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Endless

Endless

Leeds, United Kingdom·Founded 2005··endlessllp.com

Endless LLP is a Leeds-headquartered UK private equity investor specialising in turnaround, special situations and transformational buyouts. Founded in December 2005, the firm operates from Leeds, London and Manchester with over GBP 1.5 billion in funds under management. Endless invests in UK businesses with revenues of GBP 50 million to GBP 1 billion through its main Endless Fund series, and separately manages the Enact SME Fund targeting businesses with revenues of GBP 10 million to GBP 50 million. Authorised and regulated by the Financial Conduct Authority under Firm Reference Number 474096.

AUM
€1.8B
Funds
4
vintages 2014–2022
Portfolio
15
Exits
28

Key facts

HQLeeds, United Kingdom
Founded2005

Recent exits

Hovis
Hovis
Consumer2026 · 6yr hold
American Golf
American Golf
Consumer2026 · 8yr hold
Greenray Turbine Solutions
Greenray Turbine Solutions
Aerospace & Defence2025 · 6yr hold
Kennelpak
Consumer2025 · 8yr hold

Coverage notes

4 funds tracked, 43 portfolio companies (15 active · 28 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

43 companies
Consumer
16 · 37%
Industrials
10 · 23%
Business Services
6 · 14%
Aerospace & Defence
2 · 5%
Logistics
2 · 5%
FoodTech
2 · 5%
Healthcare
1 · 2%
Education
1 · 2%

Funds & portfolio

Every fund Endless has raised, with its portfolio companies. Hand-checked from public filings.

4 funds
Enact Fund IIISmall-Mid Buyout
2022 · 4yr€117M9 active · 4 realized

Unrealized

9 held
Accrofab
AccrofabActive
IndustrialsUK· Entry 2023
IndustrialsUK· Entry 2026
IndustrialsUK· Entry 2025
Business ServicesUK· Entry 2025
HealthcareUK· Entry 2022
Qualter Hall
Qualter HallActive
IndustrialsUK· Entry 2019
LogisticsUK· Entry 2022
ConsumerUK· Entry 2023
IndustrialsUK· Entry 2025

Realized

4 exits
Aerospace & DefenceUK· Entry 2019
Trade Saleto
KennelpakExited 2025
ConsumerUK· Entry 2017
Trade Saleto
Stirling DynamicsExited 2018
Aerospace & DefenceUK· Entry 2014
Trade Saleto
FoodTechUK· Entry 2014
Trade Saleto
Endless Fund VTurnaround
2020 · 6yr€468M2 active · 6 realized

Unrealized

2 held
ASCO
ASCOActive
Business ServicesUK· Entry 2023
Veloris
VelorisActive
IndustrialsUK· Entry 2025

Realized

6 exits
ConsumerUK· Entry 2021
Trade Saleto
BSW TimberExited 2021
IndustrialsUK· Entry 2020
Trade Saleto
Findel Education
Findel EducationExited 2024
Business ServicesUK· Entry 2021
Trade Saleto
Hovis
HovisExited 2026
ConsumerUK· Entry 2020
Trade Saleto
Karnova Food Group
Karnova Food GroupExited 2025
ConsumerUK· Entry 2022
Trade Saleto
KTC EdiblesExited 2025
FoodTechUK· Entry 2022
Trade Saleto
Enact Fund IISmall-Mid Buyout
2019 · 7yr€35M0 active · 2 realized

Realized

2 exits
Edbro
EdbroExited 2025
IndustrialsUK· Entry 2021
Trade Saleto
Realise Training
Realise TrainingExited 2025
EducationUK· Entry 2020
Trade Saleto
Endless Fund IVTurnaround
2014 · 12yr€614M4 active · 16 realized

Unrealized

4 held
ConsumerUK· Entry 2015
Business ServicesUK· Entry 2015
ConsumerUK· Entry 2015
LogisticsUK· Entry 2018

Realized

16 exits
Affinity Workforce
Affinity WorkforceExited 2018
Business ServicesUK· Entry 2017
Trade Saleto
American Golf
American GolfExited 2026
ConsumerUK· Entry 2018
Trade Saleto
Arran Aromatics
Arran AromaticsExited 2025
ConsumerUK· Entry 2017
MBOto
BathstoreExited 2014
ConsumerUK· Entry 2012
MBOto
Carpet & Flooring
Carpet & FlooringExited 2021
ConsumerUK· Entry 2017
Trade Saleto
Chaucer FoodsExited 2016
ConsumerUK· Entry 2012
Trade Saleto
Crown Paints
Crown PaintsExited 2011
ConsumerUK· Entry 2008
Trade Saleto
Business ServicesUK· Entry 2009
MBOto
GradusExited 2015
IndustrialsUK· Entry 2014
Trade Saleto
Imtech UK & IrelandExited 2017
EnergyUK· Entry 2015
Trade Saleto
Ink
InkExited 2018
TMTUK· Entry 2015
Trade Saleto
Moda FurnishingsExited 2023
ConsumerUK· Entry 2019
Trade Saleto
MTI Technology
MTI TechnologyExited 2020
IT ServicesUK· Entry 2016
Trade Saleto
Sewtec Automation
Sewtec AutomationExited 2024
IndustrialsUK· Entry 2017
Trade Saleto
The Works Stores
The Works StoresExited 2018
ConsumerUK· Entry 2008
IPO
Victoria PlumExited 2023
ConsumerUK· Entry 2019
Trade Saleto
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About Endless

Endless is the UK market leader in complex situations and turnarounds with approximately £1.0 billion of assets under management as of December 2024, headquartered in Leeds with offices in London and Manchester. The firm was founded in 2005 and operates as a partner-owned LLP with a 20-year regional dealmaking franchise spanning Yorkshire heritage and national reach. Endless has completed more than 75 acquisitions and 50 exits across its history.

Investment thesis

Endless deploys capital through two active platforms with multiple vintages: Endless Fund V (£400 million) targeting businesses with £50 million to £1 billion revenue and Enact Fund III (£100 million) targeting £10 million to £50 million revenue businesses. Investment focus spans special situations, turnarounds, complex carve-outs, non-core divestments from larger groups and family-owned business transitions, with sector deployment across food and beverage, industrials, business services and consumer. Geographic deployment is UK-focused, supported by the speed-of-execution promise differentiating the platform.

Recent activity

Recent realised exits include food and beverage (Hovis, August 2025), food and beverage (Karnova, February 2025), education services (Findel Education, March 2024), consumer (EVO Business Supplies, 2025) and education services (Realise, 2025). Recent acquisitions include industrials and equipment rental (HSS Hire physical branch network, October 2025), industrials and battery (Ecobat Battery Division rebranded Veloris, 2025) and consumer and packaging (Parpak, January 2026). The platform continues active deployment across the Endless and Enact fund strategies. Detailed buyer names and multiple data available on Pro at €29/month.

Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Garry Wilson
Joint Chair
Aidan Robson
Managing Partner

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Last updated August 2026 · Sourced from public filings · Report an issue