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Primary Capital

Railway lines and associated services
Primary Capital exits Readypower in trade sale

Readypower was acquired in a management buyout in 2017

  • Exits
  • 01 February 2022
Online learning courses
Primary's ICS Learn to be acquired by IK-backed Skill & You

Company was expected to fetch a mid-teens EBITDA multiple, indicating an EV of around GBP 150m

  • Exits
  • 06 January 2022
The PEF sponsored triathlon
Primary Capital takes minority in Sigma Sports

Founders Ian Whittingham and Jason Turner will both remain with the company following the deal

  • Expansion
  • 23 February 2021
Biotechnology and medical sciences
Primary Capital backs Foster + Freeman MBO

Primary Capital typically invests £10-45m in companies with enterprise values of £20-100m

  • Buyouts
  • 13 August 2019
Printer supplies and machinery
Primary-backed ASL bolts on Reprotec

Acquisition comes a week after the GP acquired ASL in a secondary buyout from Mobeus

  • Portfolio management
  • 11 July 2019
IT infrastructure and server rooms
Primary Capital exits Esteem Systems after 14 years

Primary Capital backed the buyout of the IT services company in 2004 via its second fund

  • Exits
  • 12 October 2018
Social networks and online marketing services
Primary-backed Maru acquires Lissted

Maru Group has acquired local software firm Lissted as part of its acquisition strategy

  • Portfolio management
  • 21 September 2018
DIY tools and supplies
Primary Capital acquires VJ Technology in £30m carve-out

SIG said it was selling off its non-core assets to reduce its leverage

  • Buyouts
  • 27 June 2018
Apprenticeships and internships
Primary Capital backs SBO of ICS Learn from Par

Deal is the sixth investment made from the GP's fourth growth capital fund, which invests £10-45m

  • Exits
  • 09 May 2018
Market research and customer feedback
Primary-backed Maru acquires SynGro

Primary Capital injected £45m growth capital in Maru Group in February 2016

  • Portfolio management
  • 10 July 2017
B2B printing business Pixartprinting
Primary acquires Metamark in £62m MBO

Deal for the sign vinyl and digital printing business is the fifth investment from the GP's fourth fund

  • Buyouts
  • 26 May 2017
Gardening tools and supplies
Primary Capital reaps 2.9x on Thompson & Morgan sale to BVG

Sale of the horticultural retailer comes 15 years after the vendor's initial investment

  • Exits
  • 08 March 2017
Market research and customer feedback
Primary Capital's Maru acquires Usurv

Deal value and financial terms for the bolt-on were undisclosed

  • Expansion
  • 02 February 2017
New hires and promotions
Primary Capital promotes Richard to assistant director

London-based private equity firm is currently investing from its fourth fund

  • People
  • 05 January 2017
London tourism and Trafalgar Square
Exponent acquires Leisure Pass from Primary Capital

Secondary buyout of the tourist pass business is understood to be valued at below £150m

  • Buyouts
  • 16 December 2016
Merino picks up Tobar from Primary Capital

Tobar Group, the operator of Hawkin's Bazaar, fell into administration in December 2011

  • Buyouts
  • 12 January 2016
Permira refinances Primary's Paperchase

Deal includes £32m six-year term loan

  • Restructuring
  • 02 November 2015
Ardian's ADA Cosmetics bolts on Primary-backed Pacific Direct

Deal marks cosmetics producer's second acquisition under GP's tenure

  • Exits
  • 04 September 2015
unq2502-manchester-future
Northern powerhouse: the next Silicon Valley?

Manchester looks set to be a major hub for European start-ups

  • UK / Ireland
  • 25 February 2015
Primary backs MBO of GatenbySanderson

Executive recruitment firm to expand its operations

  • UK / Ireland
  • 12 November 2014
Primary Capital mulls Paperchase sale

Reported £150m offer made for UK stationery chain

  • UK / Ireland
  • 14 October 2014
Primary Capital hires Gresham’s Wolstenholme

New partner Iain Wolstenholme to remain based in Manchester

  • UK / Ireland
  • 01 September 2014
Primary Capital holds £225m final close for fourth fund

Fund held first close in February on £150m

  • UK / Ireland
  • 23 July 2014
Primary's Amtech acquires Artra's BIM business

Primary Capital portfolio company Amtech has acquired the building information modelling (BIM) business of Artra Ltd.

  • Portfolio management
  • 19 March 2013
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