- TFSG was formed in 2020 via the combination of Pryroguard and Fire Glass UK
- TFSG’s core geographies are the UK, Benelux, France and Spain
- The combined group has more than 1,500 employees and a has a turnover of over €300 million
Ergon Capital announced on Monday that it had purchased TFSG from Soho Square Capital and combined it with portfolio company svt. TFSG management has reinvested in the combined group as part of the deal.
The combined group has more than 1,500 employees and a turnover of over €300 million. Soho Square originally invested in TFSG in 2018. Under its ownership, TFSG’s revenue and EBITDA increased threefold, according to Soho.
Svt is a Seevetal, Germany-based manufacturer of modern fire protection products and systems for passive structural fire protection and industrial fire protection applications.
TFSG, headquartered in Haydock, England, is a fire safety group that provides specialist products and services to global construction and refurbishment markets. TFSG was formed in 2020 via the combination of Pyroguard and Fire Glass UK. The company operates across the UK, Benelux, France and Spain.
“We are committed to support svt’s ambitious international growth strategy in the long-term, build the leading player in passive fire protection and continue our partnership with the management team,” said Wolfgang de Limburg, managing partner of Ergon, and Nils Lüssem, partner at Ergon.
Ergon is a mid-market private equity investment firm with €2.5 billion in assets under management. It looks to make equity investments in companies with sustainable competitive positions in niche markets located in the Benelux, Germany, Spain, Italy and France. Its headquarters are in Luxembourg.
The seller, Soho, is a London-based private equity firm that invests between £15 million to £40 million in European and UK businesses.