M&A Deal Summary

Phoenix Equity Partners Acquires Key Retirement Solutions

On June 19, 2013, private equity firm Phoenix Equity Partners acquired business services company Key Retirement Solutions from Cabot Square Capital for 35M GBP

Acquisition Highlights
  • This is Phoenix Equity Partners’ 4th transaction in the Business Services sector.
  • This is Phoenix Equity Partners’ 14th largest (disclosed) transaction.
  • This is Phoenix Equity Partners’ 32nd transaction in the United Kingdom.
Investment Fate
  • Key Retirement Solutions was sold to a consortium of financial buyers in 2017 for 208M GBP.

M&A Deal Summary
Date 2013-06-19
Target Key Retirement Solutions
Sector Business Services
Buyer(s) Phoenix Equity Partners
Sellers(s) Cabot Square Capital
Deal Type Secondary Buyout
Deal Value 35M GBP

Target

Key Retirement Solutions

Lancashire, United Kingdom
Key Retirement Solutions Ltd. is a provider of advice and financial products for people near or in retirement. The Company specializes in the origination and distribution of lifetime mortgages (LTMs), on behalf of third-party funders, which enable customers to release equity from their homes to fund their retirement.

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Buyer(S) 1

Buyer

Phoenix Equity Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Phoenix Equity Partners is a mid-market private equity firm that funds management buyouts and buy-ins, and provides expansion capital for UK-based companies. Phoenix looks for opportunities valued up to £200 million. Target sectors include consumer, leisure, retail, financial services, healthcare, education, media, transportation/logistics, and business services. Phoenix Equity Partners was formed in 2001 and is based in London.

DEAL STATS #
Overall 34 of 56
Sector (Business Services) 4 of 10
Type (Secondary Buyout) 9 of 16
Country (United Kingdom) 32 of 52
Year (2013) 2 of 2
Size (of disclosed) 14 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-14 The Gym Group

Hounslow, United Kingdom

The Gym, a UK operator of low-cost gyms, to support its continued expansion.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-22 NFT Distribution

Alfreton, United Kingdom

NFT Distribution is a distributor of chilled food, providing nationwide transportation from food manufacturers to distribution centres and from distribution centres to retail stores. NFT operates from eight sites across the UK, leases a fleet of approximately 350 trucks, and employs 1,500 staff. NFT Distribution is based in Alfreton, United Kingdom.

Sell £60M

Seller(S) 1

SELLER

Cabot Square Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
Size Small
Type Sector Agnostic
DESCRIPTION

Cabot Square Capital is a private investment firm that seeks investments in small to mid sized businesses located in the UK and Western Europe. Cabot looks for majority control positions and will consider opportunities across various industry sectors. Funds are typically used to 'facilitate transitions, such as start-up, buy and build, turnaround and expansion'. Cabot Square Capital was formed in 1996 and is based in London.

DEAL STATS #
Overall 2 of 9
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 2 of 4
Country (United Kingdom) 2 of 8
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Signature Property Finance

Birmingham, United Kingdom

Signature Property Finance is a principal lender providing short term property finance to property developers, landlords, limited companies and investors. Signature Property Finance is based in Birmingham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-21 Propel Finance

Newport, United Kingdom

Propel Finance is an Independent Asset Finance House and Brokerage providing business with cost-effective, asset finance solutions. Propel Finance was founded in 1996 and is based in Newport, United Kingdom.

Buy -
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