M&A Deal Summary

Alchemy Partners Acquires Heartwood Collection

On February 8, 2022, growth capital firm Alchemy Partners acquired restaurant Heartwood Collection from Core Capital

Acquisition Highlights
  • This is Alchemy Partners’ 1st transaction in the Restaurants sector.
  • This is Alchemy Partners’ 11th transaction in the United Kingdom.

M&A Deal Summary

Date 2022-02-08
Target Heartwood Collection
Sector Restaurants
Buyer(s) Alchemy Partners
Sellers(s) Core Capital
Deal Type Secondary Buyout

Target

Heartwood Collection

Teddington, United Kingdom
Heartwood Collection operates two food-led concepts. WBC is a food-led pub business in the UK. Brasserie Blanc is a French brasserie group with iconic high street and hotel locations. Heartwood Collection was formed in 1996 and is based in Teddington, United Kingdom.

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Buyer(S) 1

Buyer

Alchemy Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1997
PE ASSETS 4.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Alchemy Partners is a private equity firm that targets investments in the UK, Ireland, and German-speaking Europe. Alchemy looks to commit £25 to £150 million per transaction in areas including financial services, information technology, and telecoms. Historically, the Firm primarily targeted leveraged buyouts, buy-ins, and growth capital financings, but today Alchemy specializes in distressed and undervalued or underperforming businesses. Alchemy Partners was formed in 1997 and is based in London.


DEAL STATS #
Overall 16 of 16
Sector: Restaurants M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 3
Country: United Kingdom M&A 11 of 11
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-11 Apollo

London, United Kingdom

Apollo is an insurance platform, offering data-driven and creative solutions to a wide variety of risks. The company offers products across Property, Casualty, Marine, Energy & Transportation, Specialty, Reinsurance, as well as Smart Follow and digital & embedded risk programs. Apollo is based in London.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-02 Apollo

London, United Kingdom

Apollo is an insurance platform, offering data-driven and creative solutions to a wide variety of risks. The company offers products across Property, Casualty, Marine, Energy & Transportation, Specialty, Reinsurance, as well as Smart Follow and digital & embedded risk programs. Apollo is based in London.

Sell $555M

Seller(S) 1

SELLER

Core Capital

Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 218M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Core Capital Partners is a private equity firm focused on investing in UK-based companies. The Firm is a generalist investor and has experience in the healthcare, IT, business services, leisure, consumer, technology, and media sectors. Core generally seeks to commit £10 to £25 million per investment and will consider a variety of transaction situations including buyouts, growth capital financings, add-on acquisitions, recapitalizations, and distressed situations. Core Capital was formed in 2005 and is headquartered in London.


DEAL STATS #
Overall 14 of 16
Sector: Restaurants M&A 3 of 3
Type: Secondary Buyout M&A Deals 5 of 6
Country: United Kingdom M&A 12 of 14
Year: 2022 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-16 Olo

New York, New York, United States

Olo provides a mobile, tablet, and PC based platform that gives consumers a faster, more accurate customer experience for ordering takeout, enabling diners to “Skip the Line” by ordering and paying via website or branded apps prior to arriving at a restaurant or eating venue. Olo was founded in 2005 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 Avonside

Heywood, United Kingdom

Avonside is a service provider in the UK housing industry, installing over 17,000 roofs a year, and operating from 48 branches across the country. The Group is made up of a family of specialist divisions offering services to a wide range of markets including commercial, residential, health, local authorities, education, defense, and domestic, in both public and private sectors. Avonside was founded in 1988 and is based in Heywood, United Kingdom.

Sell -