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Equistone Partners Europe

Equistone Partners Europe

London, United Kingdom·Founded 1979··equistonepe.com

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.

AUM
€4.8B
Funds
3
vintages 2013–2018
Portfolio
27
Exits
16

Equistone Partners Europe is a London buyout firm with €4.8B AUM, 27 active companies and 16 exits.

Key takeaways
  • ·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 companies
Business Services
9 · 21%
Consumer
7 · 16%
Industrials
6 · 14%
Hospitality
4 · 9%
Construction
3 · 7%
Mobility
3 · 7%
Telecom
2 · 5%
Financials
2 · 5%

Geography breakdown

5 geographies
UK
15 · 35%
France
13 · 30%
Germany
8 · 19%
Netherlands
4 · 9%
Switzerland
3 · 7%

Key facts

HQLondon, United Kingdom
Founded1979

Recent exits

Ligentia

Equistone Partners Europe sold Ligentia to Asyad in 2026 after 5 years.

Omnicare

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.

TIMETOACT GROUP

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.

3 funds
Equistone Partners Europe Fund VI
Buyout2018€2.8B19 assets9 exits

Unrealized

19 held
CompanyEntry
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
CompanyEntryExitTypeBuyerMOIC
Acces Industrie
Business Services · France
20202024SecondaryDelmas Investissements & Participations–
Acuity Knowledge Partners
Business Services · UK
20192023SecondaryPermira–
Andra Tech Group
Industrials · Netherlands
20212024SecondaryCastik Capital–
Courir
Consumer · France
20192024Trade SaleJD Sports Fashion–
KWC Group
Construction · Switzerland
20212025Trade SaleDELABIE Group–
Ligentia
Logistics · UK
20212026Trade SaleAsyad–
Omnicare
Pharma · Germany
20192026Trade SaleAllianz ambulante Onkologie–
Timetoact Group
IT Services · Germany
20212025Trade SaleH.I.G. Capital–
Vulcain Engineering Group
Business Services · France
20192023SecondaryArdian–
Equistone Partners Europe Fund V
Buyout2015€2.0B8 assets4 exits

Unrealized

8 held
CompanyEntry
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
CompanyEntryExitTypeBuyerMOIC
Adista
Telecom · France
20162021SecondaryKeensight Capital–
Group of Butchers
Consumer · Netherlands
20162020Trade SaleParcom–
Karavel Groupe
Hospitality · France
20182025SecondaryMontefiore Investment–
Sport Group
Industrials · Germany
20152024Trade SaleKPS Capital Partners–
Equistone Partners Europe Fund IVRealising
Buyout2013€1.5B0 assets3 exits

Realized

3 exits
CompanyEntryExitTypeBuyerMOIC
Charles & Alice
Consumer · France
20132021SecondaryCredit Mutuel Equity–
Finaxy Group
Financials · France
20142020SecondaryArdian–
Mademoiselle Desserts
Consumer · France
20132018SecondaryIK 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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Last updated August 2026 · Sourced from public filings · Report an issue