith built the Ancasta into the market-leading platform it is today, establishing unrivalled brand partnerships, a pan-European footprint, and a reputation for client service, reflected in the loyalty of both its customers and its manufacturer relationships. The transaction represents the culmination of that long-term commitment to excellence and a recognition of the exceptional value created within the business.

Nicholas Griffith commented: “I am incredibly proud of what Ancasta has achieved over the past 25 years. Matthew is the right person to lead the business forward, and I look forward to supporting him in my new role as chairman.”

Mad Capital will support Ancasta’s next stage of growth, enabling the Group to extend its geographic reach, deepen its service capabilities, and strengthen the premium end of its new boat portfolio.

“Ancasta is a highly respected brand with a strong reputation across the marine industry,” said Matthew Shave, Mad Capital’s co-founder. “I am excited to take on this role and to work with the team to continue scaling the business, strengthening our partnerships with leading shipyards, and delivering high-quality, full-service solutions to our clients.”

Hyndland Partners managed a structured and competitive sale process, drawing on relationships across private equity and the marine industry. The process delivered a transaction recognising full value for shareholders while securing the right partner for the business and its people.

Nicholas Griffith commented on Hyndland’s role in the transaction: “Hyndland Partners brought a level of professionalism and personal commitment to this process that genuinely made a difference. They quickly grasped the Ancasta business and curated interest from buyers who shared our values and long-term ambitions for the Group. Their management of the process from creating the narrative, financial modelling and navigating deal structure gave me real confidence at every stage. The outcome reflects not just the quality of the business, but the quality of the advice we received.”

Hyndland Partners acted as exclusive financial advisor to Siddharth Balwani and the shareholders of PECOPP Pest Control Services Pvt. Ltd. (“PECOPP”) on its acquisition by Rentokil Initial plc (“Rentokil”).

Founded in 1970 by Chandru Balwani, PECOPP has grown over more than five decades into one of India’s largest independent pest control businesses. Under the stewardship of Siddharth Balwani since 2006, the business expanded to 10 branches across 5 states, employing approximately 200 people. PECOPP serves a broad and loyal customer base across residential and commercial markets, and has administered termite control to more than 35,000 buildings in Mumbai alone. More recently, the company developed Digital PECOPP, a proprietary technology platform integrating real-time monitoring, automated alerts, and data analytics to deliver more precise and efficient pest management at scale.

Rentokil’s acquisition accelerates its presence in India’s fast-growing pest control market and adds a business with deep brand equity, an experienced executive team, and proprietary technology. International revenue for the group now exceeds £1.9 billion, and global revenue exceeds £5 billion.

Rentokil had approached PECOPP directly on several occasions over the past decade. Our mandate was to ensure that any transaction was executed on terms that fully captured the business’s value. Hyndland Partners designed and led the process from the outset, advising on positioning, financials, and the structure of the negotiations, ensuring Siddharth and the shareholders engaged from a position of strength.

Siddharth Balwani commented: “PECOPP has been a family business at its core, and I have spent my career building it into what it is today. Choosing the right partner for its next chapter was a decision I approached with great care. Hyndland Partners understood that from the outset. They delivered a process that was both rigorous and competitive, while remaining thoughtful and aligned with what mattered most to us beyond the transaction itself. I am deeply appreciative of the quality of their advice and their commitment throughout.”

Hyndland Partners acted as exclusive buy-side advisor to Volaris Group, an operating group of Constellation Software Inc., on its acquisition of Alpine Testing Solutions Inc. (”Alpine”).

Founded in 1991 and based in Utah, Alpine is a leading provider of psychometric consulting and test security services for credentialing and licensure programs. It helps organizations build and protect high-quality assessment programs that are fair, reliable, and defensible. The company partners with certification bodies, professional associations, and credentialing organizations to design, develop, and secure high-stakes examinations, serving clients such as Microsoft, Google, Amazon, Cisco, ESRI, and Dell.

The transaction marks Volaris’ entry into the workforce management vertical, expanding its presence into the credentialing and professional certification ecosystem.

Hyndland Partners supported Volaris throughout the acquisition process. Leveraging our deep expertise in software and technology-enabled professional services, we identified Alpine as a uniquely positioned platform with a trusted brand, durable customer relationships, and an experienced management team well aligned with Volaris’ long-term ownership model.

Mike Borello, Group Leader at Volaris Group, commented “Alpine Testing Solutions Inc. has built a trusted reputation in professional certification, helping organizations worldwide uphold the integrity and value of their credentialing programs”. “We are proud to welcome Alpine into Volaris Group and to support their next chapter of growth with a permanent home and long-term commitment.”

Stephen Price, CEO of Alpine Testing Solutions, added “We are thrilled to join Volaris Group, a company known for its proven best practices, strong commitment to developing talent, and supporting the growth of its businesses”. “Volaris’ dedication to long-term success and its collaborative approach give us the confidence that our mission to strengthen credentialing programs and protect the value of certifications for professionals will be supported.”

Hyndland Partners served as the exclusive financial advisor to the shareholders of the Asteroid Mining Corporation (“AMC”), successfully securing a growth equity investment.

Founded in 2016, the Asteroid Mining Corporation (“AMC”) is an industrial robotics and space resources company. In partnership with Japan’s Tohoku University, AMC has developed a modular robotic explorer with payload deliverability and extraction capabilities in extreme environments.

This investment has fuelled the development of AMC’s terrestrial robots, which are now disrupting autonomous inspection markets in the maritime and O&G verticals. Revenue generated from these applications is supporting AMC’s core vision – to extract precious metals from near-Earth asteroids.

Since the investment, AMC has landed partnerships with Japan’s ispace, Inc. (a publicly listed lunar exploration company), Creative Destruction Lab and Plug and Play Japan to advance longer-term ambitions.

Hyndland Partners acted as financial advisor to the Daxtra Group (“Daxtra”), a leading provider of AI-enriched talent acquisition software, in securing a majority growth investment from Strattam Capital (“Strattam”).

Daxtra, founded in 2002 by Andrei Mikheev and Steven Finch, has pioneered AI-driven software for the talent acquisition ecosystem. Its technology is mission-critical to over 2,500 clients that recruit on a global scale. Last year alone, Daxtra processed over 1 billion resumes across 40 languages. It supports customers globally via offices in Europe, North America, and Asia-Pacific.

Strattam has more than $1bn in assets under management, and most recently announced a third fund of $308 million. It typically makes majority growth investments in companies with up to $100m in enterprise value. This flagship investment in Daxtra underscores Strattam’s commitment to supporting high-growth, innovative companies. Furthermore, its track record in HR and recruitment technology positions Daxtra to capitalise on growing demand in North America.

Andrei Mikheev commented, “The investment by Strattam will allow us to accelerate growth in North America, while continuing to provide the superior customer service and great products that our customers expect.”

Jonathan Busch, Principal at Strattam Capital, added, “We’re excited to partner with Andrei and Steve to help bring their differentiated products to the wider world. Strattam’s mission is to work with great founders who have built great businesses, and the Daxtra team has proven again and again over their 20 years that advanced AI technologies can be harnessed effectively and safely to solve real world problems.”

Hyndland Partners’ was recently appointed by an acquisitive North American software group to advise on the deployment of $125m before 2024.

We are targeting acquisitions of B2B software or technology-enabled businesses with the following characteristics

• Based in the UK or EEA
• >$750,000 in TTM EBITDA
• Over 60% of revenue must be recurring
• Profitable, or a clear path to profitability within one year

Hyndland Partners served as sell-side advisor to the shareholders of Greensleeves in their acquisition by US-based Neighborly, the multi-brand home service franchisor backed by KKR.

Greensleeves is a highly successful and fast-growing lawn service business. It was established in 1998 to provide customers with an all-year-round lawn treatment service, and now looks after more than 100,000 lawns across the UK.

David Truby joined Greensleeves in 2004, and through a series of MBOs became the majority shareholder in the business alongside his wife Laura Truby. David helped to grow the business from just two locations to over 100 franchise territories across the UK.

Neighborly is the world’s largest home services company. It owns a portfolio of over 30 home service brands across multiple sectors. This includes trusted brands such as Mr. Rooter, Drain Doctor and Pimlico. It has over 5,000 franchisees in six countries around the world.

David Truby offered the below comment on the representation provided by Hyndland Partners:

“Hyndland Partners provided exceptional service throughout the transaction. What really stood out was the management and orchestration of the bidding process, which resulted in multiple interested parties competing for the business. This helped to significantly raise the prices being offered, and gave us confidence that the true value of the business was being realised.

I was impressed by Hyndland Partners’ ability to swiftly understand the Greensleeves business, and to predict what would happen at each stage of the process. The strength of Hyndland Partners’ relationships were also extremely helpful, as well as their focus on the best outcome for employees and customers. They worked round the clock to get the deal done, and were always available to answer questions and offer advice. Their expertise in M&A and deal structuring really shone through, and we felt guided and supported at each step along the way. Their hands-on approach made a significant difference to ensuring the deal unfolded as envisaged.”