Investment Summary

Palatine Private Equity Invests In Acora

On April 6, 2020, private equity firm Palatine Private Equity invested in information technology company Acora

Investment Highlights
  • This is Palatine Private Equity’s 4th transaction in the Information Technology sector.
  • This is Palatine Private Equity’s 34th transaction in the United Kingdom.
Investment Fate
  • Acora was sold to a consortium of financial buyers in 2022.

Investment Summary
Date 2020-04-06
Target Acora
Sector Information Technology
Investor(s) Palatine Private Equity
Deal Type Growth Capital

Target

Acora

Burgess Hill, United Kingdom
Acora provides a range of IT support and cloud solutions to help mid-market organizations modernize infrastructure and operate in the digital economy. It offers a full-service suite, from service desk through to cloud transformation and ongoing managed service of cloud applications and infrastructure. Acora is based in Burgess Hill, United Kingdom.

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Investor(S) 1

Investor

Palatine Private Equity

Manchester, United Kingdom

Investor Investor Investor Investor Investor

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 34 of 52
Sector (Information Technology) 4 of 5
Type (Growth Capital) 5 of 16
Country (United Kingdom) 34 of 52
Year (2020) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-18 Vernacare

Chorley, United Kingdom

Vernacare is a provider of single-use infection control systems to the healthcare sector. It has pioneered single-use toileting systems globally, offering patients hygienic and dignified care and provides healthcare institutions with efficient, cost-effective and environmentally sound toileting and bathing solutions. Vernacare was founded in 1964 and is based in Chorley, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-02 NRG Riverside

Lancashire, United Kingdom

NRG Riverside is a rental provider of specialist waste collection vehicles serving communities in the UK directly and indirectly in providing waste collection vehicles under long-term contracts and on a rental basis. The Company has an integrated offering of lease or rental of vehicles, repair and maintenance, and regulatory compliance services, which is highly valued by customers and generates high levels of contract renewals and recurring revenues. NRG Riverside was formed in 1996 and is based in Lancashire, United Kingdom.

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