Montagu Private Equity
|Products||Leveraged buyout, Management buyout|
|Total assets||$4 billion|
Montagu Private Equity (formerly HSBC Private Equity) is a European private equity firm with headquarters in London. Founded in 1968, in 2017 it was reported to have over €4 billion of fund assets under management. It has invested in over 400 businesses over the last four decades. Montagu also has offices in London, Düsseldorf, Manchester, Paris and Warsaw.
The firm was founded in 1968 as a division of Midland Bank after Midland's acquisition of Montague Trust, owner of Samuel Montagu & Co.. HSBC revived the Montagu name in 2003 after acquiring Midland Bank in 1992. MLLP Holdings, indirectly owned by Montagu's management team, acquired 80.1% of Montagu shares in 2003, and in 2013, purchased the remaining 19.9% from HSBC.
The primary investment focus of Montagu is on management buyouts of companies that operate in stable markets with transaction values ranging from €100 million to €1 billion. Montagu does not have target industry sectors, instead it looks for “businesses offering products or services that are differentiated and would otherwise be badly missed”.
Previous investments include airfield lighting business ADB, survival suit manufacturer Hansen Protection, hair products manufacturer GHD, medical products provider BSN Medical and Marlow Foods, the owner of the Quorn brand.
In September 2015, Montagu Private Equity held a final close of its fifth fund, amassing £2.75 billion.
In November 2017, the firm completed the purchase of the Sheffield based company Servelec Group for £223.9m which entails Servelec Health and Social Care (known for: EPR, PAS, RiO, Oceano, Flow;), Servelec Technologies (SCADA) and Servelec Controls (Mission critical).
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