• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deals search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
Unquote
  • Exits

Lonsdale exits P2 to Waterland-backed Valcon

  • Rachel Lewis
  • 21 December 2021
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

Lonsdale Capital Partners has sold digital transformation consultancy P2 Consulting to Waterland Private Equity-backed Valcon for a 2.7x return on investment.

P2's revenues grew by 2.5x under Lonsdale's ownership, reaching GBP 23m in 2021. Lonsdale took a majority stake in the company in a management buyout in 2016. During that tenure, P2 made two acquisitions, bolting on financial crime specialist FS101 and business technology consultancy Certeco, both in 2017.

Existing management have rolled some proceeds over into Valcon, a source close to the company confirmed.

P2 Consulting

  • DEAL:

    Trade sale

  • LOCATION:

    London

  • SECTOR:

    Business support services

  • FOUNDED:

    2013

  • TURNOVER:

    GBP 23m

  • VENDOR:

    Lonsdale Capital Partners

  • RETURNS:

    2.7x

It is the fifth exit this year for Lonsdale, and the fourth from its current fund, Lonsdale Capital Partners, which closed in April 2016 on its hard-cap of £110m.

This year, Lonsdale previously exited Cross Rental Services (CRS), a cooling and heating specialist; mortgage broker Charles Cameron; flexible plastic package group Amerplast; and superyacht maintenance company GYG.

Buyer Valcon is backed by Waterland, which has been consolidating the consultancy services sector. Waterland merged its portfolio consultancy businesses First Consulting, Valcon and Viqtor Davis in February 2021 to make a group with €100m in revenues and 800 employees.

Company
P2 Consulting was founded in 2013 and primarily operates in the UK. It provides project management services to support digital transformation at large blue-chip corporates in rent, utilities and financial services. It has around 30 active clients at any one time. 

People
Lonsdale Capital Partners
– David Gasparro (partner).
P2 Consulting – Pip Peel (founder and executive chairman); Phil Rolfe (CEO).

Advisers
Vendor
– Clearwater International (M&A); Burness Paull (M&A); Alvarez & Marsal (financial due diligence); LEK Consulting (commercial due diligence).
Management – Osborne Clarke (M&A).

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Exits
  • Lonsdale Capital Partners
  • Waterland Private Equity
  • United Kingdom
  • Clearwater

More on Exits

Crop-spraying machines
NB Renaissance, Chequers to exit Biolchim to trade

US conglomerate J.M. Huber has agreed to buy the Italian specialty fertilizers producer

  • Exits
  • 09 August 2022
Warehousing transport and supply chain management services for healthcare companies
ArchiMed reaps 4x on Bomi sale to UPS

Deal is first full exit from specialist healthcare investor's maiden mid-market fund

  • Southern Europe
  • 09 August 2022
Cybersecurity and digital access restriction services
IK Partners readies Nomios for upcoming sale process

Bank of America will advise on the auction for the Dutch IT services group, formerly known as Infradata

  • Exits
  • 05 August 2022
Fondo Italiano will widen its focus
Pinova sells Sill Optics to DPE

Sale of German precision optics manufacturer agreed in bilateral deal

  • Exits
  • 04 August 2022

Latest News

Crop-spraying machines
  • Exits
NB Renaissance, Chequers to exit Biolchim to trade

US conglomerate J.M. Huber has agreed to buy the Italian specialty fertilizers producer

  • 09 August 2022
Warehousing transport and supply chain management services for healthcare companies
  • Southern Europe
ArchiMed reaps 4x on Bomi sale to UPS

Deal is first full exit from specialist healthcare investor's maiden mid-market fund

  • 09 August 2022
daniel-beringer
  • GPs
GP Profile: Greenpeak Partners on emerging manager fundraising and specialisation

Buy-and-build specialist looks for portfolio add-ons as it contemplates hitting the road for a new fund in 2023

  • 08 August 2022
Nick Roelofs  Anna Ryrberg Tommi Unkuri and Gustavo Salem of Summa Equity
  • People
Summa opens North American office

Three existing partners will lead the California office, which is the GP’s first beyond Europe

  • 08 August 2022
Back to Top

Most read

Crop-spraying machines
NB Renaissance, Chequers to exit Biolchim to trade
Warehousing transport and supply chain management services for healthcare companies
ArchiMed reaps 4x on Bomi sale to UPS
daniel-beringer
GP Profile: Greenpeak Partners on emerging manager fundraising and specialisation
Nick Roelofs  Anna Ryrberg Tommi Unkuri and Gustavo Salem of Summa Equity
Summa opens North American office
Leaving the company
Carlyle CEO Kewsong Lee steps down after two years
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013