Charterhouse Capital Partners is a

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

based

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...

investment firm focused on investing in European mid-market companies valued between €200m and €1.5bn. The company targets investments across the services, healthcare, specialised industrials and consumer sectors.

History

Founded in 1934, Charterhouse Capital Partners is one of Europe’s oldest private equity firms. The firm's predecessors, then a division of

Charterhouse Bank Charterhouse Bank was a British investment bank. History Charterhouse Bank was incorporated as an investment bank in December 1920. In 1925, Charterhouse Investment Trust was created, with its first sponsored issue being that of International Pul ...

, began raising third party equity in 1976. In June 2001, the firm's management completed a

management buyout A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management-, and/or leveraged buyout became noted phenomena of 1 ...

from

HSBC HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tri ...

to become an independent investment firm.

Notable investment activity

In 2009, Charterhouse acquired

Wood Mackenzie Wood Mackenzie, also known as ''WoodMac,'' is a global research and consultancy group supplying data, written analysis, and consultancy advice to the energy, chemicals, renewables, metals, and mining industries. In 2015, the company was acquire ...

, selling its stake to

Hellman & Friedman Hellman & Friedman LLC (H&F) is an American private equity firm, founded in 1984 by Warren Hellman and Tully Friedman, that makes investments primarily through leveraged buyouts as well as growth capital investments. H&F has focused its efforts o ...

in 2012. In 2010, the company acquired Deb Group, a skincare product group, and sold its stake in 2015 to

SC Johnson S. C. Johnson & Son, Inc. (commonly referred to as S. C. Johnson) is an American multinational, privately held manufacturer of household cleaning supplies and other consumer chemicals based in Racine, Wisconsin. In 2017, S. C. Joh ...

, reportedly earning a return of over 2.5x. In 2010, they acquired

Card Factory Card Factory is a retailer of greeting cards and gifts in the United Kingdom founded in Wakefield by Dean Hoyle and his wife Janet. The first store opened in 1997, and by 2020 the company had over 1,000 stores. The company also operates two ...

, exiting its stake in 2015. In 2011, the company acquired ERM, and in 2015, sold its stake to

Omers The Ontario Municipal Employees Retirement System (OMERS) is a Canadian public pension fund, headquartered in Toronto, Ontario. OMERS is a defined benefit, jointly sponsored, multi-employer public pension plan created in 1962 by Ontario provinc ...

in a deal valued at $1.7 billion. In 2011, they acquired Webhelp, selling the company to

KKR KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strateg ...

in 2015. In 2013, Charterhouse acquired Doc Generici, an Italian pharmaceutical business, selling in 2016 to

CVC Capital Partners CVC Capital Partners is a Luxembourg-based French private equity and investment advisory firm with approximately US$133 billion of assets under management and approximately €157 billion in secured commitments since inception across American, E ...

. In 2013, the company acquired

Armacell Armacell is a manufacturer and supplier of industrial foams and flexible insulation materials, based in Luxembourg. It has over 3,135 employees and 25 production plants in 16 countries. History Armacell was the insulator manufacturing divis ...

in a €520 million deal and, in 2015, sold to a Blackstone led partnership in a deal valued at €960 million. 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. In 2017, the company acquired a majority stake in SERB, a

Brussels Brussels (french: Bruxelles or ; nl, Brussel ), officially the Brussels-Capital Region (All text and all but one graphic show the English name as Brussels-Capital Region.) (french: link=no, Région de Bruxelles-Capitale; nl, link=no, Bruss ...

headquartered specialty pharmaceuticals company. 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. 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 Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

backed SPAC in a deal valued at $2.6 billion.Goldman-backed SPAC to take Mirion Tech public in $2.6 bln deal

Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was estab ...

References

External links

Company website
Financial services companies based in the City of London Former HSBC subsidiaries Private equity firms of the United Kingdom 1934 establishments in England {{UK-private-equity-company-stub