Investment Summary

Graphite Capital Invests In Cannons Group

On March 1, 1992, private equity firm Graphite Capital invested in consumer services company Cannons Group

Investment Highlights
  • This is Graphite Capital’s 2nd transaction in the Consumer Services sector.
  • This is Graphite Capital’s 7th transaction in the United Kingdom.
Investment Fate
  • Cannons Group was sold to a strategic buyer in 2007.

Investment Summary

Date 1992-03-01
Target Cannons Group
Sector Consumer Services
Investor(s) Graphite Capital
Deal Type PIPE

Target

Cannons Group

New Malden, United Kingdom
Cannons(formerly Vardon plc)is one of the leading health and fitness operators in the UK whose current portfolio includes 52 Cannons Health Clubs in the UK and the management of 14 public leisure facilities, 10 of which offer Courtney?s Fitness Centres. Through its different brands, Cannons provides health and fitness services to over 165,000 members.

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Investor(S) 1

Investor

Graphite Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 1.2B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Graphite Capital is a private equity firm that seeks mid-market investments in the UK. Target sectors include retail and consumer, manufacturing, services and distribution, financial services, healthcare, leisure, and property. The Firm looks for transactions valued from £30 to £150 million. Prospective transaction situations typically include management buyouts/buy-ins of corporate spin-offs or privately held companies. The Firm also considers roll-outs and consolidation strategies. Graphite Capital was originally formed in 1981 and became independent in 2001. Graphite is based in London.


DEAL STATS #
Overall 7 of 82
Sector: Consumer Services M&A 2 of 7
Type: PIPE M&A Deals 1 of 1
Country: United Kingdom M&A 7 of 79
Year: 1992 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1992-01-01 Salt Union

Winsford Cheshire, United Kingdom

Salt Union are operators of the UK's biggest rock salt mine and Britain's largest supplier of natural rock salt which is used by winter maintenance professionals to thaw icy roads in wintry weather.

Buy £39M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1992-05-01 Sharelink

Staffordshire, United Kingdom

Sharelink was the largest and most successful execution-only share dealing operation in the UK.

Buy -