Head office: Blackpool
Transaction type: Refinancing
Date of Investment: July 2017
Status: Realised
Sector: Industrials

Lancashire-based CaviTech Solutions designs and manufactures complex high-precision injection moulds for the personal-care and medical sectors.

Formed in 1955, the company has continually invested in the latest technology and processes to build a strong market position in its chosen sectors.

CaviTech’s highly automated manufacturing capability enables it to build repeatable series of interchangeable moulds that are delivered to market-leading customers around the world.

The Prefequity team delivered a flexible funding package that closely met our objectives and our timetable
— Chris Smith, Managing Director at CaviTech
We are delighted with the performance of our investment in CaviTech. It’s further evidence of our ability to deliver high double-digit returns to investors with strong downside protection by identifying and backing first-class businesses
— Theo Dickens, Managing Partner at Prefequity

Head office: London
Transaction type: Growth capital
Date of Investment: August 2017
Status: Realised
Sector: Business Services

TLC Marketing Worldwide is the award-winning specialist promotional agency that runs innovative campaigns for global consumer brands.

Headquartered in London, the company runs over 500 campaigns each year out of its network of 19 offices covering every continent.

Campaigns are designed to bring brands “alive” by offering consumer experiences that drive acquisition, retention and loyalty through strategically planned conceptual promotions. Clients include 60 of Fortune’s Top 100 brands.

We are delighted with the performance of our investment in TLC Marketing. It’s further evidence of our ability to deliver high double-digit returns to investors with downside protection by identifying and backing first-class owner-managers that are looking for a non-controlling alternative to private equity
— Theo Dickens, Managing Partner at Prefequity
I’d like to thank our partners at Prefequity for the significant contribution they have made to the business, which has been a major driver of our growth in recent years. The capital and advice provided by Prefequity have played a vital part in our ongoing success story
— Nick True, Chairman of TLC Marketing Worldwide

Head office: Cheshire
Transaction type: Buy-out
Date of Investment: July 2018
Status: Realised
Sector: Construction

WPI Group is a long-established provider of civil engineering, groundwork and surfacing services to housebuilders in North West England.

Established in 1979, the company benefits from deep market experience and embedded relationships with blue-chip housebuilders and construction firms.

As one of the region’s largest civil engineering businesses, it has a reputation for high-quality on-time delivery of groundworks and detailed knowledge of local ground conditions. Delivering a consistently excellent service has allowed the business to build a healthy pipeline of housing developments with large regional housebuilders.

We are delighted with the performance of our investment in WPI. It’s further evidence of our ability to deliver attractive double-digit returns to investors with downside protection by identifying first-class businesses and backing them with robust capital structures
— Nick Petrusic, Senior Partner at Prefequity