Charterhouse Capital Partners Explained

See also: Charterhouse Group.

Charterhouse Capital Partners LLP
Type:Limited liability partnership
Foundation:1934
Location:London, England
Employee Size:120
Industry:Private equity
Products:Private equity funds, Leveraged buyouts

Charterhouse Capital Partners is a London based private equity investment firm focused on investing in European mid-market companies valued €200m and Employee size is around 120.[1] The company targets investments across the services, healthcare, specialised industrials and consumer sectors.[2]

History

Founded in 1934,[3] Charterhouse Capital Partners is one of Europe’s oldest private equity firms.[4] The firm's predecessors, then a division of Charterhouse Bank, began raising third party equity in 1976.[3] In June 2001, the firm's management completed a management buyout from HSBC to become an independent investment firm.[5]

Notable investment activity

In 2009, Charterhouse acquired Wood Mackenzie, selling its stake to Hellman & Friedman in 2012.[6]

In 2010, the company acquired Deb Group, a skincare product group, and sold its stake in 2015 to SC Johnson, reportedly earning a return of over 2.5x.[7]

In 2010, they acquired Card Factory, exiting its stake in 2015.[8]

In 2011, the company acquired ERM, and in 2015, sold its stake to Omers in a deal valued at $1.7 billion.[9]

In 2011, they acquired Webhelp, selling the company to KKR in 2015.[10]

In 2013, Charterhouse acquired Doc Generici, an Italian pharmaceutical business, selling in 2016 to CVC Capital Partners.[11]

In 2013, the company acquired Armacell in a €520 million deal and, in 2015, sold to a Blackstone led partnership in a deal valued at €960 million.[12]

In 2015, Charterhouse acquired Mirion Technologies, a radiation detection provider, for $750 million, and in June 2021, Mirion announced it would go public after merging with a Goldman Sachs backed SPAC in a deal valued at $2.6 billion.[13]

In 2016, the company acquired Cooper, a provider of generalist over-the-counter (OTC) self-care pharmaceuticals, and in March 2021 sold a majority stake to CVC.[14] In 2017, the company acquired a majority stake in SERB, a Brussels headquartered specialty pharmaceuticals company.[15]

In 2018, they acquired a majority stake in Siaci Saint Honore (SSH), a B2B insurance broker, and sold in July 2021 to a consortium led by Burrus Group.[16]

In March 2018, the company acquired SLR Consulting, a UK environmental consultancy previously owned by 3i, becoming a major shareholder.[17]

In June 2019, Charterhouse disposed of Italian cheese maker and distributor Nuova Castelli, which had been in their possession since 2014, and which was acquired by the Lactalis Group Italia.[18] [19]

In December 2020, SERB pharmaceuticals, backed by Charterhouse Capital Partners, agreed to purchase Boston Scientific's BTG specialty pharma unit for $800m.[20] In the same month, the company acquired Inflexion Private Equity's minority stake in the UK pension provider Lane Clark & Peacock.[21]

Also in December 2020, Charterhouse concluded a deal with French banking group Crédit Mutuel Arkéa, for a stake in the Dutch software company Vermeg.[22]

In June 2022, Charterhouse disposed of SLR Consulting to a private equity fund managed by Ares Management.[23] [24]

In March 2023, in a cash and shares deal, Charterhouse sold the Irish Tarsus Group to Informa for a reported GBP 790m.[25] [26] [27]

In April 2023, the company’s sale of French telecom’s Sagemcom to a continuation fund backed by AlpInvest Partners was officially recorded.[28] In the same month, Charterhouse confirmed their investment in a management buyout of France Valley Investissements, the €4 billion forestry and real assets manager, together with Guillaume Toussaint and Arno Filhol and their management team, to support France Valley’s intended launch of ESG-linked products.[29] [30]

External links

Notes and References

  1. https://www.penews.com/articles/european-buyout-firms-seek-more-than-80bn-in-crowded-fundraising-market-20200224 European buyout firms seek more than $80bn in crowded fundraising market
  2. https://www.privateequityinternational.com/charterhouse-lowers-target-again-with-latest-flagship/ Charterhouse eyes lower flagship target amid mid-market push for €2.5bn Fund XI
  3. Book: Jowett, Paul. Private Equity: The German Experience. Palgrave Macmillan. 2011. 978-1-349-35942-4. 427.
  4. News: Porter . Kiel . Willmer . Sabrina . 2013-11-12 . Charterhouse Heirs Struggle to Maintain Bonnyman Legacy . 2016-01-18 . https://web.archive.org/web/20160118002908/http://www.bloomberg.com/news/articles/2013-11-12/charterhouse-heirs-struggle-to-maintain-bonnyman-legacy . 2016-01-18 . dead .
  5. Web site: Charterhouse sticks to its winning formula. 12 January 2009. Financial News. 13 April 2017.
  6. https://www.standard.co.uk/business/charterhouse-buys-woodmac-for-ps553m-6803148.html Charterhouse buys WoodMac for £553m
  7. https://www.privateequityinternational.com/charterhouse-nets-more-than-2-5x-on-deb-group/ Charterhouse nets more than 2.5x on Deb Group
  8. https://www.privateequityinternational.com/charterhouse-scores-5-25x-on-card-factory/ Charterhouse scores 5.25x on Card Factory
  9. https://www.reuters.com/article/charterhouse-erm-idUSL5N0Z111720150615 Charterhouse Capital sells ERM stake to Omers in $1.7 bln deal
  10. https://www.penews.com/articles/charterhouse-nets-three-times-return-on-webhelp-kkr-20151127 Charterhouse Triples Its Money on Webhelp Exit
  11. https://www.unquote.com/southern-europe/official-record/71427/cvc-acquires-doc-generici-from-charterhouse CVC acquires Doc Generici from Charterhouse
  12. https://www.reuters.com/article/uk-charterhouse/charterhouse-sells-armacell-to-blackstone-led-partnership-idUKKBN0TJ0LV20151130e Charterhouse sells Armacell to Blackstone-led partnership
  13. https://www.reuters.com/legal/transactional/goldman-backed-spac-take-mirion-tech-public-26-bln-deal-2021-06-17/ Goldman-backed SPAC to take Mirion Tech public in $2.6 bln deal
  14. https://www.reuters.com/article/us-charterhouse-cooper/charterhouse-in-exclusive-talks-to-sell-control-of-french-drugmaker-cooper-idUSKBN2B40XD Charterhouse in exclusive talks to sell control of French drugmaker Cooper
  15. https://www.penews.com/articles/charterhouse-capital-buys-belgium-based-drug-company-20170609 Charterhouse Buys Belgium-Based Drug Company SERB
  16. https://www.unquote.com/france/official-record/3024387/charterhouse-to-exit-siaci-saint-honore-to-otpp-et-al Charterhouse to exit Siaci Saint Honoré to OTPP et al.
  17. Web site: 2018-03-26 . Charterhouse acquires 3i-backed SLR Unquote . 2023-07-13 . www.unquote.com . en.
  18. Web site: 2019-06-03 . Charterhouse to sell Nuova Castelli to Lactalis Group Italia . 2023-09-26 . dairyreporter.com . en-GB.
  19. Web site: 2019-05-31 . Lactalis acquires Italian cheese manufacturer Nuova Castelli . 2023-09-26 . FoodBev Media . en-GB.
  20. Web site: Kellaher . Colin . Charterhouse-backed SERB buys BTG specialty pharma unit for $800m . 2023-07-15 . www.penews.com . en-GB.
  21. Web site: Mendonça . Elisângela . Charterhouse backs UK pension consultancy LCP in £300m deal . 2023-07-15 . www.penews.com . en-GB.
  22. Web site: Mendonça . Elisângela . Exclusive: Charterhouse backs financial software provider Vermeg . 2023-09-26 . www.penews.com . en-GB.
  23. Web site: Charterhouse agrees sale of SLR to Ares Management . 2023-11-08 . Environment Analyst Global . en.
  24. News: Wansboro . David . 2022-06-20 . Ares Management buys SLR Consulting from Charterhouse PE Hub . en-US . PE Hub . 2023-11-08.
  25. Web site: 2023-03-09 . Charterhouse exits Tarsus to Informa for GBP 790m EV Unquote . 2023-09-28 . www.unquote.com . en.
  26. Web site: Informa Acquires Tarsus Group in $940 Million Mega Deal . 2023-09-28 . TSNN . en.
  27. Web site: Informa acquires Tarsus in $940m deal . 2023-09-28 . Exhibition World . en.
  28. Web site: 2023-04-13 . Charterhouse transfers Sagemcom to AlpInvest-backed continuation fund - filings Unquote . 2023-09-27 . www.unquote.com . en.
  29. Web site: Charterhouse Capital Partners Gets a Stake in France Valley Investissements - SWFI . 2023-09-27 . www.swfinstitute.org.
  30. Web site: 2023-04-21 . Charterhouse invests forestry and real assets manager France Valley . 2023-09-27 . Real Assets . en.

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