Silverfleet Capital

Last updated
Silverfleet Capital
Company typeLimited liability partnership
Industry Private equity firm
Founded1985;39 years ago (1985)
Headquarters London, United Kingdom
ProductsPrivate Equity Funds, Leveraged buyouts
Website www.silverfleetcapital.com

Silverfleet Capital is a regionally focused European mid-market private equity firm.

Silverfleet is an independent firm, owned by its partners, and invests on behalf of a diversified group of international institutional investors. Silverfleet Capital specialises in mid-market private equity investment, [1] in international companies operating in a number of different countries, where there is an opportunity to accelerate growth from buy and build and roll-out strategies. [2] It invests across four sectors: healthcare, services, consumer and manufacturing. [3] [4]

In August 2006, Silverfleet Capital Partners LLP was established. [5]

In 2014, Silverfleet backed SPAC Mirror Bidco in its acquisition of AGR Holdings AS from AGR Group ASA. [6]

In June 2015, Silverfleet acquired the Danish clothing company Masai. [7] [8] In November 2015, Silverfleet sold the British footwear retail chain Office to South African fashion retailer Truworths for £256m, achieving a 3.4 x return on its 2010 purchase from Scottish entrepreneur Tom Hunter. [9] [10]

In 2016, Silverfleet Capital sold meat product casings manufacturer Kalle Group to investors managed by Clayton, Dubilier & Rice (CD&R). Silverfleet had acquired a majority stake in Kalle Group in 2009. [11] [12]

In November 2017, Silverfleet Capital sold Berlin based Competence Call Center Group (CCC) back to Ardian, formerly AXA Private Equity. [13] [14] Silverfleet had acquired a majority share from Ardian four years earlier in 2013. [15] In December 2017, Silverfleet acquired a majority stake in Riviera Travel, a river cruise and tour operator focused on the "over-55s". [16] [17]

In July 2021, Silverfleet abandoned its fundraising for its third fund refocusing on follow-on investments and realizations of its portfolio. [18] [19]

A majority stakeholder in German Pumpenfabrik Wangen for five years, [20] Silverfleet sold its stake to Atlas Copco for an undisclosed amount in 2022. [21] [22] In July 2022, Silverfleet sold Prefere Resins, a company specializing in phenolic and melamine resins acquired in 2018 from Prefere Resin management, capiton AG and Intermediate Capital Group, [23] to US private equity firm One Rock Capital Partners. [24] [25]

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References

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  3. "Silverfleet Capital investment portfolio | PitchBook". pitchbook.com. Retrieved 2024-12-29.
  4. Alves, Joice (2019-04-25). "Silverfleet Agrees to Buy Fertility Clinics From Bowmark". Wall Street Journal. ISSN   0099-9660 . Retrieved 2024-12-29.
  5. "Silverfleet Capital Partners LLP - Company Profile - Endole". suite.endole.co.uk. Retrieved 2023-12-06.
  6. "AGR's Petroleum Services division sold to Silverfleet Capital - Alpha Corporate". www.alpha.no. Retrieved 2023-12-13.
  7. Bollen, Jennifer (2015-06-24). "Silverfleet Buys Danish Clothing Business as Retail Deals Surge". Wall Street Journal. ISSN   0099-9660 . Retrieved 2023-12-06.
  8. "Silverfleet acquires Masai Clothing Company". Private Equity Wire. 24 June 2015. Retrieved 6 December 2023.
  9. Ratcliffe, Madeline (2015-11-30). "Silverfleet Capital sell Office for £256m to South African retailer Truworths, more than tripling its money". CityAM. Retrieved 2023-12-05.
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  11. "Silverfleet ties up €215.5m Kalle buy-out". www.ft.com. Retrieved 2023-12-15.
  12. Corbin, Tony (2016-05-03). "Silverfleet Capital sells meat product casings manufacturer Kalle". Packaging News. Retrieved 2023-12-15.
  13. Ballard, Ed. "Ardian Buys Call Centre Operator Back from Silverfleet". www.penews.com. Retrieved 2023-12-17.
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  23. MarketScreener (2018-05-11). "Silverfleet Capital Partners entered into a binding contract to acquire a majority stake in Prefere Resins Holding GmbH from capiton AG, Intermediate Capital Group plc and the management. -May 10, 2018 | MarketScreener". www.marketscreener.com. Retrieved 2023-12-13.
  24. Keighley, Tom (2022-07-26). "Newton Aycliffe's Prefere Resins acquired by US private equity firm". Business Live. Retrieved 2023-12-13.
  25. Lindholm, Nina (2022-07-26). "One Rock Capital Partners acquires Prefere Resins from Silverfleet Capital". PE Hub Europe. Retrieved 2023-12-13.