M&A Deal Summary

Bestinvest Acquires Towry Holdings

On April 4, 2016, Bestinvest acquired financial services company Towry Holdings from Palamon Capital Partners and Quilvest Capital Partners for 600M GBP

Acquisition Highlights
  • This is Bestinvest’s 3rd transaction in the Financial Services sector.
  • This is Bestinvest’s 0th largest (disclosed) transaction.
  • This is Bestinvest’s 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2016-04-04
Target Towry Holdings
Sector Financial Services
Buyer(s) Bestinvest
Sellers(s) Palamon Capital Partners
Quilvest Capital Partners
Deal Type Add-on Acquisition
Deal Value 600M GBP

Target

Towry Holdings

Bracknell, United Kingdom
website
Towry Holdings Ltd. is a provider of a wealth management services model which combined fee-for-service advice with discretionary asset management capability. Towry Holdings was established in 1968 and is based in Bracknell, United Kingdom.

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Buyer(S) 1

Buyer

Bestinvest

London, United Kingdom

website


Category Company
Sector Financial Services
DESCRIPTION

Bestinvest provides impartial investment advice, discretionary wealth management and financial planning to mass-affluent and high net worth individuals. Bestinvest is based in London, England.


DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 3 of 3
Type (Add-on Acquisition) 3 of 3
Country (United Kingdom) 3 of 3
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-15 Ingenious Asset Management

London, United Kingdom

Ingenious Asset Management is a London based discretionary investment manager which services high net worth and ultra-high net worth clients and offers investment services to financial advisers.

Buy -

Seller(S) 2

SELLER

Palamon Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 1.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Palamon Capital Partners LP is a private equity firm that targets investments in high-growth service-oriented businesses throughout Europe. Palamon specifically looks for companies operating in business services, financial services, media and communications, leisure and entertainment, information technology, and healthcare. The Firm's target investment size is €30 to €100 million. Funds are generally used to support development needs, however, Palamon will also consider investing in early-stage businesses, recapitalizations, deleveraging transactions, turnarounds, and buyouts. Palamon Capital Partners LP was formed in 1999 and is based in London.


DEAL STATS #
Overall 22 of 29
Sector (Financial Services) 3 of 4
Type (Add-on Acquisition) 11 of 13
Country (United Kingdom) 9 of 11
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-09 The Rug Company

London, United Kingdom

The Rug Company is a designer and producer of handmade luxury contemporary rugs with an established international sales presence through 10 own showrooms and a number of franchisees and concessions worldwide. Rug was established in 1997 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-04 VENI Energy Group

Drammen, Norway

VENI Energy Group is a supplier of corporate energy services. VENI Energy Group provides a range of services aimed at reducing energy costs for the SME sector as well as large corporate and public authorities. VENI Energy Group was founded in 1995 and is based in Drammen, Norway.

Sell Nkr750M
SELLER

Quilvest Capital Partners

Paris, France

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1972
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Quilvest Capital Partners is the private equity investment arm of asset management firm Quilvest. Quilvest Capital Partners invests in private equity and debt funds as well as makes direct investments. The direct investment group looks for opportunities in the US, Europe, and 'opportunistically' in Asia with a preference for buyout, growth capital, and venture transactions. Quilvest Capital Partners will consider both minority and majority positions. Quilvest Capital Partners was established in 1972 and is based Paris.


DEAL STATS #
Overall 42 of 68
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 14 of 27
Country (United Kingdom) 5 of 5
Year (2016) 1 of 5
Size (of disclosed) 6 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-08 Sogetrel

Issy-les-Moulineaux, France

Sogetrel is a provider of communication network services, with turnkey solutions for the deployment, connection and commissioning of customers telecommunication networks. Sogetrel was founded in 1985 and is based in Issy-les-Moulineaux, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-05 MultiPlan

New York, New York, United States

MultiPlan is a provider of technology-enabled healthcare cost management solutions. The company provides a single gateway to a host of analytics- and network-based solutions for managing the financial risks associated with medical claims, as well as solutions that improve payment integrity by resolving waste, abuse and fraud before payments are made. MultiPlan was founded in 1980 and is based in New York city.

Sell -