• 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
  • Buyouts

Bregal invests in Redstor; Beech Tree exits

  • Harriet Matthews
  • Harriet Matthews
  • 11 January 2022
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

Bregal Milestone has invested in UK-based data management platform Redstor; the deal sees previous shareholder Beech Tree Private Equity fully realise its investment.

Bregal Milestone and Redstor founder Paul Evans will own a controlling stake in the company.

Beech Tree Private Equity acquired Redstor in November 2017, investing via Beech Tree Private Equity Fund II. The fund held a final close in June 2017 on GBP 115m, and writes equity tickets of GBP 10m-40m, aiming to back businesses in fast-growing sectors. Clydesdale and Yorkshire Bank provided debt to back the buyout.

Redstor

  • DEAL:

    SBO

  • LOCATION:

    Reading

  • SECTOR:

    Software

  • FOUNDED:

    1998

  • TURNOVER:

    GBP 9.2m

  • VENDOR:

    Beech Tree Private Equity

During the investment period, Beech Tree assisted Redstor with the expansion of its product capabilities, including cloud applications and artificial intelligence, the GP said in a statement. The company also developed its sales and marketing strategy.

The deal is the second investment from Bregal Milestone II, which the GP registered in July 2021, as reported. The fund is expected to follow the strategy of its predecessor, generally investing EUR 20m-60m in Europe-based technology, healthcare, business services, consumer, high-value manufacturing and financial services. Bregal Milestone makes investments in the form of growth capital, structured equity, and debt, but can also make buyout deals.

Bregal's growth plans for Redstor include supporting the company with its expansion to the US.

Company
Founded in 1998, Redstor is a data management platform that allows managed service providers (MSP) and channel companies serving the mid-market to manage and protect customer data. Its software aims to combat ransomware and malware attacks, as well as reduce downtime and to ensure that companies adhere to global regulatory data protection standards.

The company reported revenues of GBP 9.45m and EBITDA of GBP 1.15m at the time of its acquisition by Beech Tree. According to its latest publicly available financial statements, it posted 2020 revenues of GBP 9.2m and gross profit of GBP 4.8m, versus GBP 8.8m in sales and revenues of almost GBP 4.8m in 2019.

People
Beech Tree Private Equity – Ben Cartwright (investment director).
Redstor – Paul Evans (CEO).
Bregal Milestone – John Hales (principal).

Advisers
Vendor – Results (corporate finance); Osborne Clarke (legal).
Equity – Goodwin (legal); Deloitte (financial due diligence, tax); Endava Private Equity Group (technology due diligence).

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Buyouts
  • Exits
  • UK / Ireland
  • Technology
  • Secondary buyout
  • United Kingdom
  • Bregal Investments

More on Buyouts

Clinical trials and biotechnology
Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

  • Buyouts
  • 04 September 2023
EMEA Public to Private M&A
Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

  • Investments
  • 04 September 2023
HR software solutions providers
Main Capital’s Assessio to be sold to Pollen Street

Recruitment software company tripled in revenue under Main Capital’s ownership

  • Buyouts
  • 25 August 2023
Ice cream
Exponent divests ‘significant' stake in Meadow to Canadian investor

Since 2018, GP has diversified food ingredients company's focus beyond commodity dairy

  • Exits
  • 22 August 2023

Latest News

Fund closes in US dollars
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote

  • 05 September 2023
Clinical trials and biotechnology
  • Buyouts
Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

  • 04 September 2023
Public sector software
  • Exits
Partners Group to release IMs for Civica sale in mid-September

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
EMEA Public to Private M&A
  • Investments
Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

  • 04 September 2023
Back to Top
  • 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