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Private equity house Key Capital Partners (KCP) has exited its interest in Gear4Music, selling its remaining shares for £9m. The £55m turnover online musical instrument retailer has seen tremendous growth in recent years following KCP’s backing in 2012 when it took a 30% stake in the company. Following the sale of KCP’s remaining stake, and earlier partial exits, KCP has achieved a five times money multiple.
WHP Group, a major provider of support services to the mobile telecoms sector, has completed a £38m secondary buyout to Palatine Private Equity, which sees Key Capital Partners (KCP) achieve a 4.1x return on exit. Warrington-based WHP, which currently employs over 275 staff, provides end-to-end services for the deployment, upgrade and maintenance of mobile network.
Private equity house Key Capital Partners (KCP) has achieved a 3.8x return following the sale of bespoke furniture retailer Neville Johnson Group in a secondary management buyout to London-based Alcuin Capital Partners. Neville Johnson Group, which trades under its Neville Johnson and Tom Howley brands, is a leader in the luxury market for premium furniture.
Key Capital Partners (KCP) has exited its investment in Nurse Plus to a secondary MBO funded by Sovereign Capital. The management team was led by Nurse Plus CEO Heath Blake and MD Pamela Bruce. The transaction gives KCP a 5x return on its original investment and represents the firm’s third successful exit in 2014 following.