Successful exit for CorpAcq

Prefequity is pleased to announce the exit of its 2013 investment in CorpAcq, the Manchester-based investment group, via a refinancing.

Headquartered in Altrincham, CorpAcq acquires stable, family-run industrial businesses with good cashflow and asset-backing in sectors such as building products, plant hire and materials handling. Over the 4 years of the investment CorpAcq’s portfolio has grown from 8 to 20 companies while group EBITDA has increased by more than three times over the same period.

Theo Dickens, Managing Partner of Prefequity, commented: “We are delighted with CorpAcq’s performance. The management team has been highly successful in executing its plan of completing value-enhancing acquisitions and driving operational performance to generate exceptional growth. This transaction showcases Prefequity’s philosophy of making investments with strong downside protection coupled with the opportunity to deliver highly attractive returns for its investors”.

Simon Orange, Chairman of CorpAcq, added: “Prefequity offered us a funding solution that was ideal for our needs at the time and have been highly supportive of the business. We have built a strong relationship with the team over the past four years and value their partnership-based approach.”