Duke Street
Duke Street is a London mid-market private equity firm investing in Western European consumer, healthcare, industrials and services businesses with enterprise values between EUR 50 million and EUR 350 million. Founded in 1988 as Hambro European Ventures and spun out from Hambros Bank in 1998, it has invested over EUR 2.5 billion across more than 50 companies and raised approximately GBP 2.6 billion since inception. Tikehau Capital acquired a 35 percent stake in the firm in 2013. Its fund manager Duke Street V Limited is authorised and regulated by the UK Financial Conduct Authority under firm reference number 194782.
Duke Street is a London buyout firm with €3.0B AUM, 10 active companies and 7 exits.
- ·4 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 7 realized deals: 8 years.
- ·Top sector focus: Hospitality (29% of portfolio).
Sector breakdown
17 companiesGeography breakdown
4 geographiesKey facts
Recent exits
Duke Street sold Great Rail Journeys to Vitruvian Partners in 2025 after 7 years.
Duke Street sold The Original Factory Shop to Modella Capital in 2025 after 18 years.
Duke Street sold Medi-Globe Group to DCC Healthcare in 2022 after 6 years.
Duke Street sold Voyage Care to Wren House Infrastructure in 2022 after 8 years.
Coverage notes
2 funds tracked, 17 portfolio companies (10 active · 7 realized). Verified weekly from public filings and deal announcements.
Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
Funds & portfolio
Every fund Duke Street has raised, with its portfolio companies. Hand-checked from public filings.
DS Cornerstone FundBuyout2017€126M9 assets1 exitsBuyout2017 · 9yr€126M91
Unrealized
9 held| Company | Entry |
|---|---|
| A-rosa Hospitality · Germany | 2017 |
| A-ROSA River Cruises Hospitality · Germany | 2018 |
| Agito Medical HealthTech · Denmark | 2024 |
| Compo Consumer · Germany | 2021 |
| Kent Pharmaceuticals Pharma · UK | 2019 |
| McAvoy Construction · UK | 2025 |
| Suir Engineering Construction · Ireland | 2022 |
| Teamsport Hospitality · UK | 2017 |
| Unora MedTech · Germany | 2024 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Great Rail Journeys Hospitality · UK | 2018 | 2025 | Trade Sale | Vitruvian Partners | – |
Duke Street Capital VIBuyout2006€963M1 assets6 exitsBuyout2006 · 20yr€963M16
Unrealized
1 held| Company | Entry |
|---|---|
| Ardent Hire Solutions Business Services · UK | 2015 |
Realized
6 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Baywater Healthcare Healthcare · UK | 2013 | 2017 | Trade Sale | Bastide Group | – |
| Medi-Globe Group MedTech · Germany | 2016 | 2022 | Trade Sale | DCC Healthcare | – |
| Payzone Business Services · Ireland | 2010 | 2015 | Trade Sale | Grovepoint Capital | – |
| The Original Factory Shop Consumer · UK | 2007 | 2025 | Trade Sale | Modella Capital | – |
| Voyage Care Healthcare · UK | 2014 | 2022 | Secondary | Wren House Infrastructure | – |
| Wagamama Hospitality · UK | 2011 | 2018 | Trade Sale | The Restaurant Group | – |
About Duke Street
Duke Street is a UK mid-market private equity firm with approximately $2.5 billion of cumulative capital raised (£2.6 billion across 6 plus funds since inception) as of December 2024, headquartered in London. The firm was founded in 1988 as Hambro European Ventures (the private equity arm of Hambros Bank) before spinning out as Duke Street in 1997. The firm operates as a partner-owned independent sponsor model with substantial co-investment by the team in each deal.
Investment thesis
Duke Street deploys capital through six historical institutional funds plus deal-by-deal vehicles since the 2014 pivot to a hybrid independent sponsor model, targeting mid-market buyouts and growth capital in companies with enterprise values of €50 million to €350 million. Sector focus spans consumer, healthcare, industrials and engineering and services, with geographic deployment across the UK and Ireland core plus broader Western Europe (notably France). The independent sponsor model enables bespoke fund structures and exclusive non-auction origination supported by deep operating partner involvement.
Recent activity
Recent realised exits include consumer and travel (Great Rail Journeys, May 2025). Recent acquisitions include industrials and modular construction (McAvoy, October 2025), healthcare and ostomy care (ForLife and Trio, December 2024) and healthcare and medical imaging (Agito Medical, July 2024). The platform continues active deployment across the deal-by-deal independent sponsor model.
Frequently asked questions
- What investment strategy does Duke Street focus on?
- Duke Street focuses on Buyout strategies in the private equity space.
- How many portfolio companies does Duke Street have?
- Duke Street has 10 active portfolio companies and 7 completed exits and 2 funds tracked on GP Intel.
- Where is Duke Street headquartered?
- Duke Street is headquartered in London, United Kingdom.
- What is Duke Street's assets under management?
- Duke Street manages approximately €3.0B in assets under management.
- When was Duke Street founded?
- Duke Street was founded in 1998.
- What sectors does Duke Street invest in?
- Duke Street invests across Consumer, Healthcare, Industrials, Business Services.
- What are Duke Street's recent exits?
- Recent realized exits by Duke Street include: Great Rail Journeys (2025) to Vitruvian Partners; The Original Factory Shop (2025) to Modella Capital; Medi-Globe Group (2022) to DCC Healthcare; Voyage Care (2022) to Wren House Infrastructure; Wagamama (2018) to The Restaurant Group; Baywater Healthcare (2017) to Bastide Group; Payzone (2015) to Grovepoint Capital.
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