Tracked deals
64
64 tracked deals across 2019-2025.
London, United Kingdom
European mid-market private equity firm that invests alongside management teams and supports portfolio-company growth through organic initiatives and strategic acquisitions. Equistone has historically invested across Benelux, France, Germany, Switzerland and the UK, and continues to manage its existing portfolio.
Tracked deals
64
64 tracked deals across 2019-2025.
Recent pace
0
0 tracked deals announced in the last 12 months.
Deal mix
Addon
37 addon · 25 buyout · 2 growth capital
Last 7 years
Supporting Data
Showing the 12 most recent of 64 tracked deals for Equistone.
BUKO Group, backed by funds advised by Equistone, has acquired Keltic Traffic Management Limited, a London-based specialist in temporary traffic management. The deal strengthens BUKO's presence in the Greater London area as part of its broader UK and European expansion strategy.
Equistone Partners Europe–backed adm Group has agreed to acquire Indicia Worldwide, the marketing communications and production business formerly owned by Konica Minolta. The transaction, subject to customary regulatory approvals, is expected to complete in Q2 2025 and will expand adm's global footprint and service offering across creative, data, production and procurement capabilities.
BUKO Group, a Netherlands-headquartered temporary traffic management provider backed by funds advised by Equistone, has acquired Sweden-based Road Rental Scandinavia AB. The acquisition gives BUKO immediate entry into the Swedish market and strengthens its ambition to become the leading temporary traffic management provider across Europe.
TIMETOACT GROUP, a Cologne-headquartered IT services group backed by Equistone Partners Europe, has acquired Hamburg-based cloud transformation consultancy beBOLD GmbH. The add-on deal strengthens TIMETOACT's cloud consulting and digital-transformation capabilities as part of its ongoing buy-and-build strategy; beBOLD's founders will remain in leadership roles.
Equistone Partners Europe-backed QuestGates has acquired Manchester-based Toppings Forensic Accountants and Brownsword Group to expand its specialist motor claims and investigation capabilities. The undisclosed transactions will enable QuestGates to offer end-to-end outsourced motor investigation and forensic accounting services, strengthening its position in the loss adjusting and claims solutions market.
Equistone Partners Europe has made a significant minority growth investment in QuestGates, the UK’s largest independent provider of complex loss adjusting and claims solutions. QuestGates, headquartered in Birmingham with c.500 employees and £41m revenue in FY2023/24, will continue to be led by CEO Chris Hall and remain majority-owned by its management team and employees; the capital will support organic growth, capability development and further acquisitive expansion.
Andra Tech Group, a portfolio company backed by funds advised by Equistone Partners Europe, has acquired Netherlands-based Lucassen Groep, a specialist in high-precision manufacturing and cleanroom assembly. The add-on strengthens Andra Tech Group’s position in its home market of the Netherlands and expands its technological capabilities serving semiconductor, analytical and optics end markets; selling shareholder Daniël Gulikers will remain as managing director.
BUKO Traffic & Safety, a Netherlands-based traffic and safety management group backed by funds advised by Equistone, has acquired a majority stake in UK-based Road Traffic Solutions Limited (RTS). The deal — sold by RTS Chairman and shareholder Ben Dexter — marks BUKO's first expansion outside the Netherlands and provides a foothold in the UK as part of a buy-and-build strategy; financial terms were not disclosed.
Andra Tech Group, a portfolio company backed by Equistone, has acquired Netherlands-based Lemmens Metaalbewerking. The undisclosed deal brings c.40 employees and large-scale milling and post-processing capabilities into Andra’s platform, further expanding its manufacturing footprint in the Netherlands.
Equistone-backed CH&CO has completed two bolt-on acquisitions, buying workplace caterer Blue Apple and education caterer Pabulum to expand its workplace and education portfolios in the UK. Financial terms were not disclosed; Blue Apple serves 58 locations with turnover of £14m and nearly 300 employees, while Pabulum (based in Fleet, Hampshire) operates in over 100 schools with turnover of £28.5m and over 800 employees.
Equistone-backed global OOH agency Talon has completed two bolt-on acquisitions, acquiring London-headquartered Evolve and Canadian OOH agency Novus Canada. The deals (financial terms undisclosed) add roughly £100m in billings and form part of Talon’s buy-and-build international expansion strategy to strengthen its OOH capabilities and establish a Canadian foothold.
Andra Tech Group, an Equistone-backed precision manufacturing platform, has acquired DKH Metaalbewerking B.V., a Dutch specialist in CNC milling and turning, from founder and CEO Francois van Hirtum. The add-on expands Andra Tech Group's footprint in the Netherlands and augments its capabilities in automated precision metal component production for end markets including food processing, automotive and medical equipment.
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