M&A Deal Summary

Equistone Acquires WHP Telecoms

On March 28, 2018, private equity firm Equistone acquired communications company WHP Telecoms from Palatine Private Equity

Acquisition Highlights
  • This is Equistone’s 4th transaction in the Communications sector.
  • This is Equistone’s 90th transaction in the United Kingdom.

M&A Deal Summary

Date 2018-03-28
Target WHP Telecoms
Sector Communications
Buyer(s) Equistone
Sellers(s) Palatine Private Equity
Deal Type Secondary Buyout
Advisor(s) Convex Capital (Financial)
Mills & Reeve (Legal)

Target

WHP Telecoms

Warrington, United Kingdom
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

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, England.


DEAL STATS #
Overall 221 of 254
Sector (Communications) 4 of 4
Type (Secondary Buyout) 68 of 86
Country (United Kingdom) 90 of 102
Year (2018) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-28 T.O.M. Vehicle Rental

Airdrie, United Kingdom

T.O.M. Vehicle Rental is a provider of flexible vehicle rental solutions. T.O.M. provides long-term, flexible hire of commercial vehicles (vans, trucks, trailers, and cars) to over 900 public and private sector customers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 Mademoiselle Desserts

Montigny le Bretonneux, France

Mademoiselle Desserts is a producer of frozen bakery products, such as pastry base, flaky pastry, flans, and unbaked and baked pies. Mademoiselle Desserts was founded in 1984 and is based in Montigny le Bretonneux, France.

Sell -

Seller(S) 1

SELLER

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 9 of 25
Sector (Communications) 2 of 2
Type (Secondary Buyout) 5 of 15
Country (United Kingdom) 9 of 25
Year (2018) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-18 ZyroFisher

Darlington, United Kingdom

ZyroFisher is a cycling parts and accessories distributor. ZyroFisher distributes a massive range of market-leading branded products designed to enhance your cycling experience – increasing safety, comfort, and enjoyment for every cyclist. ZyroFisher was founded in 1995 and is based in Darlington, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-12 Westleigh Partnerships

Leicester, United Kingdom

Westleigh Partnerships Ltd. is a provider of affordable residential property. Westleigh builds over 1,100 properties per year and has successfully expanded geographically from the East Midlands into both the West Midlands and South Yorkshire. Westleigh Partnerships was established in 1985 and is based in Leicester, United Kingdom.

Sell -