Portfolio

The current investments represent a diverse range of sectors.  We have backed ambitious management teams with aggressive growth plans

Our investments


Brasserie Bar Co

Brasserie Bar Co


Premium casual dining in restaurant and pub locations


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Ark Health

Ark Health


Nationwide provider of domiciliary and complex healthcare


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Allied PRA

Allied PRA


The leading destination management company in North America


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Cording Real Estate

Cording Real Estate


Commercial real estate investment and asset management


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Turbine Efficiency

Turbine Efficiency


Leading after-market service provider for industrial gas turbines.


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Historic investments


The Sanctuary Spa

The Sanctuary Spa

Total return: 5.5x              

Website: thesanctuary.com

Business: The Sanctuary operates the highly successful women's only day spa in Covent Garden, London. Joint ventures were negotiated with David Lloyd Leisure, and Oasis Holiday Village, and a retail product range was developed which sold through major UK retailers, principally Boots. The original funds invested were exited through a recapitalization before the sale of the business in 2008 to PZ Cussons for £75 million.                  

Luminar

Luminar

Total return: 11.7x             

Website: luminar.co.uk

Business:   Luminar Leisure had become the largest operator of late night, licensed venues in the UK. It operates restaurants, night clubs and entertainment venues under various brand names, including Chicago Rock Café, Liquid Night Clubs, and the London Hippodrome. Luminar floated in 1996 and subsequently became a FTSE 250 company. 

 

Club 18 - 30

Club 18 - 30

Total return: 2.8x                                 

Website: club18-30.com                               

Business: Club 18-30 is a leading youth holiday brand, focused on the 18-30 age bracket, primarily singles market in the UK. We backed the MBO, acquiring the business from the failed ILG Group, and realised our investment upon its reverse takeover of Flying Colours in 1995. 

Henry J Bean's

Henry J Bean's

Total return: 1.6x            

Website: henryjbeans.co.uk                                            

Business: Henry J Bean's is a branded owner and operator of themed Bar & Grills in the UK, with an international franchised business. We led a £3.5 million MBO from Capital Radio plc, and sold the business to the Hartford Group plc in 2005.

Loch Fyne Restaurants

Loch Fyne Restaurants

Total return: 2.4x              

Website: lochfyne.com                                                         

Business: Loch Fyne Restaurants has become the UK's largest chain of seafood restaurants, and one of the few successful brands at the premium end of the dining out market. It has a clearly defined offering, and benefits from preferential supply arrangements with Loch Fyne Oysters. We backed a management team well known to us. Loch Fyne was sold to Hutton Collins, winning 2005 Best Exit Award at the EIS Association, before its eventual sale to Greene King in 2006 for £70 million.

Kelway

Kelway

Total return: 9.1x              

Website: kelway.co.uk                   

Business: Core recognised the opportunity to grow Kelway by acquisition into a substantial business and to broaden its offering into services and related activities. This required a substantial involvement in identifying and negotiating 7 acquisitions, and enhancing the senior management team as the business grew rapidly in scale. During Core’s involvement Kelway grew from £45m of turnover to over £550 million and was ranked in the Sunday Times Profit Track 100 for most years during Core’s investment.  Core successfully realised the investment following a competitive auction process exiting to CDW Corporation in November 2014.

Espresso - Espresso Broadband

Espresso - Espresso Broadband

Total return: 2.0x              

Website: espresso.co.uk                          

Business: Established in 1997, Espresso Group is the UK market leader in the provision of broadband, video and multi-media educational resources. Nearly 10,000 primary schools subscribe to its video-rich Espresso Primary service, which has won multiple industry accolades, including six BETT awards and a BAFTA.

Espresso attracted a strategic investment from ITN before acquiring 4 Learning from Channel 4. Espresso Group was sold to Discovery Communications, Inc. in November 2013.

Mergermarket

Mergermarket

Total return: 13.7x             

Website: mergermarket.com                                   

Business: Mergermarket is a leading Mergers and Acquisitions (M&A) intelligence service. Mergermarket specializes in providing forward-looking origination and deal flow opportunities integrated with a comprehensive deals database delivering customized digital information to subscription clients The business established locations in London, New York and Hong Kong before its sale to the Financial Times Group in 2006 for £145 million, a multiple of 7.25x historic turnover.  

Adapt

Adapt

Total return: 2.0x              

Website: adaptplc.com                                        

Business: Adapt is a leading independent IT managed services provider, with a focus on co-location and data hosting, connectivity and Internet, managed services, and cloud services.  We backed the MBO of MNET (subsequently rebranded as Adapt) from a family-controlled office services company. Existing management provided a material amount of equity funding to the transaction, and Core's funding was largely provided as a mezzanine loan.  Core successfully exited its mezzanine investment in Adapt following the completion of a £30m acquisition backed by Lyceum Capital.

Copyright Promotions

Copyright Promotions

Total return: 2.2x              

Website: cplg.com                                                               

Business: Copyright Promotions Group is Europe's leading independent merchandising business, acting for copyright owners in Entertainment, Brands and Sport. Examples include Star Wars, Mr. Men, Peanuts and the Football World Cup. We backed the MBO from the receiver of ISL Group, completing the transaction in a few weeks and retaining the rights portfolio. The business was sold to management in 2005.                             

Camwatch

Camwatch

Total return: 2.4x             

Website: camwatch.co.uk                                                                                                                          

Business: Camwatch is a designer, supplier and installer of detector activated remote CCTV monitoring systems and provides a 24/7 remote monitoring service for over 20,000 cameras across the UK and abroad.  Core provided mezzanine funding to Camwatch in 2008 to fund the roll out of the company's main product, the rapid deployment tower ("RDT") systems.   Core successfully realised its mezzanine investment as part of a trade sale to VPS Holdings Limited. 

Link Licencing

Link Licencing

Total return: 4.1x              

Website: N/A                                             

Business: Link has grown to become a leading UK based merchandising business and is the European head licensee for Barbie. It was acquired by Entertainment Rights Plc. in 2001. 

Augentius

Augentius

Return: 3.7x               

Website: .augentius.com

Business: Augentius is a focussed Private Equity and Real Estate fund Administration business.  They administer over 350 funds on behalf of over 150 clients. They have 400 staff, across 10 international offices.  Core capital supported the buyout alongside others and the position was bought by management shareholders in September 2013 realising 3.7x for Core Investors.

SPL

SPL

Total return: up to 2.4 x

Website: www.pdpcouriers.com

Business: SPL, operating under the brand of PDP Couriers, is a specialist courier for clinical trials, transport of clinical and medical research and logistics management.  Operating globally, PDP provides solutions for time critical and temperature sensitive shipments for pre-clinical trial and phase I -IV clinical trial material, clinical trial drugs and support of managed access programs.  We supported the buyout of the business in 2007 and its turnover more than quadrupled during the investment period through organic growth and international expansion.  The business was sold to Air Liquide in 2016.