Equistone Partners Europe
Equistone Partners Europe is a London-headquartered pan-European mid-market buyout firm, independent since its 2011 management buyout from Barclays Private Equity, investing in businesses valued around EUR 50m to EUR 500m across the UK, France, Germany, Switzerland, the Netherlands and the Nordics from offices in London, Manchester, Munich, Zurich, Amsterdam and Paris. The firm is authorised by the FCA under Firm Reference Number 124366.
Equistone Partners Europe is a London buyout firm with €4.8B AUM, 27 active companies and 16 exits.
- ·13 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 16 realized deals: 5 years.
- ·Fund cadence: ~3Y between vintages · last raise 2018.
Sector breakdown
43 companiesGeography breakdown
5 geographiesKey facts
Recent exits
Equistone Partners Europe sold Ligentia to Asyad in 2026 after 5 years.
Equistone Partners Europe sold Omnicare to Allianz ambulante Onkologie in 2026 after 7 years.
Equistone Partners Europe sold KWC Group to DELABIE Group in 2025 after 4 years.
Equistone Partners Europe sold Timetoact Group to H.I.G. Capital in 2025 after 4 years.
Coverage notes
3 funds tracked, 43 portfolio companies (27 active · 16 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Equistone Partners Europe has raised, with its portfolio companies. Hand-checked from public filings.
Equistone Partners Europe Fund VIBuyout2018€2.8B19 assets9 exitsBuyout2018 · 8yr€2.8B199
Unrealized
19 held| Company | Entry |
|---|---|
| adm Group Business Services · UK | 2021 |
| BOAL Group Agriculture · Netherlands | 2018 |
| BUKO Traffic & Safety Business Services · Netherlands | 2023 |
| CH&Co Hospitality · UK | 2019 |
| Cyrillus Vertbaudet Consumer · France | 2021 |
| eperi Cybersecurity · Germany | 2022 |
| FirstPort Business Services · UK | 2019 |
| Nexus Mobility · UK | 2023 |
| Nylacast Mobility · UK | 2018 |
| Promovacances Hospitality · France | 2018 |
| QuestGates Business Services · UK | 2024 |
| RENA Group Industrials · Germany | 2019 |
| Sateco Construction · France | 2019 |
| SF-Filter Mobility · Switzerland | 2022 |
| Small World Financial Services Fintech · UK | 2018 |
| Talon Outdoor AdTech · UK | 2022 |
| Virgin Experience Days Hospitality · UK | 2022 |
| Vulcain Business Services · France | 2019 |
| WHP Telecom · UK | 2018 |
Realized
9 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Acces Industrie Business Services · France | 2020 | 2024 | Secondary | Delmas Investissements & Participations | – |
| Acuity Knowledge Partners Business Services · UK | 2019 | 2023 | Secondary | Permira | – |
| Andra Tech Group Industrials · Netherlands | 2021 | 2024 | Secondary | Castik Capital | – |
| Courir Consumer · France | 2019 | 2024 | Trade Sale | JD Sports Fashion | – |
| KWC Group Construction · Switzerland | 2021 | 2025 | Trade Sale | DELABIE Group | – |
| Ligentia Logistics · UK | 2021 | 2026 | Trade Sale | Asyad | – |
| Omnicare Pharma · Germany | 2019 | 2026 | Trade Sale | Allianz ambulante Onkologie | – |
| Timetoact Group IT Services · Germany | 2021 | 2025 | Trade Sale | H.I.G. Capital | – |
| Vulcain Engineering Group Business Services · France | 2019 | 2023 | Secondary | Ardian | – |
Equistone Partners Europe Fund VBuyout2015€2.0B8 assets4 exitsBuyout2015 · 11yr€2.0B84
Unrealized
8 held| Company | Entry |
|---|---|
| Averys Consumer · France | 2015 |
| BFT Mastclimbing Business Services · UK | 2017 |
| POLO Motorrad Consumer · Germany | 2015 |
| Rhodius Industrials · Germany | 2015 |
| Sihl Industrials · Switzerland | 2016 |
| United Initiators Industrials · Germany | 2016 |
| WEALTH at work Financials · UK | 2016 |
| Willerby Construction · UK | 2017 |
Realized
4 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Adista Telecom · France | 2016 | 2021 | Secondary | Keensight Capital | – |
| Group of Butchers Consumer · Netherlands | 2016 | 2020 | Trade Sale | Parcom | – |
| Karavel Groupe Hospitality · France | 2018 | 2025 | Secondary | Montefiore Investment | – |
| Sport Group Industrials · Germany | 2015 | 2024 | Trade Sale | KPS Capital Partners | – |
Equistone Partners Europe Fund IVRealisingBuyout2013€1.5B0 assets3 exitsBuyout2013 · 13yr€1.5B03
Realized
3 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Charles & Alice Consumer · France | 2013 | 2021 | Secondary | Credit Mutuel Equity | – |
| Finaxy Group Financials · France | 2014 | 2020 | Secondary | Ardian | – |
| Mademoiselle Desserts Consumer · France | 2013 | 2018 | Secondary | IK Partners | – |
About Equistone Partners Europe
Equistone Partners Europe is a pan-European mid-market private equity firm with approximately €5-6 billion of assets under management across active funds as of December 2024, headquartered in London with offices in Paris, Munich, Zurich, Manchester and Amsterdam. The firm originated as Barclays Private Equity in 2002 before becoming independent through a management buyout from Barclays Capital in November 2011, when it was rebranded Equistone Partners Europe. The firm remains a partner-owned independent platform with deep European mid-market heritage.
Investment thesis
Equistone deploys capital through 14 successor funds in total platform history across legacy BPE and Equistone vintages, currently investing through Fund VI (€2.8 billion, 2018 vintage) and Fund VII (in raising and partial deployment), with strategic focus on mid-market buyouts including change-of-ownership and growth deals. Equity tickets range from €25 million to €200 million in enterprise values of €50 million to €500 million. Sector deployment spans industrials and manufacturing, business services, technology, consumer and retail, healthcare and financial services across Benelux, France, Germany, Switzerland and the UK. The platform has completed more than 180 investments since 2002.
Recent activity
Recent realised exits include logistics and freight forwarding (2026), industrials and sanitary fittings (2025), consumer and footwear retail (2024) and consumer and sportswear retail (2024). Recent acquisitions include BVT Bremer Verkehrstechnik (industrials and transport technology, November 2024) and QuestGates (insurance services, August 2024). Equistone continues to deploy capital across its Fund VII vintage while pursuing selective bolt-on M&A across the existing portfolio.
Frequently asked questions
- What investment strategy does Equistone Partners Europe focus on?
- Equistone Partners Europe focuses on Buyout strategies in the private equity space.
- How many portfolio companies does Equistone Partners Europe have?
- Equistone Partners Europe has 27 active portfolio companies and 16 completed exits and 3 funds tracked on GP Intel.
- Where is Equistone Partners Europe headquartered?
- Equistone Partners Europe is headquartered in London, United Kingdom.
- What is Equistone Partners Europe's assets under management?
- Equistone Partners Europe manages approximately €4.8B in assets under management.
- When was Equistone Partners Europe founded?
- Equistone Partners Europe was founded in 1979.
- What sectors does Equistone Partners Europe invest in?
- Equistone Partners Europe invests across Industrials, Consumer, Business Services, Healthcare, TMT.
- What are Equistone Partners Europe's recent exits?
- Recent realized exits by Equistone Partners Europe include: Ligentia (2026) to Asyad; Omnicare (2026) to Allianz ambulante Onkologie; KWC Group (2025) to DELABIE Group; TIMETOACT GROUP (2025) to H.I.G. Capital; Karavel Groupe (2025) to Montefiore Investment; Acces Industrie (2024) to Delmas Investissements & Participations; Andra Tech Group (2024) to Castik Capital; Courir (2024) to JD Sports Fashion.
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