News

ESO Capital announces acquisition of Core Capital - 2018-05-10

Enlarged firm to invest across capital structure, providing hybrid capital solutions,
ranging from senior debt to equity

10 May 2018: ESO Capital Partners UK LLP (“ESO Capital”), the provider of hybrid capital solutions to small and medium-sized companies, announces today that it is acquiring Core Capital Partners LLP (“Core Capital”), the UK lower mid-market private equity fund, for an undisclosed amount.

The combined business will continue its focus on supporting SMEs across northern Europe, investing up to €40 million in complex transactions. The firm will invest across the capital structure, providing hybrid capital solutions, ranging from senior debt to equity.

Following the acquisition, Core Capital’s founders, Walid Fakhry and Stephen Edwards, will join the ESO Capital management board, alongside ESO Capital founder Alex Schmid and partners Richard Butler and Christian Fritsch. Alex Schmid will remain as CEO of the enlarged firm.

The acquisition of Core Capital by ESO Capital is a natural extension of the firms’ long-standing relationship. The firms have a proven track record of working together over recent years, most notably through their joint backing of Brasserie Bar Co, the restaurant operator. Between them, ESO Capital and Core Capital have completed more than 75 deals to date and raised funds of more than €1.1 billion.

Alex Schmid, CEO of ESO Capital, commented:
“We are delighted to be acquiring Core Capital, having developed a strong working relationship through our mutual backing of businesses. Core Capital’s expertise in the lower mid-market private equity arena will prove invaluable as we continue to grow and provide bespoke capital solutions to the SME market, which is highly fragmented and underserved. We very much welcome Walid, Stephen and their team.”

Walid Fakhry, Managing Partner of Core Capital, added:
“ESO Capital is a very successful business with a great reputation. Having got to know Alex and the team well over a number of years, we are excited to formalise our partnership and become part of the ESO team. Together, we will be able to better support small and medium-sized businesses across German-speaking Europe, the Benelux region and the Nordics, as well as the UK.”

For further information
Matthieu Roussellier, Matthew Goodman, Clare Glynn
Greenbrook Communications
+44 207 952 2000

About ESO Capital
ESO Capital is a London-based investment firm providing hybrid private-capital solutions to European small and medium-sized enterprises (SMEs). ESO Capital’s acquisition of Core Capital is subject to regulatory approval and will combine its debt capabilities with Core Capital’s equity expertise. With over 75 deals completed and more than €1.1 billion of funds raised to date, the enlarged ESO Capital team will have the expertise and flexibility to invest up to €40 million in any given transaction, across the capital structure, from senior debt to equity. The team works closely with business owners and management teams to structure innovative, bespoke financing solutions and offer enhanced portfolio company support.

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