Private Equity Firm Financial Services

Equistone

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.

Focus Areas
Private Equity, Mid-market Buyouts, Value Creation
Website
equistonepe.com

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

Equistone Acquisition Volume by Year

Last 7 years

Acquisition volume by year Annual acquisition counts for the last 7 years for Equistone. 14 2019 9 2020 16 2021 11 2022 6 2023 3 2024 5 2025

Supporting Data

Recent Transactions

Showing the 12 most recent of 64 tracked deals for Equistone.

  • Buyer
    BUKO Group, Funds advised by Equistone
    Target
    Keltic Traffic Management Limited
    Industry
    Transportation
    Location
    Greater London, United Kingdom
    Type
    Addon

    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.

  • Buyer
    adm Group, Equistone Partners Europe
    Target
    Indicia Worldwide
    Seller
    Konica Minolta, Inc., Konica Minolta Marketing Services Holding Company Limited
    Location
    England, United Kingdom
    Type
    Addon

    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.

  • Buyer
    BUKO Group, Funds advised by Equistone
    Target
    Road Rental Scandinavia AB
    Industry
    Transportation
    Location
    Stockholm County, Sweden
    Type
    Addon

    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.

  • Buyer
    TIMETOACT GROUP, Equistone Partners Europe
    Target
    beBOLD GmbH
    Seller
    beBOLD shareholders
    Industry
    IT Services
    Location
    Hamburg, Germany
    Type
    Addon

    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.

  • Buyer
    QuestGates, Equistone Partners Europe
    Target
    Toppings Forensic Accountants, Brownsword Group
    Industry
    Insurance
    Location
    England, United Kingdom
    Type
    Addon

    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.

  • Buyer
    Equistone Partners Europe
    Target
    QuestGates
    Seller
    Existing QuestGates shareholders (management team and employees)
    Location
    West Midlands, United Kingdom

    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.

  • Buyer
    Andra Tech Group, Equistone Partners Europe
    Target
    Lucassen Groep
    Seller
    Daniël Gulikers
    Industry
    Manufacturing
    Location
    Limburg, Netherlands
    Type
    Addon

    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.

  • Buyer
    BUKO Traffic & Safety, Equistone
    Target
    Road Traffic Solutions Limited
    Seller
    Ben Dexter
    Industry
    Transportation
    Location
    Lincolnshire, United Kingdom
    Type
    Addon

    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.

  • Buyer
    Andra Tech Group, Equistone
    Target
    Lemmens Metaalbewerking
    Industry
    Manufacturing
    Location
    North Brabant, Netherlands
    Type
    Addon

    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.

  • Buyer
    CH&CO, Equistone Partners Europe
    Target
    Blue Apple, Pabulum
    Location
    United Kingdom
    Type
    Addon

    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.

  • Buyer
    Talon, Equistone Partners Europe
    Target
    Evolve, Novus Canada
    Seller
    Novus Media LLC
    Location
    United Kingdom
    Type
    Addon

    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.

  • Buyer
    Andra Tech Group, Equistone Partners Europe
    Target
    DKH Metaalbewerking B.V.
    Seller
    Francois van Hirtum
    Industry
    Manufacturing
    Location
    North Brabant, Netherlands
    Type
    Addon

    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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