INVESTMENT APPROACH


Find out more about our investment approach

Core Capital provides a flexible investment approach tailored to the needs of each business.

We work closely with our management teams to add value in:

  • Formulating strategic plans

  • Optimising senior team structure and focus

  • Scaling operations in regional or international expansion

  • Executing bolt-on acquisitions

  • Refinancing’s

  • Exit preparation; a discipline that starts on day 1

Our experience of growing and selling businesses has been gained both as entrepreneurs and investors.

We are a small team and personally invested in the funds we manage, so we are fully focused on making every deal a success.

Ultimately, our track record demonstrates that we deliver results.

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£218mFunds raised to date
2.8xMoney multiple achieved on realised investments
4xRevenue growth across investments since 2005
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Portfolio news: Avonside Group Services


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Core Capital invests in Avonside Group to accelerate its expansion

 

Core Capital Partners LLP (“Core”), the UK lower mid-market private equity group, completed in August an investment into Avonside Group Services, the UK market leader in new build residential roofing and a leading installer of Commercial and Industrial roofing systems, becoming the first institutional shareholder in the business. The investment will allow Avonside to accelerate its expansion plans.

Avonside has 29 branches across the UK and has grown, to date, both organically and by a series of acquisitions. The most recent acquisition was Bracknell Roofing, completed the day after Core’s investment.

Core Capital is an experienced provider of growth capital, investing up to £25m in UK fast growing businesses, and partnering with ambitious management teams looking to scale their operations and accelerate growth. This investment is made from the Core Capital Partners II LP fund raised in 2015.

The existing Management team is led by Tony Burke as Executive Chairman and Andrew Morley as Group Operations Director.  Stephen Edwards, Managing Partner at Core Capital, also joins the Board.
 
Tony Burke, Executive Chairman, commented: “Since leading the MBO of Avonside in 2003, we have grown with reliance on internally generated cashflow and have created a national, market leading roofing business. Bringing in an external institutional investor who has seen and supported rapid growth across a range of businesses will bring a new perspective to our board and help accelerate our success.”

Stephen Edwards, Managing Partner, Core Capital: “Avonside is already a very successful business, with a high quality management team and a strong presence with its major customers. With our experience in rapidly growing companies, we see considerable opportunity for Core to support Avonside as it further builds on its market leading position, driven in part by the favourable dynamics of the UK new housebuilding market.”

The investment follows on from Core Capital’s exit of AlliedPRA in August. Core Capital’s current portfolio of companies includes Brasserie Blanc, Ark Home Healthcare, Turbine Efficiency and Cording Real Estate Group.

 

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Core Capital news


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Core Capital exits AlliedPRA to CI Capital Partners

 

Core Capital Partners LLP (“Core”), the UK lower mid-market private equity fund, announces today that it has sold its investment in AlliedPRA, the largest destination and event management company (DMC) in the USA, through a management buyout supported by US mid-market private equity fund, CI Capital Partners. 

This is the second major exit for Core Capital Partners II LP (CCP IILP) since the fund was closed in 2015, and has now returned over 40% of the capital invested.

Core originally invested in AlliedPRA in 2009 when the company was UK headquartered.  Over the period, Core helped the company exit its underperforming European operations as well as provided capital to support its acquisition program.  Using this additional capital, the US business, which experienced significant organic growth, made 8 bolt-on acquisitions.  Core Capital exits AlliedPRA today as the market leading DMC in the USA with over $100m in annual revenues and 26 destination offices. 

David Steel, Partner and deal lead at Core, said: “We are proud to have been part of the AlliedPRA journey. When we first looked at AlliedPRA, we saw an opportunity to invest in a business which had exciting growth opportunities but required a large amount of hands on support. While this made the transaction less attractive for others, we were able to eliminate much of the risk at entry and allow the business to grow.  We focussed our time and capital into the development of the platform, driving the acquisition strategy and helping to recruit a best in class management team, which has transformed the business into the clear market leader in the USA. This is another example of our growth driven approach and hands-on support model that we bring to companies to ensure management teams have the capacity to pursue aggressive expansion opportunities.”

Tony Lorenz, CEO of AlliedPRA said "Core Capital entered into this business at arguably the toughest economic period in our lifetime. They took on significant risk and worked hard over several years to put AlliedPRA in position to build value and extend AlliedPRA’s leadership in the DMC sector of the Business Events industry.”

JEGI (www.jegi.com) acted as sell-side advisors to Core Capital, with Baker Hostetler (www.bakerlaw.com ) acting as legal advisors.

The remaining companies in Core Capital’s current portfolio are, Brasserie Blanc, Ark Home Healthcare, Turbine Efficiency and Cording Real Estate Group

 

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