Eve Trakway is the UK’s leading provider of temporary access solutions ranging from roadways, walkways and barriers to the super fortress fence used at the Glastonbury Festival.

PPCF first became involved with Eve Trakway in 2006 when it was identified by its previous corporate owners as non-core. PPCF acted as lead advisor to the management team which successfully acquired the business via a competitive auction including several trade buyers.

The business is asset rich and strongly cash generative, which allowed PPCF to structure an innovative funding solution including funds from an asset-based lender and deferred consideration, backed by an investment-graded insurance policy.

The business went on to make a bolt-on acquisition in 2007 before the management shareholders decided to take on an equity partner in 2008.

PPCF acted as lead advisor during this process and introduced a small number of potential private equity players. Management decided to partner with LDC who acquired a minority stake in the company.

Following the LDC investment Eve has made two acquisitions, Vincehire and Anglia Traffic Management Group with PPCF advising on both transactions. The Vincehire acquisition has complemented Eve's existing business and Anglia has allowed the business to broaden its service offering into the traffic management sector.