Tracked deals
5
5 tracked deals across 2022-2026.
Private Equity Firm
Financial Services
Three Hills
London, England, United Kingdom
Three Hills is an asset management platform providing bespoke capital solutions to mid-market companies in Europe and North America through three strategies: Capital Solutions, Impact, and Credit. It offers downside-protected financing (e.g., senior debt and preferred equity) while enabling management teams and entrepreneurs to retain control.
- Focus Areas
- Alternative asset management, Structured/alternative credit, Preferred equity / structured financing
- Website
- www.threehills.com
Recent pace
1
1 tracked deal announced in the last 12 months.
Deal mix
Growth capital
2 growth capital · 1 addon · 1 buyout
Three Hills Acquisition Volume by Year
Last 3 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
September 11, 2026
- Buyer
- Toscafund Asset Management, Three Hills, Ares
- Target
- Spire Healthcare Group
- Industry
- Healthcare Services
- Location
- United Kingdom
- Type
- Buyout
Spire Healthcare Group has agreed to be acquired by a consortium of funds managed by Toscafund Asset Management, Three Hills and Ares in a deal valuing the UK private healthcare operator at about £1.026 billion. The consortium will pay 250 pence per Spire share, representing a 66% premium to the company’s market capitalization on May 13, and shareholders holding about 53.4% have agreed to support the offer.
-
December 15, 2023
- Buyer
- Three Hills, Three Hills Capital Solutions IV (THCS IV)
- Target
- LCap Group Limited
- Industry
- Staffing & HR
- Location
- England, United Kingdom
- Type
- Growth capital
Three Hills has made a £32.5 million growth investment in London-headquartered LCap Group to support the company's active M&A strategy and expansion into new sectors and geographies. LCap Group is a specialist leadership advisory, executive search and analytics firm (brands include Drax, Rowan and Altus) serving PE-backed and high-growth companies; the capital will be used to accelerate M&A-led growth and broaden the group’s data‑driven services.
-
- Buyer
- Three Hills Capital Partners
- Target
- Kernel Global
- Industry
- Staffing & HR
- Location
- United Kingdom
- Type
- Growth capital
Three Hills Capital Partners has made a preferred capital investment into Kernel Global, acquiring a significant minority stake to support the group's M&A-driven and organic growth plans. The funding will back Kernel — a London-headquartered multi-brand recruitment platform (including Dartmouth Partners and Pure Search) — as it continues to scale its specialist recruitment services globally.
-
October 19, 2022
- Buyer
- Three Hills Capital Partners, Three Hills Capital Solutions IV (THCS IV)
- Target
- CareTech
- Industry
- Healthcare Services
- Location
- United Kingdom
- Type
- Recapitalization
Three Hills Capital Partners, via its Three Hills Capital Solutions IV vehicle, provided £67.9 million of preferred capital as part of a £238 million syndicate to fund the delisting of UK social care provider CareTech from the AIM. The investment supports a take‑private/recapitalization of CareTech, a leading provider of specialist social care, supported living and education services for adults and children in the UK.
-
July 13, 2022
- Buyer
- Recycling Lives, Three Hills Capital Partners
- Target
- John R. Adam and Sons Ltd
- Industry
- Environmental Services
- Location
- Scotland, United Kingdom
- Type
- Addon
Recycling Lives, a portfolio company backed by Three Hills Capital Partners, has acquired Glasgow-based metal recycler John R. Adam and Sons Ltd. The bolt-on expands Recycling Lives’ UK footprint to 23 locations, enhances export capability via JRA&S’s deep-water berth and 600 tpd processing capacity, and supports planned investment to increase capacity and jobs as the Group targets c.£300m turnover and 550+ staff.
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