Primary Capital logo
  • About
  • Team
  • Investments
  • ESG
  • News
  • Contact
  • Investor login

Primary Exceeds Target for Fund IV

Primary Exceeds Target for Fund IV

ASL Completes Seventh Acquisition
March 2023

ASL Completes Seventh Acquisition

Primary Exceeds Target for Fund IV

Sharples Acquired by ASL Group
February 2023

Sharples Acquired by ASL Group

Primary Exceeds Target for Fund IV

Stagwell (STGW) Marketing Cloud acquires Maru Group
October 2022

Stagwell (STGW) Marketing Cloud acquires Maru Group

Primary Exceeds Target for Fund IV

Primary announces Promotion
October 2022

Primary announces Promotion

Primary Exceeds Target for Fund IV

ASL Group Completes Further Acquisition
September 2022

ASL Group Completes Further Acquisition

Primary Exceeds Target for Fund IV

Primary appoints new Chief Financial Officer
June 2022

Primary appoints new Chief Financial Officer

Primary Exceeds Target for Fund IV

Skill and You acquires ICS Learn
March 2022

Skill and You acquires ICS Learn

Primary Exceeds Target for Fund IV

Primary Sells Readypower to Angel Trains
January 2022

Primary Sells Readypower to Angel Trains

Primary Exceeds Target for Fund IV

Primary Invests in Sigma Sports
March 2021

Primary Invests in Sigma Sports

Primary Exceeds Target for Fund IV

ICS Learn Acquires Acacia Learning
January 2021

ICS Learn Acquires Acacia Learning

Primary Exceeds Target for Fund IV

Primary Announces Two Promotions for the New Year
January 2021

Primary Announces Two Promotions for the New Year

Primary Exceeds Target for Fund IV

ICS Learn Acquires Development Processes Group
October 2020

ICS Learn Acquires Development Processes Group

Primary Exceeds Target for Fund IV

Readypower Acquires RRV Assets of Holyrail
July 2020

Readypower Acquires RRV Assets of Holyrail

Primary Exceeds Target for Fund IV

ASL Group Expands into the North West
February 2020

ASL Group Expands into the North West

Primary Exceeds Target for Fund IV

Primary Backs the MBO of Foster+Freeman
August 2019

Primary Backs the MBO of Foster+Freeman

Primary Exceeds Target for Fund IV

Primary Backed ASL Group Acquires Reprotec
July 2019

Primary Backed ASL Group Acquires Reprotec

Primary Exceeds Target for Fund IV

Primary Backs MBO of ASL Group
June 2019

Primary Backs MBO of ASL Group

Primary Exceeds Target for Fund IV

VJ Technology Acquires Mainline Products
May 2019

VJ Technology Acquires Mainline Products

Primary Exceeds Target for Fund IV

New Board Appointment Drives Metamark International Expansion
November 2018

New Board Appointment Drives Metamark International Expansion

Primary Exceeds Target for Fund IV

Maru Group Acquires Lissted
October 2018

Maru Group Acquires Lissted

Primary Exceeds Target for Fund IV

Primary Sells Esteem Systems to Roc Technologies
October 2018

Primary Sells Esteem Systems to Roc Technologies

Primary Exceeds Target for Fund IV

Primary Backed Maru Group Acquires Hispanic Reseach Panel Tu Cuentas
June 2018

Primary Backed Maru Group Acquires Hispanic Reseach Panel Tu Cuentas

Primary Exceeds Target for Fund IV

Primary Backs MBO of VJ Technology
June 2018

Primary Backs MBO of VJ Technology

Primary Exceeds Target for Fund IV

Primary Backs MBO of ICS Learn
May 2018

Primary Backs MBO of ICS Learn

Primary Exceeds Target for Fund IV

Metamark acquires Trimwel
May 2018

Metamark acquires Trimwel

Primary Exceeds Target for Fund IV

New Acquisition for Portfolio Company Readypower
December 2017

New Acquisition for Portfolio Company Readypower

Primary Exceeds Target for Fund IV

Primary Welcome Futurist Ray Hammond to Cliveden House
October 2017

Primary Welcome Futurist Ray Hammond to Cliveden House

Primary Exceeds Target for Fund IV

Two New Senior Hires for Metamark
October 2017

Two New Senior Hires for Metamark

Primary Exceeds Target for Fund IV

Primary Backs the MBO of Metamark
May 2017

Primary Backs the MBO of Metamark

Primary Exceeds Target for Fund IV

Primary Hires new Investment Manager
May 2017

Primary Hires new Investment Manager

Primary Exceeds Target for Fund IV

Primary Announces New Promotions
April 2017

Primary Announces New Promotions

Primary Exceeds Target for Fund IV

Primary Awarded UK Mid-Cap Deal of the Year
April 2017

Primary Awarded UK Mid-Cap Deal of the Year

Primary Exceeds Target for Fund IV

Primary Announces Sale of Thompson & Morgan
March 2017

Primary Announces Sale of Thompson & Morgan

Primary Exceeds Target for Fund IV

Primary Backs MBO of Readypower
February 2017

Primary Backs MBO of Readypower

Primary Exceeds Target for Fund IV

Sale of Leisure Pass Nominated as UK Mid-Market Deal of the Year
January 2017

Sale of Leisure Pass Nominated as UK Mid-Market Deal of the Year

Primary Exceeds Target for Fund IV

David Richard Promoted to Assistant Director
January 2017

David Richard Promoted to Assistant Director

Primary Exceeds Target for Fund IV

T&M Seed Leads to Discovery of Supergene
January 2017

T&M Seed Leads to Discovery of Supergene

Primary Exceeds Target for Fund IV

Primary Backs Third Acquisition for Maru Group January 2017
January 2017

Primary Backs Third Acquisition for Maru Group January 2017

Primary Exceeds Target for Fund IV

Primary Sells Leisure Pass Group
December 2016

Primary Sells Leisure Pass Group

Primary Exceeds Target for Fund IV

Primary Backs Further Acquisition for Maru Group
April 2016

Primary Backs Further Acquisition for Maru Group

Primary Exceeds Target for Fund IV

Primary Invests in Maru Group
February 2016

Primary Invests in Maru Group

Primary Exceeds Target for Fund IV

Thompson and Morgan Develops "Egg and Chips" Plant
January 2016

Thompson and Morgan Develops "Egg and Chips" Plant

Primary Exceeds Target for Fund IV

Esteem Wins Dell Enterprise Partner Award
October 2015

Esteem Wins Dell Enterprise Partner Award

Primary Exceeds Target for Fund IV

Esteem Recognised with Prestigious Oracle Partner of the Year Award
October 2015

Esteem Recognised with Prestigious Oracle Partner of the Year Award

Primary Exceeds Target for Fund IV

Primary Sells Pacific Direct to ADA Cosmetics
September 2015

Primary Sells Pacific Direct to ADA Cosmetics

Primary Exceeds Target for Fund IV

Primary grows Manchester office with addition of Chris Hopwood
September 2015

Primary grows Manchester office with addition of Chris Hopwood

Primary Exceeds Target for Fund IV

New Appointment for Primary as Dayna Currie joins Manchester Office
July 2015

New Appointment for Primary as Dayna Currie joins Manchester Office

Primary Exceeds Target for Fund IV

Esteem Wins Oracle Storage Award
March 2015

Esteem Wins Oracle Storage Award

Primary Exceeds Target for Fund IV

Cutty Sark Among New London Pass Attractions for Summer 2015
March 2015

Cutty Sark Among New London Pass Attractions for Summer 2015

Primary Exceeds Target for Fund IV

Primary Announces Sale of Amtech to Trimble
November 2014

Primary Announces Sale of Amtech to Trimble

Primary Exceeds Target for Fund IV

Primary Backs Buy-Out of GatenbySanderson
November 2014

Primary Backs Buy-Out of GatenbySanderson

Primary Exceeds Target for Fund IV

Primary Expands Team with New Partner Appointment
September 2014

Primary Expands Team with New Partner Appointment

Primary Exceeds Target for Fund IV

Primary Exceeds Target for Fund IV
August 2014

Primary Exceeds Target for Fund IV

Primary Exceeds Target for Fund IV

Gothenberg City Card to Use Leisure Pass LPOS System
August 2014

Gothenberg City Card to Use Leisure Pass LPOS System

Primary Exceeds Target for Fund IV

Esteem Achieves Citrix Solution Advisor Platinum Status
August 2014

Esteem Achieves Citrix Solution Advisor Platinum Status

Primary Exceeds Target for Fund IV

Primary Expands Team with Appointment of David Richard
July 2014

Primary Expands Team with Appointment of David Richard

Primary Exceeds Target for Fund IV

Esteem Helps Accelerate Research Capability Across Northern England with Super Computer
July 2014

Esteem Helps Accelerate Research Capability Across Northern England with Super Computer

Primary Exceeds Target for Fund IV

Primary awarded Mid-Cap Deal of the Year for sale of Napier Turbochargers
April 2014

Primary awarded Mid-Cap Deal of the Year for sale of Napier Turbochargers

Primary Exceeds Target for Fund IV

Leisure Pass teams up with Gourmet Society to launch expanded London Pass Dining Guide
April 2014

Leisure Pass teams up with Gourmet Society to launch expanded London Pass Dining Guide

Primary Exceeds Target for Fund IV

Second Amtech BIM Conference another massive success
March 2014

Second Amtech BIM Conference another massive success

Primary Exceeds Target for Fund IV

Leisure Pass Group joins up for New China Tourism Campaign
January 2014

Leisure Pass Group joins up for New China Tourism Campaign

Primary Capital Partners LLP has closed on its latest fund, Primary IV, at £227.5 million, above its original target.

Primary commenced discussions with LPs in late 2013 and had a first close on the fund in February 2014.

The fund has attracted a blue chip LP base including pension funds, insurance companies, endowments, fund of funds and family offices, from Europe, North America and the UK. Primary enjoyed strong support from its existing investors, who accounted for over half of the Fund, with some of them making very significant increases in their commitments.

Neil Wallace, CEO of Primary, commented “We were extremely pleased with the support and encouragement we received from our existing LPs, reflecting their satisfaction with the returns we have been able to generate for them. We are equally happy that we have been able to attract some very high quality new LPs to join us, some of whom we have been in dialogue with for many years, and we’re looking forward to working with them going forward.”

Primary has generated a series of high profile exits including most recently the sale of Napier Turbochargers to Wabtec Corporation last year which generated a 5.5x return for Primary and which has received a number of awards for deal of the year and the sale of Amber Travel, which generated a 3.2x return for the Fund . It has enjoyed a strong track record of successful exits, with over half of all realisations returning in excess of 3.5x cost.

Primary IV will pursue the same strategy as each of the three previous funds, targeting management buy-outs and buy-ins in differentiated, strategically important businesses with enterprise values of between £20 million and £100 million and where Primary IV can make an equity investment of between £10 million and £45 million. 

 

Contact Neil Wallace for more information

Tel: +44(0) 20 7920 4800
Email: neil@primary.pe

overlay-loader
Primary Capital logo dark
London Office
Primary Capital Partners LLP
Augustine House
Austin Friars
London
EC2N 2HA
Get directions
Manchester Office
Primary Capital Partners LLP
Clarence House
Clarence Street
Manchester
M2 4DW
Get directions
© 2023 Primary Capital Partners LLP | Authorised and regulated by the Financial Conduct Authority (FCA) | Privacy policy | Terms of use | Cookie policy | Site plan | Change your cookie preferences
Design by WildWest