UK-based European private equity firm TDR Capital has made a majority investment in CorpAcq, a business acquisition compounder based in Altrincham, UK, which specialises in investment in UK SMEs with a focus on industrial products and services.
Founded in 2006 by Simon Orange, CorpAcq’s current portfolio consists of a diversified group of 43 companies.
CorpAcq’s model allows founders to maintain management control and keep their existing brand. Being a long term, strategic investment partner that offers operational support to the businesses it owns has helped CorpAcq grow adjusted EBITDA by 17% per annum over the last five years, reaching £697m of revenues and £119m of adjusted EBITDA in the financial year ended 2023.
Simon Orange and the existing CorpAcq management team will maintain a significant shareholding and continue to run the business.
According to a press statement, TDR’s investment in the business will primarily support future CorpAcq acquisitions.
The deal is expected to close in Q1, subject to regulatory approvals.
Barclays and Paul, Weiss, Rifkind, Wharton & Garrison advised TDR. CorpAcq shareholders were advised by UBS and Reed Smith.
