Equity Providers
   
Provide equity and debt financing for turnaround deals:
 
3i
 Address
91 Waterloo Road, London, SE1 8XP
 Telephone
+44 (0)20 7928 3131
 Web site
www.3i.com
 E-mail
andrew_bell@3i.com
Principal  Contact
Andrew Bell
 Min Invest
£ 1,000,000
 Max Invest
£ 50,000,000
 Average Deal Size
£1.7 million (as at 30.9.01)
Type of Firm
Equity (and debt)
 Industry Preference
All sectors considered.
Geographic preference
UK, US, Asia and Western Europe. 3i has the ability to complete deals with global implications.
 Deal History
3i has a specialist turnaround team, however its principle turnaround focus is on its existing investments that may be underperforming. Currently 3i rarely back distressed deals that are not already in its portfolio.
 
 
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Alchemy Partners LLP
 Address
25 Bedford Street, London WC2E 9ES
 Telephone
+44 (0)20 7240 9596
 Web site
www.alchemypartners.com
 E-mail
jmoulton@alchemypartners.co.uk
Principal  Contact
Jacqueline Mundie
 Min Invest
£ 25,000,000
 Max Invest
£ 120,000,000
 Average Deal Size
£45,000,000
Type of Firm
All sectors considered
 Industry Preference
Equity (and debt)
Geographic preference
UK, Ireland, Germany, Austria, Switzerland
Recent  Deal History
Alchemy’s private equity business has advised on over 100 completed transactions with more than £2.0 billion of equity invested to date. Turnaround transactions and public to private opportunities are particular specialities with 24 public to private transactions undertaken so far. Turnaround deals include CompAir, recently sold, InterGlobal, Cedar, CedarCrestone
 
 
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Ascendo Associates
 Address
Eastside Complex, Pinewood Road, Iver, Buckinghamshire SL0 0NH
 Telephone
+44 (0)1753 78 33 38 (UK Office)
+49 (0)89 21 11 28 – 0 (German office)
 Web site
www.ascendoassociates.com
 E-mail
michael.hasenstab@ascendoassociates.com
Principal  Contact
Michael Hasenstab
 Min Invest
£ 200,000
 Max Invest
£ 5,000,000
 Average Deal Size
£1,000,000
Type of Firm
All sectors considered
 Industry Preference
Equity (and debt)
Geographic preference
UK, Germany, Austria and Switzerland
Recent  Deal History
 
 
 
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Business Investors Group
 Address
Picktree Barn, Picktree Village, Washington, Tyne-and-Wear, NE38 9HH
 Telephone
+44 (0)191 389 0889
 Web site
Not Specified
 E-mail
tony@scrapdouglas.com
Principal  Contact
Tony Douglas
 Min Invest
No Limit
 Max Invest
£ 2,000,000
 Average Deal Size
Not Specified
Type of firm
Equity (and debt)
 Industry Preference
All sectors considered - particularly Bio-Technology and Retail.
Geographic preference
North East of England
 Deal History
Business Investors Group brings together a pool of individuals who achieved notable success across a variety of sectors. The Group is solely focused on investing in the North East of England, thus enabling the Group to provide the necessary management and financial support required.
 
 
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Close Investment Management Limited
 Address
12 Appold Street, London, EC2A 2AW
 Telephone
+44 (0)20 7426 4000
 Web site
www.cbpel.vom
 E-mail
richard.lott@cbpel.com
Principal  Contact
Richard Lott
 Min Invest
£ 2,000,000
 Max Invest
£ 30,000,000
 Average Deal Size
£15,000,000
Type of Firm
Equity (and debt)
 Industry Preference
Chemicals & aterials, Energy, Construction and building products, Industrial automation, Industrial products & services, Manufacturing, Transportation, Electronics, Leisure and entertainment, and Other consumer related industries.
Geographic preference
UK
 Deal History
Turnarounds are not the primary focus of Close however they have specialist in house turnaround skills and experience, including an insolvency practitioner who focuses on turnaround finance. Recent deals include Park Resorts, Hillarys Group, United Transport, SP Systems, Oxford Aviation.
 
 
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Credit Agricole
 Address
122 Leadenhall Street, London, EC3V 4QH
 Telephone
+44 (0)20 7971 4461
 Web site
www.ca-indosuex.com
 E-mail
dominic.magee@uk.ca-indosuez.com
Principal  Contact
Dominic Magee
 Min Invest
£ 1,000,000
 Max Invest
£ 10,000,000
 Average Deal Size
£ 2,200,000
Type of firm
Equity (and debt)
 Industry Preference
All sectors considered
Geographic preference
UK, Republic of Ireland
 Deal History
Credit Agricole are a leading private equity firm, who will make investments into rescue and turnaround situations. Recent deals include Bomanton International, Coolchain Group Ltd, Excalibur Group Holdings, WRM Logistics, Snapper Music, Pizza Piazza, Woods of Windsor, Colchester Tile Supplies, Primal Pictures.
 
 
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ECI Partners
 Address
Brettenham House, Lancaster Place, London, WC2E 7EN
 Telephone
+44 (0) 20 7606 1000
 Web site
www.ecipartners.com
 E-mail
ken.lindsay@ecipartners.com
Principal  Contact
Ken Lindsay
 Min Invest
£ 5,000,000
 Max Invest
£ 40,000,000
 Average Deal Size
£ 10,000,000
Type of firm
Equity
 Industry Preference
All sectors considered
Geographic preference
UK-based businessese
 Deal History
ECI is a longstanding provider of equity finance for business improvement and turnarounds. Previous investments have covered a wide range of sectors including transport, restaurants, training, consumer products and business services
 
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Endless LLP
 Address

Leeds Office: 3 Whitehall Quay, Leeds, LS1 4BF
Manchester: The Chambers, 13 Police Street, Manchester, M2 7LQ
Birmingham: Waterloo House, 20 Waterloo Street, Birmingham, B2 5TB
London: PO Box 62757, London, SW12 0UY

 Telephone

Leeds: +44 (0) 845 370 0101
Manchester: +44 (0) 161 837 6030
Birmingham: +44(0) 121 633 5600
London: +44 (0) 845 370 0101

 Web site
www.endlessllp.com
 E-mail

garry.wilson@endlessllp.com
darren.forshaw@endlessllp.com
warwick.ley@endlessllp.com
nick.leitch@endlessllp.com
del.huse@endlessllp.com

Principal  Contact

Leeds: Garry Wilson, Darren Forshaw
Manchester: Warwick Ley
Birmingham: Nick Leitch
London: Del Huse

 Min Invest
£1,000,000
 Max Invest
£32,000,000
 Average Deal Size
£5m to £10m
 Type of Firm

Equity, Turnaround, Non-core assets, Real Estate and Restructuring

 Industry Preference
All sectors, strong specialisms in manufacturing, industrial, engineering, retail and distribution.
Geographic preference
UK
 Deal History
Endless LLP provides investment funding to support Turnaround, Non-Core Assets, Buyouts and Real estate opportunities. Endless seeks to take a radically different view of unusual or tough situations and prides itself on market leading speed of transacting. Established in December 2005, this fast growing and vibrant company has recently secured an institutional fund of £164m from 12 global investors, providing significant investment power at a time when capital supply to the general market is low.
 
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Fog Cutter Capital Group Inc.
 Address
28 New Bond Street, London, W1S2RJ
 Telephone
+44 (0) 20 7493 0264
 Web site
www.fccgi.com
 E-mail
matt.green@fccgi.com
Principal  Contact
Matt Green
 Min Invest
£ 500,000
 Max Invest
£ 20,000,000
 Average Deal Size
not specified
Type of firm
Equity (and debt)
 Industry Preference
All sectors considered
Geographic preference
UK and mainland Europe
 Deal History
Recent acquisitions and financing in the retail,
manufacturing, and real estate markets.

 
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Gates and Partners
 Address
20 St Mary At Hill, London, EC3R 8EE
 Telephone
+44 (0)207 220 5950
 Web site
www.gatesandpartners.com
 E-mail
info@gatesandpartners.com
Principal  Contact
Adosh Chatrah, Aoife O'Sullivan and Matthew Mace
 Min Invest
N/A
 Max Invest
N/A
 Average Deal Size
up to £20 Million
Type of firm
Legal
 Industry Preference

Private Equity
Turnaround Finance
Insolvency
AiM Listings
Travel sector (including aviation)

Geographic preference
UK and Offshore
 Deal History
All aspects of Private Equity / Venture Capital and Investments / Divestments / Turnaround Finance / Distressed Businesses
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Investec
 Address
2 Gresham Street, London, EC2N 7QP
 Telephone
+44 (0)20 7597 2000
 Web site
www.investec.com/uk
 E-mail
john.clifford@investec.co.uk
Principal  Contact
John Clifford
 Min Invest
No Limit
 Max Invest
No Limit
 Average Deal Size
Not Specified
Type of firm
Equity (and debt)
 Industry Preference
All sectors considered
Geographic preference
Primarily in the UK. Also South Africa, US, Israel and Australia.
 Deal History
Investec provide a range of services to management teams in buy-in, buy-out, development capital and turnaround transactions with a particular focus on middle market transactions. Investec are opportunistic in their approach to turnarounds, and will assess and a transaction on a case-by-case basis.
 
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K2 Partners
 Address
64 Lower Sloane Street, London SW1W 8BP
 Telephone
+44 (0)709 222 7720
 Web site
www.k2-partners.com
 E-mail
tonygroom@k2-partners.com
Principal  Contact
Tony Groom
 Min Invest
No Limit
 Max Invest
£ 500,000 equity
 Average Deal Size
Businesses with £1-20 million turnover
Type of firm
Advisers and investors
 Industry Preference

K2 invests in cash strapped SMEs with growth potential. Industrial & commercial B2B sectors, manufacturing, systems integrators, electronics, IT & support services, business & marketing services, music & media.

Geographic preference
England
 Deal History
K2's portfolio includes: JBS Master Baker www.jbspe.com; Beaumont www.beaumont-heaters.co.uk; Viper Guard www.viperguard.co.uk; Music Room Direct www.musicroomdirect.com; Circuit Consultants Ltd www.circuit-consultants.com, Champions www.champions.co.uk, Exit - Coffee Nation www.coffee-nation.com
 
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Kelso Place Asset Management
 Address
110 St Martin's Lane, London WC2N 4BA
 Telephone
+44 (0)20 7836 0000
 Web site
www.kelsoplace.com
 E-mail
info@kelsoplace.com
Principal  Contact
Charles Bodie
 Min Invest
No minimum (but look for business with turnovers of greater than £15m p.a.)
 Max Invest
£ 20,000,000
 Average Deal Size
£ 10,000,000
Type of firm
Equity (and debt)
 Industry Preference
All sectors considered
Geographic preference
UK
 Deal History

Currently investing a £100m UK Special Situations Fund, our investment strategy is to acquire businesses whose full potential is not being achieved. This may be caused by operational underperformance, by a distressed situation (for example, cashflow shortage, over-leverage or insolvency) or by neglect from being deemed non core within a larger group of companies.
Our committed funds, diverse skill set and transactional experience allow us to evaluate and complete acquisitions very rapidly and to be creative in our approach to new opportunities.

 
 
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Klesch Investment Capital
 Address
105 Wigmore Street, London W1U 1QY
 Telephone
+44 (0)20 7493 4300
 Web site
www.klesch.co.uk
 E-mail
Not Specified
Principal  Contact
Not Specified
 Min Invest
Not Specified
 Max Invest
Not Specified
 Average Deal Size
Not Specified
Type of Firm
Equity (and debt)
 Industry Preference
All sectors considered.
Geographic preference
UK and Europe
 Deal History
Of the turnaround equity providers Klesch are unusual in that they are opportunistic in focus which means that they will look at a wide variety of deals. The range could be from buying out distressed bond debt in a multi banked corporate or taking more conventional equity positions.
 
 
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Merchant House Group
 Address
133 Ebury Street, London, SW1W 9QU
 Telephone
+44 (0)20 7730 5952
 Web site
Not Specified
 E-mail
Not Specified
Principal  Contact
Paul Harris
 Min Invest
Not specified
 Max Invest
Not specified
 Average Deal Size
Not specified
Type of firm
Equity (and debt)
 Industry Preference
All sectors considered
Geographic preference
UK, US, Australia and Europe
 Deal History
First Merchant Capital is a merchant bank who invest in MBO's, MBI's and turnarounds. The company have specialist knowledge of publicly quoted companies. Recent deals include Energy Technique plc.
 
 
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Pembridge Capital Partners
 Address
PO Box 3425, Barnet Hertfordshire EN5 9EU
 Telephone
+44 (0)560 244 1746
 Web site
www.pembridgecapitalpartners.com
 E-mail
info@pembridgecapitalpartners.com
Principal  Contacts
Andrew Hunt
 Min Invest
No minimum
 Max Invest
£10m
 Average Deal Size
Businesses with £5-50 million turnover.
Type of firm
Established or growing companies with commercial viability despite current difficulties. Committed team with clear business plan or vision. All types of transaction are considered including insolvency procedures.
 Industry Preference
All sectors except property development and construction
Geographic preference
Great Britain
 Deal History
Turnarounds are our principal focus and the investment team has collectively over 50 years experience of investing in and advising on such situations.
 
 
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Postern Fund Management Limited
 Address
Adam House, 7-10 Adam Street, London, WC2N 6AA
 Telephone
+44 (0)20 7520 9362
 Web site
www.postern.com
 E-mail
ascoulson@postern.com
Principal  Contact
Archie Coulson and Trevor Swete
 Min Invest
£ 500,000
 Max Invest
£3,000,000 on a sole investor basis but £40,000,000 as part of a syndicate
 Average Deal Size
£ 2,000,000
Type of Firm
Equity (and debt)
 Industry Preference
All sectors considered.
Geographic preference
UK and Western Europe
 Deal History
Postern specialises solely on rescues and turnarounds. They specialise in providing turnaround managers to assist the investment. Recent deals as lead investor include Brunel plc, Dennis Eagle. Postern's current portfolio size is 4 investments
 
 
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Quaestor Capital
 Address
44 Ambrose Avenue, London, NW11 9AN
 Telephone
+44 (0) 20 8455 2330
 Web site
 
 E-mail
agoldberg@quaestorcapital.com
Principal  Contact
Contact Arthur Goldberg
 Min Invest
No Limit
 Max Invest
£2,000,000
 Average Deal Size
£400,000
Type of firm
Equity
 Industry Preference
Service sectors, Leisure and Entertainment, Insurance, Travel
Geographic preference
UK
 Deal History
Quaestor is a company set up to invest its founders own funds. It therefore has a very flat level of decision making (no credit committees etc.) and can move extremely fast if need be.
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Quintaim
 Address
43 Wimpole Street, London, W1 G 8AE
 Telephone
+44 (0)7768 141 178
 Web site
www.quintaim.com
 E-mail
tim@quintaim.com
Principal  Contact
Tim Rosser
 Min Invest
£ 200,000
 Max Invest
No Limit
 Average Deal Size
Not Specified
Type of firm
Equity (and debt)
 Industry Preference
All sectors considered.
Geographic preference
UK
 Deal History
Quintaim sources, evaluates and monitors investment opportunities focused on UK businesses with a turnover of between £2m - £50m per annum. Quintaim are sector agnostic. Quintaim is particularly interested in sourcing turnaround projects and can move particularly quickly if necessary.
 
 
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RCapital Limited
 Address
15 Whitcomb Street, London WC2H 7HA
 Telephone
+44 (0)870 444 0613
 Web site
www.rcapital.co.uk
 E-mail
info@rcapital.co.uk
Principal  Contact
Jamie Constable
 Min Invest
£ 500,000
 Max Invest
£ 10, 000,000
 Average Deal Size
Not specified
Type of firm
Equity (and debt)
 Industry Preference
All sectors considered
Geographic preference
UK