M&A Deal Summary

Palatine Private Equity Acquires John Charcol

On March 5, 2015, private equity firm Palatine Private Equity acquired financial services company John Charcol from Towergate Financial for 9M GBP

Acquisition Highlights
  • This is Palatine Private Equity’s 2nd transaction in the Financial Services sector.
  • This is Palatine Private Equity’s 7th largest (disclosed) transaction.
  • This is Palatine Private Equity’s 16th transaction in the United Kingdom.

M&A Deal Summary
Date 2015-03-05
Target John Charcol
Sector Financial Services
Buyer(s) Palatine Private Equity
Sellers(s) Towergate Financial
Deal Type Divestiture
Deal Value 9M GBP

Target

John Charcol

London, United Kingdom
website
John Charcol is an independent mortgage broker, advising its clients on residential and commercial property. John Charcol was established in 1974 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Palatine Private Equity

Manchester, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2005
PE ASSETS 570M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Palatine Private Equity is a UK based private equity firm focused on investing in businesses valued up to £50 million. The Firm generally looks to fund profitable, cash-generative companies with strong management teams and established market positions, however, Palatine will also consider turnaround situations. Target sectors include retail/leisure, business outsourcing, financial services, healthcare, and niche manufacturing. Prospective transaction types include management buyouts/buy-ins, consolidations, growth capital financings, and restructurings. Palatine was originally formed as Zeus Private Equity in 2005. The Firm has offices in Bristol, Manchester, and London.

DEAL STATS #
Overall 16 of 50
Sector (Financial Services) 2 of 4
Type (Divestiture) 1 of 2
Country (United Kingdom) 16 of 50
Year (2015) 1 of 5
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-08 Character World

Cheadle Hulme, United Kingdom

Character World works with character, gaming, and music entertainment companies, providing licensed bedding and associated homeware products for a wide range of children’s age groups from preschool up to students. Character World was established in 1988 and is based in Cheadle Hulme, United Kingdom.

Buy £36M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-14 Wren Sterling

London, United Kingdom

Wren Sterling is an independent financial advisory business serving both private and corporate clients across the UK. It specializes in all aspects of savings, investments, and retirement planning. For corporate clients, they provide advice on pensions, including auto-enrolment, as well as workplace benefits and protection. Wren Sterling was established in 2007 and is based in London, England.

Buy £14M

Seller(S) 1

SELLER

Towergate Financial

London, United Kingdom

website

Category Company
Sector Financial Services
DESCRIPTION

Towergate Financial is anindependent financial advice throughout the UK.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-23 John Charcol

London, United Kingdom

John Charcol is an independent mortgage broker, advising its clients on residential and commercial property. John Charcol was established in 1974 and is based in London, United Kingdom.

Buy -
Mergr

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