What investment strategy does Graphite Capital focus on?

Graphite Capital focuses on Buyout strategies in the private equity space.

How many portfolio companies does Graphite Capital have?

Graphite Capital has 15 active portfolio companies and 13 completed exits and 3 funds tracked on GP Intel.

Where is Graphite Capital headquartered?

Graphite Capital is headquartered in London, United Kingdom.

What is Graphite Capital's assets under management?

Graphite Capital manages approximately €1.4B in assets under management.

When was Graphite Capital founded?

Graphite Capital was founded in 1991.

What sectors does Graphite Capital invest in?

Graphite Capital invests across Healthcare, Consumer, Business Services.

What are Graphite Capital's recent exits?

Recent realized exits by Graphite Capital include: Independence Products (2025) to Astorg; Wonderbly (2025) to Penguin Random House; Empowering Learning (2025) to THI Investments; Compass Community (2024) to Cap10 Partners; Random42 (2022) to The Lockwood Group; YSC Consulting (2022) to Accenture; U-POL (2021) to Axalta Coating Systems; City & County Healthcare (2020) to The Pension Insurance Corporation.

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Graphite Capital

London, United Kingdom·Founded 1991·

Buyout

·graphitecapital.com

Graphite Capital Management LLP is a London-based mid-market private equity firm, independent since its 2001 management buy-out from F&C, formerly Foreign & Colonial Ventures. It manages around GBP 1.2 billion across the Graphite Capital Partners fund series and backs UK companies typically valued between GBP 30 million and GBP 150 million in healthcare, education and data and tech-enabled services. The firm is authorised and regulated by the Financial Conduct Authority.

AUM

€1.4B

Funds

vintages 2007–2018

Portfolio

Exits

Graphite Capital is a London buyout firm with €1.4B AUM, 15 active companies and 13 exits.

SectorsHealthcare Consumer Business Services

Key takeaways

·7 exits in the last 5 years · consistent DPI cadence.
·Average hold across 13 realized deals: 5 years.
·Fund cadence: ~6Y between vintages · last raise 2018.

Sector breakdown

28 companies

Education

6 · 21%

Business Services

4 · 14%

Healthcare

3 · 11%

Hospitality

3 · 11%

IT Services

2 · 7%

Consumer

2 · 7%

Industrials

2 · 7%

Energy

2 · 7%

Key facts

HQLondon, United Kingdom

Founded1991

Websitegraphitecapital.com

Recent exits

Graphite Capital sold Independence Products to Astorg in 2025 after 2 years.

Graphite Capital sold Wonderbly to Penguin Random House in 2025 after 4 years.

Graphite Capital sold Empowering Learning to THI Investments in 2025 after 8 years.

Graphite Capital sold Compass Community to Cap10 Partners in 2024 after 7 years.

Coverage notes

3 funds tracked, 28 portfolio companies (15 active · 13 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

3 funds

Fund

Strategy

Vintage

Size

Assets

Exits

Graphite Capital Partners IX

Buyout2018€585M7 assets2 exits

Buyout

2018 · 8yr

€585M

Unrealized

7 held

Company	Entry
Babble Telecom · UK	2020
Digital Space IT Services · UK	2022
Hanson Wade Business Services · UK	2019
Higher Ed Partners Education · UK	2021
Horizon Care and Education Education · UK	2019
Storal Education · UK	2023
Ten10 IT Services · UK	2020

Realized

2 exits

Company	Entry	Exit	Type	Buyer	MOIC
Independence Products MedTech · UK	2023	2025	Secondary	Astorg	–
Wonderbly Consumer · UK	2021	2025	Trade Sale	Penguin Random House	–

Graphite Capital Partners VIIIRealized

Buyout2013€585M5 assets5 exits

Buyout

2013 · 13yr

€585M

Unrealized

5 held

Company	Entry
Beck & Pollitzer Industrials · UK	2016
Beck Pollitzer Industrials · UK	2016
ICR Energy · UK	2014
New World Trading Company Hospitality · UK	2016
nGage Business Services · UK	2014

Realized

5 exits

Company	Entry	Exit	Type	Buyer	MOIC
City & County Healthcare Healthcare · UK	2013	2020	Secondary	The Pension Insurance Corporation	–
Compass Community Healthcare · UK	2017	2024	Secondary	Cap10 Partners	–
Empowering Learning Education · UK	2017	2025	Secondary	THI Investments	–
Random42 HealthTech · UK	2018	2022	Trade Sale	The Lockwood Group	–
YSC Consulting Business Services · UK	2017	2022	Trade Sale	Accenture	–

Graphite Capital Partners VIIRealized

Buyout2007€556M3 assets6 exits

Buyout

2007 · 19yr

€556M

Unrealized

3 held

Company	Entry
Air Energi Energy · UK	2012
Explore Learning Education · UK	2012
Hawksmoor Hospitality · UK	2013

Realized

6 exits

Company	Entry	Exit	Type	Buyer	MOIC
Alexander Mann Solutions Business Services · UK	2007	2013	Trade Sale	New Mountain Capital	–
Corbin & King Hospitality · UK	2012	2017	Trade Sale	Minor Hotels	–
Education Personnel Education · UK	2008	2014	Secondary	ICG	–
Kurt Geiger Consumer · UK	2008	2011	Trade Sale	The Jones Group	–
National Fostering Agency Healthcare · UK	2012	2015	Secondary	Stirling Square Capital	–
U-pol Mobility · UK	2010	2021	Trade Sale	Axalta Coating Systems	–

About Graphite Capital

Graphite Capital is an alternative investment platform with capital deployed across 6 active fund vehicles, headquartered in London. The firm deploys capital across European mid and small-cap businesses spanning TMT and consumer.

Investment thesis

The platform combines complementary investment strategies, deploying capital across TMT and consumer businesses in the United Kingdom and broader European market. Multi-strategy capital deployment enables flexibility across the business lifecycle, with the partnership culture supporting management teams through growth, transmission and selective M&A across multiple fund vintages and asset classes.

Recent activity

Realised exits across the current platform vintages remain limited, with the portfolio in active deployment and value-creation phase. The platform tracks 6 fund vehicles, 34 active portfolio companies and 0 realised exits across the strategy's history.

Frequently asked questions

What investment strategy does Graphite Capital focus on?: Graphite Capital focuses on Buyout strategies in the private equity space.
How many portfolio companies does Graphite Capital have?: Graphite Capital has 15 active portfolio companies and 13 completed exits and 3 funds tracked on GP Intel.
Where is Graphite Capital headquartered?: Graphite Capital is headquartered in London, United Kingdom.
What is Graphite Capital's assets under management?: Graphite Capital manages approximately €1.4B in assets under management.
When was Graphite Capital founded?: Graphite Capital was founded in 1991.
What sectors does Graphite Capital invest in?: Graphite Capital invests across Healthcare, Consumer, Business Services.
What are Graphite Capital's recent exits?: Recent realized exits by Graphite Capital include: Independence Products (2025) to Astorg; Wonderbly (2025) to Penguin Random House; Empowering Learning (2025) to THI Investments; Compass Community (2024) to Cap10 Partners; Random42 (2022) to The Lockwood Group; YSC Consulting (2022) to Accenture; U-POL (2021) to Axalta Coating Systems; City & County Healthcare (2020) to The Pension Insurance Corporation.