M&A Deal Summary

Alcentra Acquires Lifetime

On November 25, 2022, Alcentra acquired education company Lifetime from Sovereign Capital Partners and Silverfleet Capital

Acquisition Highlights
  • This is Alcentra’s 1st transaction in the Education sector.
  • This is Alcentra’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2022-11-25
Target Lifetime
Sector Education
Buyer(s) Alcentra
Sellers(s) Sovereign Capital Partners
Silverfleet Capital
Deal Type Add-on Acquisition

Target

Lifetime

Bristol, United Kingdom
Lifetime is a vocational training provider, offers pre-employment training, Apprenticeship programmes and training courses to over 15,000 people a year nationwide in the fitness, retail, care and hospitality sectors. Lifetime was founded in 1995 and is based in Bristol, United Kingdom.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Alcentra

London, United Kingdom

Category Company
Founded 2002
Sector Financial Services
DESCRIPTION

Alcentra is the largest and longest-tenured manager of private debt with $38 billion in assets under management as of April 30, 2022 (including accounts managed by Alcentra NY, LLC, Alcentra Limited, and assets managed by Alcentra personnel for affiliates under dual officer arrangements). Alcentra was founded in 2002 and is headquartered in London, United Kingdom.


DEAL STATS #
Overall 2 of 2
Sector: Education M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: United Kingdom M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-04 Mountain Warehouse

London, United Kingdom

Mountain Warehouse operates retail stores that offer outdoor clothing, footwear, and accessories for men, women, and kids. Mountain Warehouse was founded in 1997 and is based in London, United Kingdom.

Buy £85M

Seller(S) 2

SELLER

Sovereign Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 1.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Sovereign Capital Partners (SCP) is a private equity firm that specializes in buy and build opportunities throughout the UK. The Firm targets consolidation strategies in the education and training, healthcare, and outsourced business services sectors. SCP looks to invest £10 to £120 million per transaction. Sovereign Capital Partners was formed in 2001 and is based in London.


DEAL STATS #
Overall 27 of 29
Sector: Education M&A 6 of 6
Type: Add-on Acquisition M&A Deals 12 of 13
Country: United Kingdom M&A 25 of 25
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-06 Actica Consulting

Guildford, United Kingdom

Actica Consulting is a specialist provider of digital transformation, cybersecurity and technical consultancy services. Actica Consulting was founded in 1998 and is based in Guildford, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-18 Alveo

New York City, New York, United States

Alveo is a provider of data management software to global financial institutions. Alveo encompass the full spectrum of reference and market data to help financial institutions better manage risk, meet evolving compliance demands, increase productivity, bring new products to market faster and generate new revenue. Alveo was founded in 1991 and is based in New York City, New York.

Sell -
SELLER

Silverfleet Capital

London, United Kingdom

Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 2.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Silverfleet Capital is an independent private equity firm that invests in market leading businesses in growing sectors. Silverfleet looks to acquire companies headquartered in Western Europe or US-based businesses with a substantial European presence. Target companies are typically valued between €75 and €500 million and operate in sectors spanning business and financial services, healthcare, leisure, and retail/consumer. Silverfleet Capital was formerly known as PPM Capital, operating under Prudential plc. Silverfleet has offices in London, Paris, Munich, and Chicago.


DEAL STATS #
Overall 42 of 42
Sector: Education M&A 1 of 1
Type: Add-on Acquisition M&A Deals 13 of 13
Country: United Kingdom M&A 18 of 18
Year: 2022 M&A 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Quantios

Fleet, United Kingdom

Quantios provides entity management, client accounting, practice management, compliance, and workflow software for trust, fund and corporate service providers around the world. The Company serves over 360 customers and 26,000 users in over 30 jurisdictions, through eleven offices worldwide in key jurisdictions including Australia, Guernsey, Jersey, Luxembourg, Singapore, and the United Kingdom. Quantios was founded in 1996 and is based in Fleet, United Kingdom.

Sell -