Alcuin
Alcuin exits Agrivert investment
Agrivert

20th August, 2015

Alcuin Capital Partners is pleased to announce that it has exited its investment in Agrivert, the market leading owner-operator of three Anaerobic Digestion (AD), two in-vessel composting and three green waste composting plants in addition to providing planning, engineering and construction services.

Agrivert has completed a £96 million debt and equity financing that has allowed it retire expensive short and medium-term debt replacing it with a 17 year, fixed rate infrastructure loan note at lower cost provided by GCP Infrastructure Investments Limited, a London listed infrastructure debt fund.

The debt financing was financially supported by several of Agrivert's existing equity investors and provided a full exit for equity funds advanced by Alcuin Capital Partners as well as providing the funding to complete the construction of two new 40,000 tonne per annum, 3.0MWe AD plants, one in South Wales and the other in Hertfordshire. Agrivert began construction of both plants this summer and they will be commissioned in the second half of 2016.

The transaction represents a successful exit for Alcuin, who first backed Agrivert in 2009 and subsequently made a follow-on investment in 2012 to support the ongoing growth of the business.

Alcuin investment in Deluxe
Deluxe

27th July, 2015

Alcuin Capital Partners is pleased to announce its investment in Deluxe, the high-quality catering company serving the private jet market. Deluxe was founded in 1989 as a UK pioneer of executive and private jet catering and related services and today has an international reputation for both service and quality.

The business has built up a loyal customer base over more than 25 years of operation and delivers to Luton and Farnborough amongst other UK private airports.

Final closing of the Fourth Alcuin Fund L.P.

30th June, 2015

Alcuin Capital Partners LLP has today announced the final closing of the Fourth Alcuin Fund L.P. having secured £150 million in commitments, primarily from existing institutional investors and family offices across the UK, Europe and the US, but also including a limited number of new investors.

Alcuin specialises in making £2-15 million investments in growth capital and buyout transactions in UK companies valued between £5 and £30 million across all industry sectors.

The team was founded by Mark Storey and Grace Henderson-Londoño after leaving BancBoston Capital, and were joined by Adrian Lurie in 2011.

The team at Alcuin have now made over fifty investments over a 25 year period, including successful companies such as Caffè Nero, one of the UK's largest coffee retailers, Agrivert, a leading organic waste recycling and waste-to-energy company, and Krispy Kreme, the UK's best known doughnut retailer.

In the last few months, Alcuin has led the buyout of AMI, a Bristol based conference and data business, and invested in the buyout of the Groucho Club, the famous Soho based members club.

The Fourth Alcuin Fund anticipates completing a number of new investments over the coming months, and has recently moved into new offices on Sloane Street, London.

For more information, please contact: Grace Henderson-Londoño at Alcuin on +44 (0) 203 178 4089

Investment in The Groucho Club
The Groucho Club

19th June, 2015

Alcuin Capital Partners is pleased to announce its investment in The Groucho Club, the UK's original arts private members club. The Groucho Club is renowned for its high-quality membership from areas such as film, media, the arts and politics. The transaction sees Alcuin take a significant minority stake alongside Graphite Enterprise Trust plc and Isfield Investments LLP. Founded in 1985 on Dean Street in the Soho area of London, The Groucho Club offers its loyal membership base access to world class hospitality in a relaxed environment, including three bars, two restaurants and accommodation.

Matt Hobbs, CEO of The Groucho Club, commented: "We are excited to welcome the backing of Alcuin and Isfield alongside Graphite in this new chapter for the club and its members. Each investor brings a wealth of knowledge and expertise that will help further accelerate the expansion and growth of the business. We all look forward to working together on the future of this iconic private members club."

Investment in Applied Market Information
Applied Market Information

2nd June, 2015

Alcuin Capital Partners is delighted to announce that it has acquired a majority stake in Applied Market Information Limited, (AMI) from its original founders and shareholders. Founded in 1986, AMI has grown to become a leading provider of information services to the global plastics industry. These include conferences, market reports, consultancy projects, databases and digital magazines. It has offices in the UK and the USA.

Mark Storey, partner at Alcuin said: "We are delighted to have been introduced to AMI; this is a dynamic business that has a very strong reputation in the plastics industry for the quality of the information it provides and the events that it organises. Alcuin has always targeted ambitious, growth companies with the ability to compete on a global basis and AMI definitely fits the bill."

AMI's Andrew Reynolds said: "We really welcome the opportunity of joining Alcuin and moving the company forward in the next stages of its development."

Alcuin exits Osprey Publishing
Osprey

22nd December, 2014

Alcuin Capital Partners is pleased to announce that it has successfully exited its 2011 investment in Osprey Publishing, the world´s leading publisher of specialist illustrated books on a wide range of military topics, in a sale to Bloomsbury Plc. Osprey will increase Bloomsbury´s presence in niche special interest markets and complements their existing natural history and military history publishing, as well as international sales.

Osprey was founded in 1968 and originally focussed on military publishing however, more recently, Osprey have expanded their offering into other niche imprints including nature, heritage and custom publishing.

Alcuin investment in Neville Johnson
Neville Johnson

29th May, 2014

Alcuin Capital Partners is pleased to announce its investment in Neville Johnson Group, which trades under its Neville Johnson and Tom Howley brands, a leader in the luxury market for premium furniture and fitted kitchen products. The transaction has been supported by funding from the management team and debt provided by RBS.

Nigel Pailing, CEO of Neville Johnson, commented: "We are excited for the next stage of growth with Alcuin as we roll-out our brands across the UK and look to open eight new showrooms over the next three years."

Follow-on investment in Osprey
Osprey

2nd December, 2013

Alcuin Capital Partners is pleased to announce an acquisition by Osprey Publishing Ltd, the world´s leading publisher of specialist illustrated books on a wide range of military topics. Alcuin originally invested in Osprey in 2011 to facilitate further growth both organically and through acquisition.

Osprey has acquired British Wildlife Publishing (BWP), a leading independent magazines and field guide publisher in British natural history, and this acquisition represents the second acquisition since our investment in 2011. BWP will become part of Osprey´s Heritage Division, which comprises Shire Publications and Old House Books & Maps.

Tasker Insurance Group refinancing
Tasker Insurance Group

29th October, 2013

Alcuin Capital Partners is pleased to announce the refinancing of Tasker Insurance Group Limited: the holding company for Tasker & Partners, a successful Lloyd’s insurance broker; Gresham Services Limited, an underwriting agency; and Maestro Insurance Services Ltd and LMI Ltd, both commercial brokers.

The refinancing which saw new committed senior term loan represents a significant milestone in the development of Tasker Insurance Group and commits additional capital to support organic growth and further acquisitions.

Tasker Insurance Group acquires Gresham
Tasker Insurance Group

14th May, 2013

Alcuin Capital Partners is pleased to announce a follow-on investment in Tasker Insurance Group Limited, a company formed to acquire a controlling stake in Tasker & Partners, a successful Lloyd’s insurance broker.

The new investment will be used to fund the acquisition of an underwriting agency Gresham Services Limited and its sister company, LMI Ltd, a commercial broker.

Gresham, based in Dartford, Kent, was founded in 1998 by Chris and John Collier and has 1,500 SME insurance broker customers, spread across the UK. The acquisition of the Gresham group of companies, together with the simultaneous acquisition of the remaining minority stake in Tasker & Partners, represents a significant milestone in the development of Tasker Insurance Group.

Follow-on investment in AVMI
AVMI

3rd December, 2012

Alcuin Capital Partners is pleased to announce a follow-on investment in AVMI, a leading visual communications systems integrator in the UK. Alcuin originally invested in AVMI in July 2012 to facilitate further growth both organically and through acquisition.

The new investment has been used to support the acquisition of Impact Marcom, a leading audiovisual and video conferencing integrator which, together with AVMI, will create the UK’s largest dedicated provider of AV and VC solutions. The deal was further supported by additional funding from the management team and mezzanine provider Indigo Capital.

Alcuin investment in Domus
Domus

6th November, 2012

Alcuin Capital Partners is pleased to announce its investment in Domus, the UK’s leading supplier of tile, mosaic and stone products to the residential developer and architectural specification markets. The transaction has been supported by funding from the management team and debt provided by Centric Corporate Finance.

Domus trades under two widely recognised and complementary brands, Domus and Surface. The Group is actively involved in a wide variety of premium construction projects within the UK and internationally, including commercial, office, infrastructure and high-end private residential applications.

Jon Newey, CEO of Domus, commented: “This deal represents an outstanding opportunity for our business; we are currently enjoying strong trading across the Group and are confident about the future prospects for the business. Alcuin has already demonstrated an enthusiastic and supportive approach and therefore is an ideal partner for our team to deliver our plan".

Follow-on investment in Osprey
Osprey

17th July, 2012

Alcuin Capital Partners is pleased to announce a follow-on investment in Osprey Publishing Ltd, the world’s leading publisher of specialist illustrated books on a wide range of military topics. Alcuin originally invested in Osprey in 2011 to facilitate further growth both organically and through acquisition.

The new investment will be used to fund the acquisition of the assets and publishing business of Duncan Baird Publishers incorporating Watkins Publishing. Duncan Baird Publishers is a leading independent publisher of illustrated books in the fields of mind, body and spirit, health and well-being, culture and civilizations, and religion and faith.

Alcuin investment in AVM

4th July, 2012

Alcuin Capital Partners is pleased to announce its majority investment in AVM Limited, a leading visual communications systems integrator in the UK, in a management buyout that will support the business’ continuing growth. The deal was supported by funding from the management team and mezzanine providers Indigo Capital.

Established in 1990, AVM is a leading visual communications systems integrator providing a complete range of video conferencing and audio visual services to the private and public sectors and includes many household names as clients.

Its services include supporting complex IP-based video networks, managing and maintaining telepresence suites, providing audio-conferencing, digital signage and equipping training rooms and presentation areas with state-of-the art technology.

Edward Cook, CEO of AVM, said: "Alcuin’s investment provides the business with a solid platform and further funding capacity to support AVM in its next stage of growth. We look forward to working with Alcuin as we enter this exciting phase in our development.".

Follow-on investment in Agrivert
Agrivert

29th March, 2012

Alcuin is pleased to announce a follow-on investment in Agrivert, a market leading organic waste management company operating across the UK. Agrivert is a specialist in anaerobic digestion ("AD"), in-vessel composting ("IVC"), green waste composting and the treatment and recycling of biosolids for the water sector.

The new investment will be used to fund the construction of the company’s second AD plant, following the successful construction in 2010 of Agrivert’s first 2.1MW AD plant in Cassington, Oxfordshire. Alcuin originally invested in Agrivert in 2009 to fund the construction of new AD and IVC plants to recycle food and green waste produced by Local Authority and commercial customers.

Follow-on investment in TVL
Tasker Insurance Group

2nd February, 2012

Alcuin Capital Partners is pleased to announce a follow-on investment in Tasker Insurance Group Limited, a company formed to acquire a controlling stake in Tasker & Partners, a successful Lloyd’s insurance broker.

The new investment will be used to fund the acquisition of Maestro Insurance Services Limited. Maestro is an independent retail broker providing commercial and motor solutions to businesses and individuals in the North West.

Final closing of the Third Alcuin Fund L.P.

07th November, 2011

Alcuin Capital Partners LLP has today announced the final closing of the Third Alcuin Fund L.P. which closed on target with £100 million in commitments.

Alcuin specialises in making £2-10 million investments in growth capital and buyout transactions in UK companies valued between £5 and £30 million across all sectors.

The team was founded by Mark Storey and Grace Henderson-Londoño after leaving BancBoston Capital and was recently joined by Adrian Lurie, with whom the founders have a long standing and successful working relationship. From its earlier funds, Alcuin made investments in successful companies such as Caffè Nero, one of the UK’s largest coffee retailers, Glide Technologies, a PR software business and Adapt, one of the UK’s fastest growing hosting and managed services companies.

The Third Alcuin Fund has already made five investments: Agrivert, a leading organic waste recycling and waste-to-energy company; AudioGo, the UK’s leading audiobook publisher; Tasker & Partners, a Lloyd’s insurance broker; Osprey, a niche publishing house; and Krispy Kreme, the UK’s leading high end doughnut retailer.

Commitments were made by a number of existing and new institutional investors and family offices across the UK, Europe and the US.

Elm Capital Associates Ltd acted as exclusive placement agent.

For more information, please contact:
Grace Henderson-Londono at Alcuin
+44 (0) 203 178 4089
Etienne Deshormes at Elm Capital
+44 (0) 207 901 8941

Alcuin exits Glide Technologies
Glide Technologies

21st October, 2011

Alcuin Capital Partners is pleased to announce that it has exited its investment in Glide Technologies, a leading London-based software-as-a-service (SaaS) provider specialising in corporate communications and reputation management, in a sale to NASDAQ OMX. Glide Technologies will be integrated into NASDAQ OMX's Corporate Solutions to create the first and only fully-integrated workflow solution for investor relations and public relations professionals. Alcuin first backed Glide Technologies and its CEO, Sam Phillips, in 2008.

Glide Technologies was founded in 2003 to provide online newsrooms to large corporate customers such as Sony, Honda, NBC Universal and PwC. From there, the business expanded its offering to include journalist relationship management, content management, contact databases, distribution and coverage-tracking.

As the Internet continued to influence the media and communications landscape, Glide Technologies developed tools to manage social media and blogger relations. The company has recently developed its latest product, GlideIntelligence, as a real-time high-volume sentiment analysis measurement platform that encompasses both traditional and social media.

Alcuin investment in Krispy Kreme UK
Krispy Kreme UK

14th October, 2011

Alcuin is pleased to announce its investment in Krispy Kreme UK the leading retailer of premium quality doughnuts, in a management buyout that will support its ambitious growth plans.

Krispy Kreme opened its first UK store in London in October 2003 and has since opened 45 stores across the UK, in key cities such as Manchester, Leeds, Birmingham and Bristol.

The company also operates more than 350 in-store cabinets with retail partners including Tesco. Over the next four years, the company will focus on growing its core business, which will take its total number of UK sites to 80 by 2015.

Richard Cheshire, joint managing director of Krispy Kreme UK, said: "We are delighted to bring Alcuin into the Krispy Kreme family in the UK, and look forward to working with Mark Storey and the team going forward."

Alcuin exits Adapt
Adapt

28th September, 2011

Alcuin Capital Partners has exited its investment in Adapt, a leading UK managed IT services provider, through an acquisition by Lyceum Capital. The transaction represents a successful exit for Alcuin, who first backed Adapt in an MBO led by Peter Knight in 2006.

Peter Knight founded the company in 2001, as the network services division of a family-owned office products business. Originally branded Mnet, the company developed a very successful hosting and co-location business with revenues of £7 million by 2006.

Rebranded Adapt in 2007, growth continued to be very strong and the product set was expanded to include managed services. The £6 million acquisition of Centric Telecom also increased revenues significantly.

Adapt continued to grow to revenues in excess of £30 million, and this was recognised by its inclusion for four years running in the Sunday Times Tech Track 100 league table which lists the fastest-growing privately owned TMT businesses in the UK.

Alcuin hires new partner

5th July, 2011

Alcuin is pleased to announce that Adrian Lurie has joined as a Partner. Adrian, a former Partner of Indigo Capital LLP who focused on UK transactions, has previously worked with the Partners at Alcuin on a number of highly successful deals including Menzies Hotels and Sorex Holdings.

"We are delighted that Adrian is joining us in the next phase of development at Alcuin", commented Grace Henderson-Londoño. "Both Mark Storey and I have known Adrian for over ten years, and have enjoyed a very successful working relationship together. As we begin to invest the Third Alcuin Fund which held a first closing in January 2011, we are very pleased that he has decided to join us at Alcuin."

Investment in Osprey Publishing
Osprey

17th June, 2011

Alcuin Capital Partners today announced its development capital investment, alongside existing private equity investors Botts Capital, in Osprey Publishing Ltd the world’s leading publisher of specialist illustrated books on a wide range of military topics. Based in Oxford, Osprey was founded in 1968 and is led by Managing Director Rebecca Smart.

Originally the business focussed on military publishing however, more recently, Osprey have expanded their offering into other niche imprints including heritage and fantasy. Our investment will facilitate further growth both organically and through acquisition.

Investment in Tasker Insurance Group
Tasker Insurance Group

4th May, 2011

Alcuin is pleased to announce its investment in Tasker Insurance Group Limited, a company formed to acquire a controlling stake in Tasker & Partners, a successful Lloyd’s insurance broker.

The business plan for Tasker is to continue the successful organic growth strategy as well as acquiring other speciality insurance brokers in the UK.

Alcuin holds closing on new fund

19th January, 2011

Alcuin Capital Partners LLP has reached a closing with £81 million of commitments on its third private equity fund, The Third Alcuin Fund LP. Alcuin makes £2-10 million growth capital and buyout investments in UK companies valued between £5 and £30 million across all sectors.

The team, led by Mark Storey and Grace Henderson-Londoño, who together founded Alcuin in 2002 after leaving BancBoston Capital, have made investments in successful companies such as Caffè Nero, one of the UK’s fastest growing retail food and beverage franchises, and Adapt, one of the UK’s fastest growing hosting and managed services companies.

The Third Alcuin Fund has already made two investments: the first in Agrivert, a leading organic waste recycling and waste-to-energy company, and the second in AudioGo, the UK’s leading audiobook publisher which was recently acquired from BBC Worldwide.

The fund is backed by a diverse group of institutional investors and family offices, including Alliance Trust Equity Partners, the European Investment Fund, Parish Capital Advisors, RenditeWertBeteiligungen (RWB) and a leading UK insurance company. Alcuin expects to hold a final closing on the fund, which has a target of £100 million by the end of 2011. Elm Capital Associates Ltd is acting as exclusive placement agent.

Investment in Martinspeed
Martinspeed

21st October, 2010

Alcuin Capital Partners today announced its investment in the management buyout of Martinspeed Ltd, a business established in 1975 to service the transport needs of artists, art collectors, dealers, commercial galleries, public galleries and museums in the UK and worldwide. The management team is led by Simon Sheffield and Christopher Kneale.

Martinspeed is situated in central London and its facilities include three warehouses with extensive temperature and climate controlled storage. The services offered by the company include storage, packing and crating, installation, transport, import and export of fine art.

Investment in AudioGo

13th July, 2010

Alcuin is pleased to announce its investment in AudioGo, a new company established to acquire a majority stake in BBC Audiobooks Ltd, from BBC Worldwide. AudioGo was formed by a group of seven investors including former head of PolyGram Films Michael Kuhn, former Rothschild bankers Stephen Louis and Jonathan Scherer, and media investors Mike Ross and Theo Fonternel.

Formed in 2001, BBC Audiobooks is a leading audio publisher in the UK. Its products are available on CD and in downloadable formats for retail and library markets. Following the sale, BBC Audiobooks will trade as AudioGo, and will continue to publish BBC-sourced content under the BBC Audiobooks imprint.

BBC Audiobooks last year recorded its one millionth download purchase, reflecting a 30% growth in digital sales on the previous year. This digital growth has helped the business secure wide visibility with audiences and fans online.

Paul Dempsey, Managing Director of BBC Worldwide’s Home Entertainment division, said: "The partnership with AudioGo Limited, announced today, will enable BBC Audiobooks to develop its catalogue and services under new ownership. This agreement mirrors the successful publishing joint ventures we have put in place for our books businesses."

Alcuin Investment in Agrivert
Agrivert

6th November, 2009

Alcuin is pleased to announce its investment in Agrivert, a leading UK organic waste management company founded in 1994. Operating across the UK, Agrivert works for Local Authorities and water companies in the specialist field of organic waste processing and recycling.

The investment will be used to fund the construction of new Anaerobic Digestion and In-Vessel Composting plants by Agrivert to recycle food and green waste produced by Local Authority and commercial customers.

Alcuin/Alpine investment in Wildnet

21st October, 2009

Alcuin is pleased to announce its investment through, Alpine Risk Services LLP, in Wildnet Limited. Wildnet is a market leading software business which provides front office solutions and consultancy services to the insurance and reinsurance industry.

Wildnet was founded over ten years ago and brings a unique business understanding, developed from decades of industry experience as both brokers and underwriters, by building customised solutions and software platforms for insurers, reinsurers, brokers and Managing General Agents.

Investment in Alpine Risk Services

29th January, 2009

Alcuin is pleased to announce its investment in Alpine Risk Services LLP, a platform company focused on acquiring and growing speciality insurance broking and underwriting agencies.

For its partners, Alpine offers backing with an insurance industry focus and will support insurance brokers, managing general agencies and ancillary businesses through their phases of growth.

Alpine is led by Francis de Zulueta, formerly of B.P. Marsh & Partners PLC, who has over 28 years of insurance and venture capital experience.

Investment in CW Environmental

5th February, 2009

Alcuin Capital Partners today announced its investment in CW Environmental, one of the UK's leading environmental companies for asbestos consultancy, training, surveying, asbestos remediation, land remediation and project management. Alcuin’s investment enabled CW Environmental to acquire the three complimentary asbestos businesses listed below, and will continue to support future growth.

Clearwater Environmental Ltd
Formed in 2006 to provide asbestos consultancy, training and project management. The company is UKAS accredited for Type 1, 2 and 3 surveys, bulk sampling and air monitoring.
www.clearwater-environmental.com

Woods Building Services Ltd (t/a AA Woods Asbestos Abatement)
Formed in 1994 and currently operating from three UK locations, providing a full and comprehensive asbestos remediation and asbestos management service.
www.aawoods.com

K & K Industrial Services Ltd
Formed in 1994 to provide a full and comprehensive asbestos remediation and reinstatement service, specialising in the social housing and local authority sector. Based in Stratford, East London.
www.kandkindustrial.com

Alcuin & Indigo exit investment in Sorex Holdings via trade sale to BASF

6th January, 2009

Alcuin is pleased to report the acquisition of Sorex Holdings Ltd by BASF, the German chemical company, for an undisclosed sum. The investment was co-led by Alcuin and Indigo Capital in 2004, and the recent exit represents a most satisfactory outcome.

Sorex manufactures rodenticide and general insect control products, and was originally an investment led by Alcuin in 1996 in a buy-out from Shell, which was successfully realised in a recapitalization in 2001.

After retaining a close relationship with the management team, Alcuin and Indigo co-led a subsequent £9.5m investment in 2004 to part-fund Sorex’s acquisition of Whitmire Microgen from Johnson Diversey. This created a strong global market position for the enlarged Sorex business in the niche pest-control market.

Alcuin and Indigo Capital had previously worked together on the successful investment in Menzies Hotels », which was led by the Alcuin team in 2000.

TTA acquires Worldchoice
Travel Trust Association

9th October, 2008

TTA Group the owner of the Travel Trust Association, a travel trade association, today completed the acquisition of Worldchoice, one of the UK’s largest consortia of travel agents. The merged company will have a combined membership of almost 900 travel agencies and tour operators. Worldchoice shareholders will receive 275p per share as a result of TTA’s £4.5 million offer.

The Travel Trust Association is a travel trade association, whose membership consists of Travel Agents, Tour Operators and Travel Organisers. The Travel Trust Association exists in order to offer 100 percent financial protection to consumers and has been doing so for over fifteen years.

Worldchoice is a buying consortium of travel agents established in 1976. Worldchoice currently has over 400 travel agency members, making it one of the largest High Street travel groups in the UK.

Augentius wins Fund Administrator of the Year award

8th October, 2008

Augentius Fund Administration has been named as the Private Equity Fund Administrator of the Year 2008 by Private Equity News in its third annual awards for Excellence in Advisory Services. The award comes soon after Global Custodian magazine’s Private Equity Fund Administration Survey 2008 named Augentius as the highest-rated fund administrator in London.

Augentius is a specialist provider of fund administration services to the Private Equity industry. Back-office and infrastructure support services offered by Augentius include assistance on fund establishment, maintenance of all accounting/financial records, production of quarterly reports for LPs and corporate governance.

Adapt PLC ranks 15th in the Tech Track 100
Adapt

28th September, 2008

Adapt PLC has been named, for the second year running, as one of the fastest growing technology companies in Britain according to the 2008 Tech Track 100, published by The Sunday Times. The Tech Track 100 is an annual ranking of Britain's fastest-growing private tech companies based on sales growth over the latest three years. Adapt has moved up in 2008 from 25th to the 15th fastest growing company in the survey.

Adapt is a Managed Services company specialising in co-location, data-hosting and other telecoms services. Adapt resells high quality co-lo capacity on behalf of Level3, Global Switch and BT to 1,000+ growing SME companies in the London area.

Investment in Glide Technologies
Glide Technologies

2nd April, 2008

Alcuin Capital Partners announced today its latest investment in Glide Technologies. The investment provides Growth Capital to support the continued growth of the company, which is based in London.

Glide provides integrated software and online services to the PR and press offices of blue-chip companies in the UK and around the world.

Alcuin closes first independent fund

7th December, 2007

Alcuin Capital Partners today announced the first closing of its first independent growth capital fund, backed by cornerstone commitments from Alliance Trust, Celox and Parish Capital alongside other investors.

The fund continues the team’s focus on equity and mezzanine investments in growing, profitable smaller-middle market companies.

Investment in TTA Group
Travel Trust Association

13th November, 2007

Alcuin Capital Partners today announced the buy-out of TTA Group the owner of The Travel Trust Association.

The Travel Trust Association is a travel trade association, whose membership consists of Travel Agents, Tour Operators and Travel Organisers. The Travel Trust Association exists in order to offer 100 percent financial protection to consumers and has been doing so for over fifteen years.

The transaction supported the existing management team and founder shareholders, who will also now be joined by Simon Hargreaves as Chief Executive. Previously a partner at Accenture, Simon most recently ran the direct-to-consumer insurance operations of Lloyds Abbey Life.

Centric acquisition by Adapt
Adapt

5th July, 2007

Alcuin Capital Partners announced today that Adapt had completed the acquisition of Centric Telecom, making it one of the UK’s specialist providers of internet access and co-location to the SME market in London. Centric was previously owned by Alchemy, the leading private equity firm.

Adapt is a Managed Services company specialising in co-location, data-hosting and other telecoms services.

Adapt resells high quality co-lo capacity on behalf of Level3, Global Switch and BT to 1,000+ growing SME companies in the London area.

Alcuin originally invested in Adapt in June 2006 to support the management buy-out of the business from the Margolis Group. Since the MBO the company has grown very strongly and was ranked 25th in the 2007 Techtrack 100 survey compiled by the Sunday Times.

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