M&A Deal Summary

Pears Partnership Capital Acquires Verdant Leisure

On September 1, 2021, family office Pears Partnership Capital acquired leisure company Verdant Leisure from Palatine Private Equity

Acquisition Highlights
  • This is Pears Partnership Capital’s 1st transaction in the Leisure sector.
  • This is Pears Partnership Capital’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2021-09-01
Target Verdant Leisure
Sector Leisure
Buyer(s) Pears Partnership Capital
Sellers(s) Palatine Private Equity
Deal Type Secondary Buyout

Target

Verdant Leisure

Lancaster, United Kingdom
Verdant Leisure owns and operates two-holiday parks offering self-catering holidays and holiday home ownership. Verdant Leisure was founded in 2010 and is based in Lancaster, United Kingdom.

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Buyer(S) 1

DESCRIPTION

Pears Partnership Capital is a family office focused on long-term acquisitions of profitable, established companies throughout the UK and the rest of the European Union. The Firm looks to commit €20 to €150 million in businesses with proven management, recurring revenue, and operating in growing markets. Pears Partnership Capital is based in London.


DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1

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 17 of 25
Sector (Leisure) 3 of 3
Type (Secondary Buyout) 9 of 15
Country (United Kingdom) 17 of 25
Year (2021) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-21 Wren Sterling

London, United Kingdom

Wren Sterling is an independent financial advisory business serving both private and corporate clients across the UK. It specializes in all aspects of savings, investments, and retirement planning. For corporate clients, they provide advice on pensions, including auto-enrolment, as well as workplace benefits and protection. Wren Sterling was established in 2007 and is based in London, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 Estio

Leeds, United Kingdom

Estio is a specialist provider of NVQ level 3 and level 4 IT and digital apprenticeships, provided through its online delivery model. The company addresses a national, growing IT skills gap by making it easier for candidates to be successfully matched with funded industry training places, leading to excellent new or enhanced career prospects in the growing and sought-after skill area of IT and digital technology. Estio was founded in 2013 and is based in Leeds, United Kingdom.

Sell -