Mid-Market Exit
of the Year
This award is open to all GPs selling a UK business. It recognises a combination of successful deal origination, execution, portfolio management and exit (for investments with an enterprise value at entry of between £50-500m).
Aspen Pumps (3i)
Auction Technology Group (ECI Partners)
Glide (Inflexion Private Equity)
Aspen Pumps (3i)
During its five-year investment, 3i supported the transformation of Aspen from a UK exporter, with no operations outside the UK, to a clear global market leader in its industry. Through a combination of strong organic growth and six acquisitions across four different geographies, employee numbers increased by 110% and revenue and EBITDA almost trebled. Aspen is now a truly global business with more than 85% of pump sales outside the UK. 3i sold the business to Inflexion in late 2019, impressing the judges with a 4.1x money multiple (34% IRR).
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