Harwood Private Equity has invested in the pet care sector through Assisi Pet Care Limited. Assisi, led by Peter Mangion (Chief Executive), is pursuing a roll-up strategy in pet care and its first acquisition is Hollings Limited, a producer of dog treats and dog food based in Skipton, Yorkshire.
Harwood Private Equity has completed the public-to-private acquisition of HML Holdings plc for £18.1 million through a recommended cash offer. HML provides outsourced property management for residential apartment blocks. Alec Guthrie and James Howgego will continue as CEO and CFO respectively.
Harwood Private Equity has achieved a full exit from its investment in Inspecs plc through an initial public offering of the company’s shares on the London Stock Exchange, resulting in a successful outcome for investors. Inspecs is a leading designer, manufacturer and distributor of branded and OEM eyewear to global retail chains. Harwood Private Equity invested in Inspecs in 2017.
Harwood Private Equity V LP (HPE5) closed on 21 February 2020 and achieved its hard-cap target of £160 million of committed capital. HPE5 expects to follow the strategy successfully employed by its predecessor funds, investing predominantly in control positions in companies across a range of sectors in the UK lower mid‐market. The Fund seeks opportunities with enterprise values of between £15m - £50m and has a strong public-to-private capability.
Harwood Private Equity has completed the public-to-private acquisition of APC Technology Group plc for £18.3 million through a recommended cash offer and a scheme of arrangement. APC provides the design, specification and distribution of specialist electronic components and systems, lighting technologies and connectivity products used in a range of sectors. Richard Hodgson and Tony Lochery will continue as CEO and non-executive chairman respectively.
Harwood Private Equity portfolio company CoventBridge Group Ltd has acquired the Center for Medicare & Medicaid Services UPIC business for the Midwestern jurisdiction of the United States. The acquisition establishes the company as one of three Unified Program Integrity Contractors in the investigation of federal government healthcare fraud, waste and abuse.
Harwood Private Equity has acquired National Slimming and Cosmetic Clinics (NSC) with a management buy-in of the UK’s largest group of medicated weight-loss treatment centres. NSC has 26 clinics across the UK and will be led by chief executive officer Maurice Kelly, who has worked within the Harwood Private Equity portfolio before and has wide experience of multi-site businesses and the weight-loss sector.
Harwood Private Equity has achieved a full exit from its 2013 investment in Curtis Gilmour, a prominent US-based manufacturer of specialist pest-control equipment, and has invested into the new group created by its merger with Pelsis, a UK company and the leading European distributor of branded pest-control products. Harwood and another UK private equity investor are equity partners in the new enlarged group that will have a consolidated turnover of €125 million with significant potential for growth.