Elysian Capital
Elysian Capital LLP is a London lower and mid-market private equity firm founded in 2007 by Ken Terry and Chai Patel, backing management buyouts of profitable UK and Ireland businesses with enterprise values of around GBP 20m to GBP 100m. It has raised three funds: Elysian Capital I (GBP 130m, 2010), Elysian Capital II (GBP 250m, 2015) and Elysian Capital III (GBP 325m, 2020). The firm is authorised and regulated by the UK Financial Conduct Authority under firm reference number 476691.
Elysian Capital is a London buyout firm with 11 active companies and 13 exits.
- ·7 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 13 realized deals: 7 years.
- ·Best return: 6.0x MOIC on BXTAccelyon (2026).
- ·Top sector focus: Business Services (29% of portfolio).
- ·Fund cadence: ~6Y between vintages · last raise 2020.
Sector breakdown
24 companiesGeography breakdown
2 geographiesKey facts
Recent exits
Elysian Capital sold BXTAccelyon to Management in 2026 after 13 years.
Elysian Capital exited Fastway Couriers in 2025 after 3 years.
Elysian Capital sold Key Travel to Trip.com in 2025 after 7 years.
Elysian Capital sold Sambro International to HTI Group in 2024 after 8 years.
Coverage notes
3 funds tracked, 24 portfolio companies (11 active · 13 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Elysian Capital has raised, with its portfolio companies. Hand-checked from public filings.
Elysian Capital IIIBuyout2020€380M7 assets1 exitsBuyout2020 · 6yr€380M71
Unrealized
7 held| Company | Entry |
|---|---|
| Activate Group Business Services · UK | 2024 |
| Cross Rental Services Industrials · UK | 2021 |
| D3O Industrials · UK | 2021 |
| Eton Bridge Partners Business Services · UK | 2021 |
| Gravity Global Business Services · UK | 2021 |
| IMS Euro Healthcare · UK | 2025 |
| Wholebake Consumer · UK | 2021 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Fastway Couriers Business Services · Ireland | 2022 | 2025 | – | – | – |
Elysian Capital IIBuyout2015€293M4 assets4 exitsBuyout2015 · 11yr€293M44
Unrealized
4 held| Company | Entry |
|---|---|
| Aspirations Care Healthcare · UK | 2019 |
| Kinetic Solutions Group Industrials · UK | 2020 |
| Mergon Industrials · Ireland | 2019 |
| Raymond Brown Construction · UK | 2016 |
Realized
4 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Key Travel Business Services · UK | 2018 | 2025 | Trade Sale | Trip.com | – |
| Sambro International Consumer · UK | 2016 | 2024 | Trade Sale | HTI Group | – |
| The Pebble Group Business Services · UK | 2017 | 2019 | IPO | – | 4.3x |
| United Living Construction · UK | 2017 | 2023 | Trade Sale | Apollo Global Management | – |
Elysian Capital IBuyout2008€152M0 assets8 exitsBuyout2008 · 18yr€152M08
Realized
8 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Axis Well Technology Energy · UK | 2013 | 2023 | Trade Sale | RSK Group | – |
| BXTAccelyon Healthcare · UK | 2013 | 2026 | MBO | Management | 6.0x |
| IPS Specials Pharma · UK | 2010 | 2022 | MBO | Management | – |
| Kelling Group Industrials · UK | 2014 | 2018 | Trade Sale | Alinda Capital Partners | – |
| Tekmar Energy ClimateTech · UK | 2011 | 2018 | IPO | – | – |
| The Landscape Group Business Services · UK | 2008 | 2015 | Trade Sale | Idverde | – |
| Volvox Group Mobility · UK | 2011 | 2015 | Trade Sale | Rubicon Partners | – |
| Wellbeing Software HealthTech · UK | 2014 | 2020 | Trade Sale | The Citadel Group | 4.5x |
About Elysian Capital
Elysian Capital is a UK and Ireland lower-mid-market private equity firm with approximately £700 million of cumulative assets as of December 2024 (Fund III closed October 2020 at £325 million hard cap), headquartered in London. The firm was founded in 2007 by Ken Terry and Mark Puttick (Mark Puttick now CEO) and operates as a partner-owned LLP with unusually high personal capital commitments by partners. The 'More than a private equity firm. We're true partners' positioning reflects the partner-aligned model with significant personal capital commitments above industry norms.
Investment thesis
Elysian Capital deploys capital through three flagship funds (Elysian Capital I, II, III), targeting UK and Ireland lower-mid-market private equity acquiring majority stakes in growth businesses valued £20-100 million. The strategy emphasises partnership with entrepreneurial management teams plus operational value creation. Sector focus spans healthcare, business services, industrials, energy and utilities, business goods and marketing services. Geographic deployment is UK and Ireland core with US expansion support for portfolio companies.
Recent activity
Recent realised exits include industrials (Elysian II portfolio realisations, December 2025) and healthcare and industrials (United Living, 2023). Recent acquisitions include healthcare (IMS Euro, veterinary consumables, April 2025), business services (Activate Group, accident management, January 2024) and marketing services (Avant Group bolt-on for Gravity Global, July 2025; Gravity Global US bolt-ons, September 2025). The platform continues active deployment across the partner-aligned lower-mid-cap mandate.
Frequently asked questions
- What investment strategy does Elysian Capital focus on?
- Elysian Capital focuses on Buyout strategies in the private equity space.
- How many portfolio companies does Elysian Capital have?
- Elysian Capital has 11 active portfolio companies and 13 completed exits and 3 funds tracked on GP Intel.
- Where is Elysian Capital headquartered?
- Elysian Capital is headquartered in London, United Kingdom.
- When was Elysian Capital founded?
- Elysian Capital was founded in 2007.
- What sectors does Elysian Capital invest in?
- Elysian Capital invests across Healthcare, Industrials, Business Services, Consumer, Energy.
- What are Elysian Capital's recent exits?
- Recent realized exits by Elysian Capital include: BXTAccelyon (2026) to Management, 6.0x; Key Travel (2025) to Trip.com; Sambro International (2024) to HTI Group; United Living (2023) to Apollo Global Management; Axis Well Technology (2023) to RSK Group; IPS Specials (2022) to Management; Wellbeing Software (2020) to The Citadel Group, 4.5x; Kelling Group (2018) to Alinda Capital Partners.
Similar firms
Other private equity firms tracked on GP Intel.