Graphite Capital

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Graphite Capital
Industry Private Equity
Predecessor Foreign & Colonial Ventures Ltd.
Founded 1981; 36 years ago (1981)
Headquarters London, United Kingdom
Key people
Rod Richards
Products Investments, private equity funds
Total assets £800 million

Graphite Capital is a private equity firm focused on mid-market leveraged buyout investments, primarily in the UK. The group manages around £800 million for institutional investors, with the most recent fund raising just over £500 million.[1] Since 1991, the firm has backed almost 100 management teams through various investments.

Until February 2016, the firm managed a listed investment trust, Graphite Enterprise Trust, a diversified private equity fund of funds platform. The management contract was transferred to Intermediate Capital Group.[2]

The firm has managed private equity funds since 1981 and in 2001 became fully independent. The firm has a single office at Berkeley Square House in Berkeley Square in London's West End. The firm's Managing Partner is Rod Richards, who joined in 1986.


Foreign & Colonial Enterprise Trust, a UK listed vehicle, was the first fund to be managed by Graphite Capital. It was established in 1981 with a £10 million initial public offering on the London Stock Exchange. The firm has raised and managed eight listed and unlisted funds to date.

Graphite was originally part of F&C Asset Management and was known as Foreign & Colonial Ventures Ltd. The firm remained a subsidiary of F&C Asset Management until 2001, when the Graphite team completed a management buyout.[3][4][5]


The firm is currently investing its eighth fund, which has backed the following companies:

- City & County Healthcare - a provider of home care services in the UK[6]

- ICR Group - a provider of repair and maintenance services to the energy sector[7]

- nGAGE Specialist Recruitment (formerly Human Capital Investment Group) - a recruitment business serving a range of niche areas within the public and private sectors[8]

- Aero Technics Group - a civil aircraft maintenance business focusing on cabin services[9]

- New World Trading Company - a pub restaurant group[10]

- Beck & Pollitzer - an industrial machinery installation and relocation specialist[11]

Graphite's seventh fund, which was raised in 2007[12] and invested until 2013, backed companies including:

- Kurt Geiger - the luxury shoe retailer and wholesaler

- Education Personnel - a provider of supply teachers and teaching assistants to state schools in the UK[13]

- Alexander Mann Solutions - a provider of recruitment process outsourcing[14]

- National Fostering Agency - an independent children's fostering agency

- London Square - a house builder focused on prime sites within the M25[15]

- Willowbrook Healthcare - a developer and operator or premium elderly care homes[16]

Graphite's current portfolio also includes:

- U-POL - a manufacturer and distributor of automotive refinishing products[17]

- Micheldever Tyre Services - a tyre wholesaler and retailer

- Explore Learning - a provider of after school tuition for children aged between 5 and 14[18]

- Hawksmoor - the operator of premium steak restaurants[19]

- Corbin & King (formerly Rex Restaurants) - the operator of signature restaurants in London[20]

Earlier investments include the Groucho Club which was sold in July 2015,[21] Dominion Oil & Gas,[22] NES Group,[23] Wagamama[24] and Park Holidays.[25]


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  3. ^ F&C Ventures bought out by management. Money Marketing, April 26, 2001
  4. ^ Management to buy F&C Ventures. The Telegraph, Apr 22, 2001
  5. ^ F&C Ventures becomes Graphite Capital. Investments & Pensions Europe, Apr 24, 2001
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  21. ^ Cotterill, Joseph (18 June 2015). "Groucho Club sold by private equity firm". Financial Times. Retrieved 3 September 2015. 
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