Abercross provides growth equity and buyout capital to profitable, UK-based businesses. We are independent, FCA regulated, and enable international family offices and institutions gain exposure to private UK investment opportunities.
We support UK businesses with patient capital and strategic capabilities enabling them to meet their growth ambitions; and provide our investors attractive, income generating private equity investment opportunities managed in a risk-conscious way.
For our investee companies: bespoke, patient, aligned, and supportive capital, flexibility on structure, strategic capabilities and an international network for UK companies with growth ambitions beyond the UK.
For our investors: multi-sector, largely proprietary deal flow, transparent engagement, income generating investments with a capital preserving base case, a focus on growth and operational improvements rather than financial engineering, strong institutional infrastructure and regulatory oversight, and an aligned incentive structure.
We deal fairly with all stakeholders and seek to build lasting relationships; and, we make timely, informed, and robust decisions to the benefit of both our investors and potential investee companies.
Market: focused on the private UK mid and lower-mid cap market (i.e. privately owned companies with enterprise value of up to £150m)
Sectors: flexible but with a preference for the consumer, education, healthcare, and business services sectors. We do not invest in real estate, start-ups, or turnarounds
Growth: track record and growth potential and a business plan that can be readily implemented
Structure: able to take minority or majority positions
Management: motivated and aligned management teams with relevant skills and a strong track record
Duration: patient capital with a flexible investment horizon
Deal sizes: between £10-50m of equity, but we are flexible in case of exceptional opportunities
Returns: we look for investments that can be income generating and have significant upside potential; balanced with a focus on capital preservation and effective risk management
Our investment team has three partners with over 55 years of transaction and operating experience between them at companies including McKinsey, SABMiller, SEDCO, Shell, and PwC.
Alex Loudon leads deal origination, and is engaged across deal execution, investor relations, and post acquisition work. He sits on the Board of B4U Media, Complete Business Solutions, and is an observer on the Typhoo Tea Board. Prior to Abercross, Alex co-founded Power of Boxing (of which he still serves on the Board), worked as a senior executive in the global M&A team at SABMiller plc, and before that gained M&A experience at Bristow Group, Hawkpoint, and Caledonia Investments. Alex began his career as a professional cricketer playing county and international cricket. Alex was educated at the University of Durham, and has an MBA with finance concentration from London Business School.
Andrew Woodhouse leads deal execution, and is engaged across deal origination, investor relations, and post acquisition work. He sits on the Board of Typhoo Tea, and Complete Business Solutions (of which he is Chairman of the Audit Committee). Prior to Abercross, Andrew was a director of corporate finance and development at SABMiller plc, where for 15 years he helped shape its global business through acquisitions, mergers and disposals, and before that was a director in Transaction Services at PwC. Andrew is a Fellow of the Institute of Chartered Accountants in England & Wales and received an MBA from Henley Management College and a B.Sc. in Civil Engineering from the University of Warwick.
Issam Hamid leads post-acquisition work and investor relations, and is engaged across deal origination, and deal execution. He sits on the Board of Typhoo Tea, and B4U Media (of which he is Chairman). Prior to Abercross, Issam was Chief Investment Officer with the Saudi Royal Family and SEDCO Holding where he managed large, global portfolios, and before that worked in senior positions at McKinsey and Shell across Asia, Europe and Latin America, as well as serving on various boards in the UK, Middle East and Asia. Issam was educated at the London School of Economics and has an MBA from the University of Warwick; winning prestigious merit scholarships at both universities.
We have a range of sector specialists and advisers to support management teams in the execution of their business plans, establishing good governance, and supporting their growth initiatives. They also support deal origination and transaction execution.
Gerald Corbett was educated at Cambridge University, the London Business School and Harvard Business School. He has over 30 years' experience with leading UK businesses as a senior executive, chairman and board member. He is currently serving as the Chairman of the MCC, Segro plc (the international industrial and property logistics group), and Britvic plc (the international soft drinks business). In his executive career Corbett was Group Finance Director of Redland plc (the international building materials company), Group Finance Director of Grand Metroplitan plc (the food and drinks conglomerate) and Chief Executive of Railtrack. He has served as a non-executive director of MEPC plc, Burmah Castrol plc and Greencore plc. He was also Chairman of the Woolworths Group (retail), Numis (the investment banking and stockbroking business),Towry Group (wealth management), Moneysupermarket.com (when he led their flotation), SSL International (the consumer healthcare group), and Betfair plc (the online gaming business). He lives in Hertfordshire, where he was High Sheriff in 2010. His wife Virginia is an artist and they have four grown-up children.
Tim Farazmand was educated at Cambridge University. He has nearly 30 years' experience in private equity in the UK and has served as Chairman of the British Private Equity & Venture Capital Association (BVCA) in 2014-15. Tim has served on numerous boards as well as in senior executive positions at 3i plc, Royal Bank Private Equity and latterly LDC (private equity arm of Lloyds Bank) where he was the Managing Director until 2015. Tim has a strong reputation as a relationship-based investor, taking a collaborative approach to creating value with every management team he supports. Tim now Chairs the Palatine Impact Fund, is a member of the LMS plc Investment Committee and the Advisory Board of Beechbrook Capital where he sits on the Valuations Committee. He also sits on the boards of ClearlySo and the Ethical Property Company as an independent non-executive director. Tim is based in Kent with his wife and children.
Lord Strathclyde (CH, PC) has almost 30 years of senior government experience in the UK. He entered the House of Lords in 1986, becoming Minister for Tourism in 1989. Between 1990 and 1992 he was Minister for Agriculture and Fisheries in the Scottish Office. In 1995, Tom was sworn in as member of the Privy Council which advises Her Majesty the Queen. In 1998 he was appointed as Leader of the House of Lords for the Conservative Party. Under his leadership the House of Lords Act 1999 passed and he was elected as one of the 92 hereditary peers to remain in the House of Lords. He won Channel 4 Peer of the Year 2000, and Spectator Peer of the Year 2004. Strathclyde became Leader of the House of Lords and Chancellor of the Duchy of Lancaster, with a seat in the Cabinet in May 2010. On 7 January 2013, Strathclyde announced that he would be stepping down as Leader of the House of Lords and resigning from the Cabinet to pursue a second business career. He has served on the Boards of the Scottish Mortgage Investment Fund, Marketform, Hampden Agencies Ltd and other businesses. Tom is married with three daughters and lives with his family in Westminster, London and at the Galbraith family estate in Mauchline, Scotland.
Our portfolio companies benefit from patient capital, supportive partners, flexibility on structure, strategic capabilities and an international network for UK companies focused particularly on growth ambitions beyond the UK.
Typhoo Tea is a 114 year old British Company which is a market leader in tea innovation, blending, manufacturing and distribution. It is the 2nd largest UK tea player serving leading retailers including Harrods, Tesco, Morrisons, Asda, Lidl, and owns established brands such as Typhoo and Heath & Heather. Abercross has a significant minority stake in Typhoo Tea Ltd.
The company's commercial strengths include: robust supply chain via shareholders who are leading tea producers and traders in India and Africa, experienced management team and workforce, private label contracts which offer strong visibility and retailer relationships, broad export footprint provides diversification of revenue streams, and Heath & Heather infusions range offering exciting growth prospects.
"We are delighted that Abercross has invested in our business. Their professionalism and collaborative approach has been refreshing, and we are already benefiting from their strategic and operational expertise in helping to drive our business to the next level."
CEO Typhoo Tea Ltd.
B4U was founded in 1999 and is one of the world’s leading Asian entertainment networks, with a focus on Indian and Bollywood movies and music. It distributes content across TV, radio, print, cinema, social media, and other digital channels in over 100 countries with 50m daily viewers across North America, Europe, Middle East, Africa, and Asia.
The business is headquartered in London and has offices in Dubai, Mumbai, Delhi, and New York. It employs over 150 full-time staff, and has won numerous industry awards, including Best Music Channel award for three consecutive years by the Asia Viewers Television Awards (AVTA).
The media and entertainment market in India is large, at US$37bn annual revenues, and is set to grow up to 15% p.a. over the next 5 years.
Complete Business Solutions (“CBS”) is a leading business services (top 5) supplier to UK-based commercial organisations. The company’s origins date back to 1890, as part of Eagle Press which started as a book supplier then expanded into other office products and services, and in 1995 was created as a standalone entity (with HQ in Wakefield).
Through a series of M&A and organic growth, CBS now operates across 8 regions, with 16 sites and over 650 employees. It is a one-stop-shop for office supplies (>170k products) and services (16 verticals) to allow clients to save time, money and effort through best-in-class customer service available nationally using specialist people in specialist areas. The business is one of the pioneers in taking advantage of the trend to vendor consolidation currently underway in the business services and GNFR (goods not for resale) sector.
We are an institutionalised firm with strong regulatory oversight. We offer our Investors a multi-sector, largely proprietary deal flow in profitable UK businesses. We engage transparently with our investors, with a fee structure that is performance driven. We are risk conscious and drive value through operational improvements rather than financial engineering.
Our investor base comprises leading, reputable UHNW individuals, family offices and institutions based in the Middle East, Asia and the USA. Our investors are looking for diversification and share a positive outlook on the UK’s medium to long-term economic prospects and respect for its legal and regulatory framework.
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Consumer / Retail
MENA partners for global soft drinks business
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Leading garments manufacturer and retailer in the Middle East
Leading distributor of high-end fragrances, cosmetics and luxury accessories across MENA
Leading supplier of eggs in the Middle East
Leading Food and Beverage player in the Middle East
Leading school chain in the Middle East and Turkey
Leading international school in the Middle East
One of the world’s largest international school chains
Leading specialist hospital chain in the Middle East
Leading retail pharmaceutical chain in the Middle East
Leading pharma manufacturer in South Asia
Leading manufacturer of corrugated boxes in the Middle East
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Partner with Johnson Controls and leading supplier of automotive batteries
Leading IT solutions business in the Middle East
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Abercross Holdings Ltd,
2 Eaton Gate, London, SW1W 9BJ