Rigby Group confirms multi million acquisition of Bovey Castle


Rigby Group Plc has announced the acquisition of the luxury Bovey Castle hotel and estate on Dartmoor in Devon–taking its recent investment in South West luxury hotels to £30 million.

The family-owned business, founded by one of the UK’s most successful entrepreneurs Sir Peter Rigby, said the 275-acre estate, complete with 64 bedroom mansion hotel, 14 lodges and championship golf course, would become the flagship hotel within the Group’s growing Eden Hotel Collection.

The acquisition follows the recent announcement of a planned £13.5 million investment by Rigby Group in Salcombe, where it has acquired the Tides Reach Hotel and intends to create a brand new 50-bed luxury waterfront boutique hotel on the site, opening in 2016 and creating 100 jobs.

Rigby Group said it would invest £2 million immediately on improvements and renovations at Bovey Castle.

It already owns the Buckland Tout-Saints Hotel in Kingsbridge in South Devon, The Mount Somerset Hotel and Spa in Somerset and five other hotels across the Cotswolds and Midlands–nine hotels in all.

Mark Chambers, Managing Director of the Eden Hotel Collection, said: “The Bovey Castle has become a byword for true English luxury and we see tremendous potential to build on an exceptional brand in an exceptional location as we grow the Eden Hotel Collection into the South West’s leading luxury boutique hotel operator.

“This acquisition takes to nine the number of hotels in the group, offering around 300 rooms across a hand-picked portfolio of unique venues in fantastic surroundings”

The Bovey Castle deal and Tides Reach are the latest significant investments in the South West for Rigby Group and follows its acquisition last year of Exeter International Airport and British International Helicopters, which has a base in Newquay in Cornwall.

Steve Rigby, Chief Operating Officer for Rigby Group said: “The South West has quickly become a key part of Rigby Group and we see great opportunities across several of our business streams in the region, not least boutique hotels and aviation, and we are planning significant further investment to cement our position as leading providers in these areas.”


A successful year for SCC Group as growth accelerates with key services wins

  • SCC Group revenues up 9.5% to £1.74bn
  • EBITDA rises 93% due to record services wins and growing recurring revenues
  • SCC UK revenues top £751m (+13%) with a 27% increase in profitability
  • Major UK growth attributable to services across Datacentre and Cloud - up 69%
  • SCC growth set to continue with focus on achieving £50m EBITDA

(UK) SCC Group - part of the privately owned Rigby Group - has announced its full year financial results to March 2014 showing increased revenue growth of 9.5% compared to the same period last year to total revenues of £1.74bn.
During the same period, EBITDA grew by 93% to £32m and on a continuing basis, excluding disposals and acquisitions, EBITDA was £34.2m.

From a domestic perspective, SCC UK revenues grew by 13% to £751m and £17.1m of EBITDA, 27% higher than the previous year. SCC UK product sales rose by 13% in revenue and 7% in GP. SCC UK services business grew by 12% in revenue and 17% in GP.

UK Datacentre and Cloud revenues grew by 69%. This was supported by a large number of key wins. These included Gist, Aggregate Industries, BOC, IBM, Oxford Council, CAA and Highways Agency. Collectively, these wins delivered in excess of £50m of contract value and SCC enters the new financial year with a strong number of additional contracts that are in transition.

SCC’s Professional Services business benefited from the necessity of customers to migrate away from Windows XP. Key multi-million pound wins in the Professional Services practice included Eurostar, Aldermore Bank, BOC, United Utilities, and Babcock.

The Managed Services business also secured many new customer wins and renewals, many of which went live in H2 and positioned the business for further growth. Key multiyear, multimillion pound annuity service wins or renewals included Mitie, CMS Cameron McKenna, BOC, TUI, Konica Minolta, Volac, National Trust, CSC, Messier Dowty, Price Forbes, Nissan and British Airways.

James Rigby, SCC’s CEO said “I am delighted by this year’s results. Following the sale of SDG in late 2012, these results show our renewed focus on SCC following detailed strategic review and put us firmly on the road to our interim financial goal of £50m EBITDA.

“The services wins secured represent our best achievements and we are grateful for customers entrusting in our vision and approach to the market. I am particularity pleased with our outstanding growth in Cloud services. Looking to the next fiscal year and on the back of our best ever year of services wins, SCC is positioned strongly to continue its evolution through on-going organic investment and acquisitive growth.”

SCC France enjoyed further revenue growth of 5% to £846m and its best year of EBITDA at £15m. The business secured numerous key government and private sector contracts and enters FY15 with a clear strategy to drive the services business to £150m in the coming years.

Despite SCC Spain witnessing a 5% decline in revenue to £40m, margins increased and the business delivered an improved EBITDA of £0.5m. The team remained focused on their transition to a services led business.

SCC Romania saw revenues increase by 72% and the business delivered EBITDA of £0.6m. During the year, headcount increased to 600 at the facilities in Iasi and Bacau. During FY15, it is expected to grow to more than 900 people in Romania.

SCC successfully completed the acquisition of M2 managed print services in February 2014. It is anticipated this business will grow to £50m and 30,000 managed devices by the end of 2015, positioning SCC as the leading independent managed print provider.

During the last fiscal SCC secured a number of global awards from several vendor partners, including HP and Oracle.


Family-owned Rigby Group ranked as one of the UK’s leading Private Businesses


Rigby Group Plc, the parent company for a portfolio of privately owned and highly successful businesses, has been named as one of the UK’s top 20 businesses in the prestigious Sunday Times Top Track 100 list.

The full list was published on Sunday and Rigby Group plc-which was founded by Sir Peter Rigby and is run with his two sons Steve and James-was placed at number 19.

Sir Peter Rigby, commented:

“We are delighted to receive this recognition as it is further testament to the enormous amount of hard work and dedication which has been put in to grow our portfolio of businesses. We have made enormous strategic strides in the past few years through our investment and acquisition decisions and accolades like this show people are noticing that we are succeeding in executing our stated business goals. We intend to keep growing through further investment and look forward to more future success such as inclusion in these sought after rankings.”

Rigby Group Plc has been intensely active in the M&A market over the past 18 months and the recent acquisition of Norwich International Airport represented its 10th major transaction and its fifth in 2014 alone.

The inclusion in the Sunday Times list builds on the award for Family Business of the Year at the 2013 Private Business Awards

sponsored by HSBC.


Rigby Group Sells Dutch-arm of SCC to US-based Systemax


Rigby Group (RG) plc has agreed to the sale of the Dutch division of its technology business SCC to North American based Systemax (NYSE: SYX). The transaction is subject to regulatory approval and is due to complete in May 2014.

The family owned and operated Group, which is focused in six core areas: technology, airports, hotels, real estate, finance and aviation, is selling its Utrecht-based operations which it acquired in 2000.

The sale to Systemax-a Fortune 1000 company and leading reseller of product and services-is part of SCC’s strategy to focus on its core markets of the UK, France, Spain and Romania while continuing to re-position as a services-led technology company.

James Rigby, SCC CEO, said: “The sale of our Dutch SCC division follows our strategy which has seen us successfully focus on strengthening and expanding our offering across our key countries. As a business, we have moved to a services-ledsales and delivery model and this has proved a very successful transition in our core countries

“We expect this year to be a record in terms of revenue with double digit growth anticipated. This has been driven by some notable contract wins.”

The sale is the second transaction for SCC in 2014 following on from the acquisition earlier this year of M2 Digital, the UK’s leading independent managed print services company. This transaction is Rigby Group’s 3rd M&A deal in 2014.

Steve Rigby, Rigby Group COO, commented: “Following the sale of our distribution interests in 2012, the Dutch business was sub scale for SCC’s stated objective of being a market leading in its core geographies. This sale allows SCC to focus on its core markets and this will be further demonstrated with strategic and niche acquisitions during 2014.”


SCC accelerates strategic growth with acquisition of print services firm M2


SCC has strengthened its print services division with the acquisition of M2 Digital Limited, the UK’s leading independent managed print services business.

This key acquisition will see M2–one of only five nationwide independents in a rapidly growing UK sector–merge with SCC’s existing print services operation, enhancing the company’s specialist capabilities in that area and underlining its determination to increase market share through a blend of organic growth and acquisition.

Representing an early landmark in the company’s strategic plan to significantly expand and strengthen its service division, the investment will see M2’s strong recurring revenues and 180 skilled staff join the SCC brand with immediate effect although the business will remain an independent division.

"With ample capital resources available and revenues increasing across the business it is no secret that we are proactively seeking service-led acquisitions to supplement the company’s existing capabilities. I am delighted to announce the completion of the M2 deal, which I anticipate will be the first of many as SCC continues its strategic evolution," said Chief Executive James Rigby.

"Whilst SCC has invested several million pounds in its UK data centres, technical infrastructure and Cloud capabilities, M2 brings a best-of-breed reputation and an expanding operation to a managed service proposition that now embraces everything from hosting and virtualisation to print for public and private sector businesses."

Founded in 1992, M2 is a prominent independent nationwide managed print services player in a sector growing at around c15% pa. Recognised by leading MPS consultancies Photizo and Quocirca as a market leader with inclusion in Photizo Global Leaders Index, the company serves multiple FTSE organisations.

M2 has developed its own market-leading fully integrated service and supply-chain management platform, M2 Intelligence, which provides customers with real-time control over their entire print services.


£12 million luxury hotel investment to create 100 jobs


Rigby Group Plc has announced a £12 million investment in a new luxury hotel at Salcombe in South Devon that is expected to create 100 jobs.

The family-owned business, founded by one of the UK’s most successful entrepreneurs Sir Peter Rigby, has acquired the 35-bedroom Tides Reach Hotel in South Sands from the Edwards family, who have owned it for 47 years.

Rigby Group intends to redevelop the site to create a luxury waterfront boutique hotel under its award-winning Eden Hotel Collection portfolio, which already includes the Buckland Tout-Saints Hotel in nearby Kingsbridge and six other hotels across the SouthWest and Midlands.

The new 50-bed hotel, complete with spa and an extensive terrace with sea views, will offer luxurious waterfront acommidation with high quality and contemporary dining with seasonal ingredients sourced from local suppliers.

Rigby Group has appointed Torquay-based architects Kay Elliot, who specialise i naward-winning waterfront regeneration, hotel and spa projects, to design the new hotel.

A public exhibition is being planned for the spring, with a planning application expected to be submitted by the summer and if approved the new hotel would be open in time for the summer 2016 season.

Mark Chambers, Managing Director of the Eden Hotel Collection, said: “Our ambition is to grow our EdenHotel Collection into the largest boutique hotel portfolio in the South West and Tides Reach will be a perfect fit with our philosophy of offering guests an outstanding visitor experience in stunning locations. We are committed to working with local business, suppliers and people and look forward to being part of the community in Salcombe.

Steve Rigby, Chief Operating Officer for Rigby Group added: "We believe this will be the first boutique hotel new build in the region for some years and we are committed to growing our portfolio of investments in the South West where we see considerable opportunities and synergies with our aviation business in growing the visitor economy."

Last year Rigby Group, which has 6,000 staff and a turnover of £1.75 billion, acquired Exeter Airport as part of its drive to diversify from a principally technology-led business to a portfolio spanning technology, aviation, hotels, property and investments.

The group, which is one of the largest family-owned businesses in the UK and was named Family Business of the Yearin 2013, also owns British International Helicopters, which has a base in Newquay and supplies helicopter support for the Ministry of Defence in the Plymouth sea training areas.

In 2012 Rigby Group disposed of its technology distribution business resulting in a strong cash balance that puts the business in an excellent position to maintain further investment across its portfolio.


Rigby Group acquired British International Helicopters


Patriot Aerospace has acquired the interests of British International Helicopter Services (BIH), making the aviation group the UK’s largest domestically owned helicopter operator.

The deal will see Sir Peter Rigby’s aviation company take over BIH’s military support contracts in the UK and overseas. Representing a significant move towards realising the group’s plan to create a leading British commercial helicopter presence in the international aviation market, the agreement makes Patriot the only UK owned operator in the offshore helicopter sector.

Launched in 1986, BIH is a well-regarded operator of medium and large helicopters with particular emphasis on offshore operations and in the defence sector. For more than a decade the company has operated the Flag Officer Sea Training (FOST) helicopter support programme to provide services to the Royal Navy through HMS Raleigh and the sea training areas it manages.

A second contract provides the Ministry of Defence with helicopter services in support of British forces in the Falklands and provides the helicopter lift capability for troops and materials around the South Atlantic islands. Other commercial helicopter activities are undertaken on an ad hoc basis.

The combined businesses operate a fleet of 25 helicopters and employ over 100 personnel. Following the acquisition the BIH operations will become an integrated part of the Patriot group and form the basis of further growth and development focused particularly on the commercial aviation field.

"The acquisition of BIH provides Patriot with substantial experience and expertise in offshore helicopter operations and in providing support to the defence and military sectors. These capabilities extend and enhance the group’s existing in-house engineering and training services, and will enable us to compete even more effectively for opportunities in the expanding UK and international aviation markets," said Paul Southall, Group Finance Director, at Patriot Aerospace.


Rigby Group adds key acquisition to technology division


Rigby Group (RG) plc, the parent company for a portfolio of privately owned businesses operating across Europe, the Middle East and North Africa, has completed the acquisition of M2 Digital Limited-the UK’s leading independent managed print services company–through its technology brand, SCC.

The Group, which is focused on five core areas: technology, aviation, hotels, property and investments, has acquired the business from private equity group ECI Partners LLP.

M2 Digital and its 180 employees will merge with immediate effect into Rigby Group’s SCC business although it will retain its standalone brand for the foreseeable future.

The acquisition represents an early landmark in the SCC strategic plan to significantly expand and strengthen its service division.

Stephen Rigby, Rigby Group COO, commented:

"We have very been very transparent in our desire to grow our group of businesses through acquisition and with a strong cash balance, we are in a very good position to do this. This deal is a perfect example of how we will look to add additional strength and capability to our core divisions.

"We anticipate further acquisitions to be completed in the near future as we continue our strategy of growth through further investment."

Senior management and investors at M2 welcomed the move, which will enable the company to pursue an ambitious growth strategy moving forward.

John Hayhurst, a partner with ECI Partners LLP, commented:

"We are pleased to have sold M2 to Rigby Group Plc. Stephen Rigby and his team were a pleasure to deal with. They delivered on their commitment to buy M2 quickly and efficiently and without business disruption and they delivered on their word.

"I am delighted that M2 is joining a business which shares its values of integrity, honesty and client service and which additionally shares its growth ambitions."

David Mitchell, M2 Chairman, added:

"The board and ECI are delighted with this outcome, I am confident that SCC is the right home for M2. We wish CEO John Taylor and all at M2 best of luck and success for the future."

Rigby Group and SCC were advised on the acquisition of M2 Digital Limited by accountants PwC Birmingham and lawyers Wragge and Co. Squire Sanders provided legal counsel for ECI Partners, who were also assisted with tax advice by PwC Manchester.


Survey names Rigby Group’s SCC as second largest UK channel player


Rigby Group technology firm SCC has been ranked second in a prestigious listing of the UK's 100 biggest channel players.

Compiled by leading technology sector publication CRN, the third annual rundown of the sector’s most important companies highlighted a pivotal year in which SCC not only strengthened its position at the top of the reseller channel, but also enjoyed continued success with its its pan-European operations.

Widely regarded as the definitive league table of the British industry, the CRN Top VARs 2013 survey recognised year-on-year growth that saw SCC’s turnover reach £665.3 million in FY13, with a number of large managed service contract wins and a growing client base that now includes Marie Curie Cancer Care, Wales & West Utilities, Konika Minolta and GIST.

The report also recognised the company’s achievement in becoming the first UK player to receive pan-Government accreditation for its Secure Multi-Tenanted Cloud service (SMTC), which helped secure a landmark £3 million services contract with Mersey Care NHS Trust.

SCC Chief Executive James Rigby said: “We’re gratified that what has been a very good year for SCC has been recognised in this manner. In addition to signing an unprecedented number of major service contracts, we also won the Oracle Excellence Award for Specialized Partner of the Year–Global, EMEA and UK in Systems and Storage.

"With the continued deployment of Cloud computing remaining the channel's major focus for 2014, we will continue to concentrate on this and other high margin segments of the technology industry including Storage, Intelligent Networks, Virtualisation and Data Centre technologies."


SCC wins prestigious Oracle Award


SCC is celebrating after winning a top industry award.

Europe's largest independent technology solutions brand picked up the prize for Server and Storage Specialised Partner of the Year 2013 at the Oracle UK Specialised Partner Awards ceremony held at the London Waldorf Hilton Hotel. Competition for the award was tough, with SCC up against five other companies: BT Engage IT, Computacenter, Esteem and Fujitsu.

The award recognises the tenacity, energy and investment the SCC team has shown during difficult marketing conditions, particularly within the challenges of Oracle acquiring Sun Microsystems, Xsigo and Pillar Data.

James Gallagher, SCC Oracle Alliance Manager said: "This is a wonderful achievement for everyone involved with the Oracle business. The excellent portfolio of Oracle’s hardware and software together with SCC’s 'plan, design, implement and manage' service capability, means we can offer our customers best of breed technology solutions.

"We are very serious and committed to our partnership with Oracle, to delivering enterprise class IT solutions. The team has worked very hard and should be very proud that Oracle has recognised us in this way."

Dermot O’Kelly Oracle Senior Vice President for UK, Ireland, and Israel said: "SCC has enhanced its knowledge of the Oracle portfolio massively in the last 12 months by increasing their number of Oracle Specialisations at an exceptional rate.

"They work closely and collaboratively with Oracle, and take the necessary time to truly understand their customers’ business needs in many areas, but with a strong focus in server and storage systems.

"They have a dedicated Oracle sales desk of 12 qualified and specialised personnel, and have the highest resell volume of T4 servers of any UK partner. That is why the Specialised Partner of the Year for Server and Storage Systems is SCC."

The Oracle Specialised Partner Awards recognise partners for their commitment to delivering innovative, specialised solutions and services based on Oracle hardware and software.

The triumphant SCC Oracle team is James Gallagher – SCC Oracle Alliance Manager, Ben Viollet Oracle Alliance Manager, Brian Lavelle, Chris Barker, Chris Lawrence, Tracy Nugent and Ian Watkins.