M&A Deal Summary

Palatine Private Equity Acquires WHP Telecoms

On May 5, 2015, private equity firm Palatine Private Equity acquired communications company WHP Telecoms from Key Capital Partners for 38M GBP

Acquisition Highlights
  • This is Palatine Private Equity’s 2nd transaction in the Communications sector.
  • This is Palatine Private Equity’s largest (disclosed) transaction.
  • This is Palatine Private Equity’s 18th transaction in the United Kingdom.
Investment Fate
  • WHP Telecoms was sold to a consortium of financial buyers in 2018.

M&A Deal Summary

Date 2015-05-05
Target WHP Telecoms
Sector Communications
Buyer(s) Palatine Private Equity
Sellers(s) Key Capital Partners
Deal Type Secondary Buyout
Deal Value 38M GBP
Advisor(s) Convex Capital LLP (Financial)
JMW Solicitors (Legal)

Target

WHP Telecoms

Warrington, United Kingdom
website
WHP Telecoms is a UK mobile telecoms professional services provider. WHP Telecoms’ consultancy-led offering provides end-to-end solutions, including planning, design, acquisition, deployment, upgrade and maintenance of mobile network masts, antennae and base stations for the wireless telecommunications sector. WHP Telecoms was established in 1988 and is based in Warrington, 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 18 of 49
Sector (Communications) 2 of 3
Type (Secondary Buyout) 4 of 11
Country (United Kingdom) 18 of 49
Year (2015) 3 of 5
Size (of disclosed) 1 of 8
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-17 Alchemist Bar & Restaurant

Handforth, United Kingdom

Alchemist Bar & Restaurant is an experiential cocktail-led casual dining offering with a strong brand presence and reputation for quality. Alchemist Bar & Restaurant was established in 2010 and is based in Handforth, United Kingdom.

Buy £13M

Seller(S) 1

SELLER

Key Capital Partners

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2007
PE ASSETS 140M GBP
Size Small
Type Sector Agnostic
DESCRIPTION

Key Capital Partners is a private equity group focused on making smaller investments in profitable, growing, UK-based companies. Key looks to support companies across all sectors, providing £3 to £15 million of equity capital. Prospective transaction situations include management buyouts/buy-ins, development capital needs, acquisition financings, shareholder restructurings, and refinancings. Key Capital Partners was founded in 2007 and is based in Birmingham, UK with additional offices in Leeds and Cambridge.


DEAL STATS #
Overall 5 of 13
Sector (Communications) 1 of 1
Type (Secondary Buyout) 3 of 5
Country (United Kingdom) 5 of 13
Year (2015) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 Nurse Plus

London, United Kingdom

Nurse Plus Ltd. is a provider of staffing and domiciliary care solutions for the healthcare industry. Nurse Plus was established in 2005 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-03 Gear4Music

York, United Kingdom

Gear4Music (Holdings) is an online retailer of musical instruments and music equipment, operating 20 websites in 15 languages and 9 currencies. The company has grown sales through developing its own range of branded products, including Black Knight guitars, Coppergate brass instruments, and Minster keyboards and pianos. The company is also a major retailer of well-known brands, including Fender, Gibson, Yamaha, and Roland. Gear4Music was founded in 1995 and is Based in York, the United Kingdom.

Sell -