M&A Deal Summary

Palatine Private Equity and Connection Capital Acquire EPI Group

On June 12, 2014, private equity firm Palatine Private Equity and asset manager Connection Capital acquired business services company EPI Group

Acquisition Highlights
  • This is Palatine Private Equity’s 2nd and Connection Capital’s 2nd transaction in the Business Services sector.
  • This is Palatine Private Equity’s 14th and Connection Capital’s 9th transaction in the United Kingdom.

M&A Deal Summary
Date 2014-06-12
Target EPI Group
Sector Business Services
Buyer(s) Palatine Private Equity
Connection Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

EPI Group

Fleet, United Kingdom
EPI Group provides consultants whose specialist capabilities, experience, and expertise add significant value to their clients’ oil and gas exploration programs. Working in a variety of harsh, hostile, remote and challenging environments, EPI’s consultants ensure multi-million-pound projects are delivered safely, on time and to budget. EPI Group was founded in 1986 and is based in Fleet, United Kingdom.

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Buyer(S) 2

Buyer

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 14 of 52
Sector (Business Services) 2 of 13
Type (Buyout (LBO, MBO, MBI)) 12 of 21
Country (United Kingdom) 14 of 52
Year (2014) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-17 Gusto Restaurants

Knutsford, United Kingdom

Gusto Restaurants is a casual Italian restaurant chain. Contemporary dishes are freshly prepared on site and accompanied by an extensive drinks menu, with a focus on quality food, drink, and service across the estate. Gusto Restaurants was established in 2005 and is based in Knutsford, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-16 Hallmark Hotel Group

Morley, United Kingdom

Hallmark Hotel Group Ltd. is a group of eight four-star hotels with 730 rooms.

Sell £75M
Buyer

Connection Capital

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2010
PE ASSETS 295M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Connection Capital is an asset manager that provides investors direct access to a variety of investment opportunities. These include direct private equity investments, structured debt, and commercial property deals. Connection Capital was formed in 2010 and is headquartered in London.

DEAL STATS #
Overall 9 of 34
Sector (Business Services) 2 of 5
Type (Buyout (LBO, MBO, MBI)) 5 of 16
Country (United Kingdom) 9 of 34
Year (2014) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-30 Impero Solutions

Nottingham, United Kingdom

Impero Solutions has developed a comprehensive package solution for schools, colleges and universities offering flexible networking and e-safety functionality, together with powerful classroom management software solutions designed to promote a better, safer and more dynamic learning environment. Impero Solutions was founded in 2002 and is based in Nottingham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-17 Redeem

Bathgate, United Kingdom

Redeem is a provider of electronic equipment recycling and re-commerce solutions for mobile network operators, wholesalers, retailers, charities, and direct consumers in the United Kingdom and internationally. Redeem was founded in 1999 and is based in Bathgate, United Kingdom.

Buy -
Mergr

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