Investment Summary

Spirit Capital Partners Exits FMG Support

On April 14, 2015, private equity firm Endless invested in business services company FMG Support from Spirit Capital Partners

Investment Highlights
  • This is Endless’ 2nd transaction in the Business Services sector.
  • This is Endless’ 32nd transaction in the United Kingdom.
Investment Fate
  • FMG Support was sold to a publicly-traded strategic buyer in 2015 for 43M GBP.

Investment Summary

Date 2015-04-14
Target FMG Support
Sector Business Services
Investor(s) Endless
Sellers(s) Spirit Capital Partners
Deal Type Secondary Buyout

Target

FMG Support

Huddersfield, United Kingdom
FMG Support provides a range of outsourced services to help its blue chip customers to manage the performance of their vehicle fleets, generating efficiencies and improving profitability.

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Investor(S) 1

Investor

Endless

Leeds, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Endless LLP is an independent private equity firm that targets management buyouts and turnaround investment opportunities in a variety of industries. Endless invests in UK based companies with generating sales of £10 to £1000 million. Endless can commit up to £80 million for each transaction in the form of equity and/or debt. Endless will not invest in startups or companies with less than £10 million of sales. Endless was formed in 2005 and has offices in Leeds, Manchester and Solihull.


DEAL STATS #
Overall 32 of 76
Sector: Business Services M&A 2 of 5
Type: Secondary Buyout M&A Deals 9 of 19
Country: United Kingdom M&A 32 of 73
Year: 2015 M&A 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-01 Ink

London, United Kingdom

Ink is a travel media and marketing company. Ink publishes in-flight magazines for more than 40 different airlines and has offices across the world. Ink was founded in 1994 and is based in London, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-15 Adare

Basingstoke, United Kingdom

Adare is a provider of marketing and secure communication solutions with a full range of print management, print production, mailing, data, design, and distribution services. Adare was formed in 1982 and is based in Basingstoke, United Kingdom.

Buy £60M

Seller(S) 1

DESCRIPTION

Spirit Capital Partners is a private equity firm focused on lower middle-market, UK-based opportunities. Spirit Capital Partners was formed in 2008 and is based in Leeds.


DEAL STATS #
Overall 7 of 7
Sector: Business Services M&A 2 of 2
Type: Secondary Buyout M&A Deals 3 of 3
Country: United Kingdom M&A 7 of 7
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-22 Coal and Coke Merchants

Harrogate, United Kingdom

Coal and Coke Merchants help public and private sector businesses understand and manage their environmental risks, reducing the impact to the environment, their operation and their reputation. Coal and Coke Merchants focus on consulting, preventing and responding to your environmental risks, so you can focus on your customers. Coal and Coke Merchants was founded in 1926 and is based in Harrogate, United kingdom.

Sell £60M