TR sold to VP Plc for A$24 million

April 2016

In April 2016, Advent concluded the 100% sale of TR Pty Ltd to VP Plc. VP Plc is a UK listed specialist rental business with operations in Europe, Singapore and Australia.

TR is the largest rental provider of test and measurement instruments in the southern hemisphere. Its specialised test equipment solutions encompass a wide range of industrial applications including data communications, thermal imaging and electrical power testing. The company employs more than 170 people and operates from 13 locations in Australia, New Zealand and Malaysia.

The business had revenues of A$33 million, and the transaction value was A$24 million, equating to 6.6x EBITA.

TR was the final investee in Advent IV, which has included successful investments such as AVCAL award winner SCADAGroup, Taverner Hotel Group and ACIL Australia.

Read More

28 September 2021 The following article is from the AVCJ September 2021 edition, profiling Advent Partners’ successful generational change and strategic repositioning. Written by Tim Burroughs. You can read the article on the AVCJ website here —————————————————————————————————– GP Profile: Advent Partners…

18 August 2021 Digital signage software company, Mandoe today announced it has launched a self-service digital signage platform to help businesses harness the power of digital signage. After nearly a decade of powering digital signage for large businesses like David…

11 August 2021 Advent Partners is pleased to announce that the Advent Partners 2 Fund has invested in Zero Latency VR, the global leader in the multi-player, Free Roam Virtual Reality (‘FRVR’) space. The Business is widely regarded as the…

11 June 2021 Brad Lynch was recently a guest on a podcast hosted by John Keeves, of the BLS Report, exploring the Environmental, Social and Governance factors (ESG's), how they affect investment decisions and how ESG factors are becoming increasingly…

June 2021   Flintfox International, a New Zealand-based provider of revenue management software, is keen to make acquisitions under its majority owner, Australian private equity firm Advent Partners, according to the company’s executives and Advent’s lead partners on the investment.…

29 June 2021 Compass Education, the Advent Partners-backed Australian provider of school management software, is working on an acquisition to accelerate market entry into a new international market, said Robert Radcliffe-Smith, Managing Partner at Advent. Without disclosing in which new market…

  18 January 2021 Symon Vegter was recently hosted by Edward Michelsberg of Emu Search on their Leadership Revolution podcast series. They discuss Advent’s approach to investing and the importance of great founders combined with talent management to grow businesses.…

18 December 2020 Check out our December 2020 Newsletter for an update on our current portfolio, team news and other projects. Click here to download: Advent Newsletter December 2020

15 December 2020   We are pleased to announce the successful listing of SILK Laser Clinics on the ASX. This is a significant day in the history of the Company, and an amazing milestone. SILK was co-founded by CEO, Martin…

December 2020 Congratulations to SILK Laser for winning the Franchise Council of Australia’s 2020 Australian Emerging Franchisor of the Year Award. A well-deserved achievement, and a testament to the hard work that the team has put in, especially over the…