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

Primary Sells Readypower to Angel Trains

Primary Sells Readypower to Angel Trains

ASL Completes Seventh Acquisition
March 2023

ASL Completes Seventh Acquisition

Primary Sells Readypower to Angel Trains

Sharples Acquired by ASL Group
February 2023

Sharples Acquired by ASL Group

Primary Sells Readypower to Angel Trains

Stagwell (STGW) Marketing Cloud acquires Maru Group
October 2022

Stagwell (STGW) Marketing Cloud acquires Maru Group

Primary Sells Readypower to Angel Trains

Primary announces Promotion
October 2022

Primary announces Promotion

Primary Sells Readypower to Angel Trains

ASL Group Completes Further Acquisition
September 2022

ASL Group Completes Further Acquisition

Primary Sells Readypower to Angel Trains

Primary appoints new Chief Financial Officer
June 2022

Primary appoints new Chief Financial Officer

Primary Sells Readypower to Angel Trains

Skill and You acquires ICS Learn
March 2022

Skill and You acquires ICS Learn

Primary Sells Readypower to Angel Trains

Primary Sells Readypower to Angel Trains
January 2022

Primary Sells Readypower to Angel Trains

Primary Sells Readypower to Angel Trains

Primary Invests in Sigma Sports
March 2021

Primary Invests in Sigma Sports

Primary Sells Readypower to Angel Trains

ICS Learn Acquires Acacia Learning
January 2021

ICS Learn Acquires Acacia Learning

Primary Sells Readypower to Angel Trains

Primary Announces Two Promotions for the New Year
January 2021

Primary Announces Two Promotions for the New Year

Primary Sells Readypower to Angel Trains

ICS Learn Acquires Development Processes Group
October 2020

ICS Learn Acquires Development Processes Group

Primary Sells Readypower to Angel Trains

Readypower Acquires RRV Assets of Holyrail
July 2020

Readypower Acquires RRV Assets of Holyrail

Primary Sells Readypower to Angel Trains

ASL Group Expands into the North West
February 2020

ASL Group Expands into the North West

Primary Sells Readypower to Angel Trains

Primary Backs the MBO of Foster+Freeman
August 2019

Primary Backs the MBO of Foster+Freeman

Primary Sells Readypower to Angel Trains

Primary Backed ASL Group Acquires Reprotec
July 2019

Primary Backed ASL Group Acquires Reprotec

Primary Sells Readypower to Angel Trains

Primary Backs MBO of ASL Group
June 2019

Primary Backs MBO of ASL Group

Primary Sells Readypower to Angel Trains

VJ Technology Acquires Mainline Products
May 2019

VJ Technology Acquires Mainline Products

Primary Sells Readypower to Angel Trains

New Board Appointment Drives Metamark International Expansion
November 2018

New Board Appointment Drives Metamark International Expansion

Primary Sells Readypower to Angel Trains

Maru Group Acquires Lissted
October 2018

Maru Group Acquires Lissted

Primary Sells Readypower to Angel Trains

Primary Sells Esteem Systems to Roc Technologies
October 2018

Primary Sells Esteem Systems to Roc Technologies

Primary Sells Readypower to Angel Trains

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

Primary Backed Maru Group Acquires Hispanic Reseach Panel Tu Cuentas

Primary Sells Readypower to Angel Trains

Primary Backs MBO of VJ Technology
June 2018

Primary Backs MBO of VJ Technology

Primary Sells Readypower to Angel Trains

Primary Backs MBO of ICS Learn
May 2018

Primary Backs MBO of ICS Learn

Primary Sells Readypower to Angel Trains

Metamark acquires Trimwel
May 2018

Metamark acquires Trimwel

Primary Sells Readypower to Angel Trains

New Acquisition for Portfolio Company Readypower
December 2017

New Acquisition for Portfolio Company Readypower

Primary Sells Readypower to Angel Trains

Primary Welcome Futurist Ray Hammond to Cliveden House
October 2017

Primary Welcome Futurist Ray Hammond to Cliveden House

Primary Sells Readypower to Angel Trains

Two New Senior Hires for Metamark
October 2017

Two New Senior Hires for Metamark

Primary Sells Readypower to Angel Trains

Primary Backs the MBO of Metamark
May 2017

Primary Backs the MBO of Metamark

Primary Sells Readypower to Angel Trains

Primary Hires new Investment Manager
May 2017

Primary Hires new Investment Manager

Primary Sells Readypower to Angel Trains

Primary Announces New Promotions
April 2017

Primary Announces New Promotions

Primary Sells Readypower to Angel Trains

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

Primary Awarded UK Mid-Cap Deal of the Year

Primary Sells Readypower to Angel Trains

Primary Announces Sale of Thompson & Morgan
March 2017

Primary Announces Sale of Thompson & Morgan

Primary Sells Readypower to Angel Trains

Primary Backs MBO of Readypower
February 2017

Primary Backs MBO of Readypower

Primary Sells Readypower to Angel Trains

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 Sells Readypower to Angel Trains

David Richard Promoted to Assistant Director
January 2017

David Richard Promoted to Assistant Director

Primary Sells Readypower to Angel Trains

T&M Seed Leads to Discovery of Supergene
January 2017

T&M Seed Leads to Discovery of Supergene

Primary Sells Readypower to Angel Trains

Primary Backs Third Acquisition for Maru Group January 2017
January 2017

Primary Backs Third Acquisition for Maru Group January 2017

Primary Sells Readypower to Angel Trains

Primary Sells Leisure Pass Group
December 2016

Primary Sells Leisure Pass Group

Primary Sells Readypower to Angel Trains

Primary Backs Further Acquisition for Maru Group
April 2016

Primary Backs Further Acquisition for Maru Group

Primary Sells Readypower to Angel Trains

Primary Invests in Maru Group
February 2016

Primary Invests in Maru Group

Primary Sells Readypower to Angel Trains

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

Thompson and Morgan Develops "Egg and Chips" Plant

Primary Sells Readypower to Angel Trains

Esteem Wins Dell Enterprise Partner Award
October 2015

Esteem Wins Dell Enterprise Partner Award

Primary Sells Readypower to Angel Trains

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

Esteem Recognised with Prestigious Oracle Partner of the Year Award

Primary Sells Readypower to Angel Trains

Primary Sells Pacific Direct to ADA Cosmetics
September 2015

Primary Sells Pacific Direct to ADA Cosmetics

Primary Sells Readypower to Angel Trains

Primary grows Manchester office with addition of Chris Hopwood
September 2015

Primary grows Manchester office with addition of Chris Hopwood

Primary Sells Readypower to Angel Trains

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

New Appointment for Primary as Dayna Currie joins Manchester Office

Primary Sells Readypower to Angel Trains

Esteem Wins Oracle Storage Award
March 2015

Esteem Wins Oracle Storage Award

Primary Sells Readypower to Angel Trains

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

Cutty Sark Among New London Pass Attractions for Summer 2015

Primary Sells Readypower to Angel Trains

Primary Announces Sale of Amtech to Trimble
November 2014

Primary Announces Sale of Amtech to Trimble

Primary Sells Readypower to Angel Trains

Primary Backs Buy-Out of GatenbySanderson
November 2014

Primary Backs Buy-Out of GatenbySanderson

Primary Sells Readypower to Angel Trains

Primary Expands Team with New Partner Appointment
September 2014

Primary Expands Team with New Partner Appointment

Primary Sells Readypower to Angel Trains

Primary Exceeds Target for Fund IV
August 2014

Primary Exceeds Target for Fund IV

Primary Sells Readypower to Angel Trains

Gothenberg City Card to Use Leisure Pass LPOS System
August 2014

Gothenberg City Card to Use Leisure Pass LPOS System

Primary Sells Readypower to Angel Trains

Esteem Achieves Citrix Solution Advisor Platinum Status
August 2014

Esteem Achieves Citrix Solution Advisor Platinum Status

Primary Sells Readypower to Angel Trains

Primary Expands Team with Appointment of David Richard
July 2014

Primary Expands Team with Appointment of David Richard

Primary Sells Readypower to Angel Trains

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 Sells Readypower to Angel Trains

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 Sells Readypower to Angel Trains

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 Sells Readypower to Angel Trains

Second Amtech BIM Conference another massive success
March 2014

Second Amtech BIM Conference another massive success

Primary Sells Readypower to Angel Trains

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 is pleased to announce the sale of specialist rail and infrastructure services provider, Readypower Group, to Angel Trains. The transaction value is undisclosed.

Readypower provides specialised on-track equipment as well as civil engineering, drainage, haulage and operating services to the UK rail sector. It plays a critical role in helping to modernise the UK’s rail network as electrification and upgrades continue throughout the country.  The deal cements Angel Trains’ commitment to investing in rail assets in the UK. Readypower will continue to run as an independent business, with its brand and management team remaining in place.

Primary Capital acquired Readypower from its founders in 2017.  Since then, the business has expanded from one operating hub in the South of England to six strategically located hubs across the UK.  Over the last five years, Readypower has invested around £30m in its Road-Rail Vehicle fleet and made three acquisitions.

Alistair Armstrong, who led the original deal for Primary and represented its interests throughout the period of the investment, commented; “Readypower has proved an excellent investment for us.  Its experienced executive management team has ensured the business remains relentlessly focused on delivering exceptional customer service whilst investing in all the right areas to deliver outstanding growth. We are delighted with the successful outcome and proud to have been associated with Readypower’s journey to become the UK market leader in this critical area of infrastructure services.  We wish everyone involved with Readypower all the best for the future.”

Russell Jack, CEO of Readypower, added; “Primary have proven to be excellent partners for the Readypower business over the past few years. They fully committed to our strategic development plans from the outset and backed us in all our initiatives and objectives. We thank them for their support and wish them well for the future as we embark on the next stage of our growth.”

Alantra (Steve Currie, Robert Young, Robert Pearce and Ollie Hickley) advised and led the process for the shareholders.   Angel Trains were advised by Investec.

 

Contact Neil Wallace for more information

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

Related News

Readypower Acquires RRV Assets of Holyrail
Jul 2020

Readypower Acquires RRV Assets of Holyrail

New Acquisition for Portfolio Company Readypower
Dec 2017

New Acquisition for Portfolio Company Readypower

Primary Backs MBO of Readypower
Feb 2017

Primary Backs MBO of Readypower

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