Harwood Private Equity VI LP holds its first closing of £100 million

Harwood Private Equity VI LP (HPE6) held its first closing of £100 million on 21 June 2024.  HPE6 will follow the same successful strategy of its predecessor funds, investing predominantly in control positions in select sectors in the UK lower mid‐market.  The Fund will continue Harwood’s renowned specialisation in public-to-private transactions.  The Fund remains open to investors up to a hard cap of £200 million.

Harwood Private Equity acquires Crest Foods

Harwood Private Equity has acquired Crest Foods.  Based in Illinois, Crest was run by the Meiners family since 1950. It is a leading US manufacturer and supplier of dairy stabilisers, and operates as a contract food packager and packaged-food product developer. Its customers include both branded and private label food companies.

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Harwood Private Equity exits Assisi

Harwood Private Equity has sold Assisi Pet Care Limited, a European manufacturer and supplier of pet food and treats. Assisi was established in 2020 to execute a roll-up in the pet care sector. It has successfully completed and integrated four acquisitions and operates out of both Poland and the UK selling into a number of European markets. Assisi was sold to a US-based private equity buyer.

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Harwood Private Equity exits Vegner

Harwood Private Equity has sold Vegner Holdings Limited (previously called HML Group Holdings Limited), a leading UK residential property management business. Under Harwood Private Equity’s ownership Vegner expanded through acquisition, organic growth, new product development, and significant investment in people and operations. Vegner was acquired through a public-to-private acquisition in 2020 and sold to a private equity-backed trade buyer.

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Harwood Private Equity exits Utitec

Harwood Private Equity has sold its investment in Utitec, a leading supplier of precision-stamped miniature component parts used in the manufacture of medical devices and disposables, based in Connecticut, USA.  Under Harwood Private Equity’s ownership, Utitec expanded its operational capabilities and product range through organic investment and two significant acquisitions.  Harwood Private Equity acquired Utitec in December 2012 and sold the company to a US- based trade buyer.

SMT corporation
Harwood Private Equity acquires SMT

Harwood Private Equity has acquired SMT Corporation through a management buy out. SMT is a supplier of obsolete and hard-to-find critical electronic components that it locates, tests, certifies and re-sells.  SMT’s main focus is on the US defence & aerospace industry, which demands the highest in component quality, traceability and inspection documentation for high-reliability applications.

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Assisi Pet Care acquires Pet Munchies

Harwood portfolio company Assisi Pet Care has acquired Pet Munchies Holdings Limited, the multi-award winning premium natural dog and cat treats brand.

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Medica Packaging acquires Curtis

Harwood portfolio company Medication Packaging Holdco Limited, the holding company of Medica Packaging, has acquired F.G. Curtis plc, based in Redhill, Surrey. Curtis specialises in the manufacture of folding cartons for the personal care market.