Rcapital

Rcapital has exchanged contracts to acquire gap personnel, one of the UK’s leading temporary recruitment agencies, in a corporate carve-out from Open Up Group Inc. The transaction is due to complete on Monday 3rd March. With revenues of approximately £200 million, Gap Personnel has a strong track record in the recruitment sector, supplying skilled and unskilled labour across industrial, manufacturing, logistics, and food production. The business remains profitable and cash-generative, with an experienced management team led by Mark Roberts. This marks Rcapital’s 5th carve-out in 24 months, reinforcing our expertise in complex, cross-border acquisitions. As more multinational groups restructure and divest, we continue to be the partner of choice for delivering certainty and value in corporate carve-outs. Under Rcapital’s ownership, Gap Personnel is well-positioned for growth. We look forward to working alongside Mark and the team to help drive their ambitious plans. The transaction was supported by advisors; Secure Trust Bank (Deal Team: Sean Powell, Dominic Castle, @Paul Goodchild) Pinsent Masons (Legal: Dorian Rees, Nick Gavin-Brown, Steven Cottee) Browne Jacobson (Legal: Robert Northall) Shoosmiths (Legal: Natalie Barnes) DC Advisory (Corporate Finance: Peter Augar, Amish Bakhai, Tosh Kojima and keiichiro izawa) Simmons & Simmons (Legal: Jason Daniel, Hana Bell) #Rcapital #PrivateEquity #Recruitment #BusinessGrowth #CorporateCarveOut #GapPersonnel

Rcapital has secured the refinance of GT Emission Systems Ltd with a £7m facility from Cynergy Business Finance. This funding will support GT’s expansion and investment plans, including the development of its Indian factory and new equipment and tooling for a major contract coming online in 2027. Ian Black and his team at GT were instrumental in finalising the operational aspects of the facility. Thank you to Paul Fraser, Mark Simpson, Jeremy Glaze, and David Pelham at Cynergy Business Finance for their support, as well as Deloitte’s debt advisory team – including Louise Harvey, Satvik Walia, and Teneale Eilenberg CA (SA) – for their work on this transaction. Andrew Dalton, Operating Partner at Rcapital, commented: "This refinancing ensures GT is well-positioned for its next phase of growth, providing the firepower needed to invest in infrastructure and meet the demands of a significant new contract. It’s been great working with the teams at GT, Cynergy Business Finance and Deloitte to deliver a solution that underpins GT’s long-term ambitions." Ian Black, Finance Director at Emission Systems, commented: "We are delighted to conclude this refinancing, which continues to build on the significant progress we are making as a new standalone business following the acquisition by Rcapital less than five weeks ago. The capital provided will support our existing operational plans and provide a good platform to drive further growth." Paul Fraser, Executive Director at Cynergy Business Finance, added: "At Cynergy Business Finance, we are dedicated to supporting business owners and entrepreneurs to achieve their ambitions. Collaborating with Rcapital to support GT's expansion aligns perfectly with our mission to provide tailored financial solutions that drive sustainable growth." At Rcapital, we are committed to helping businesses scale and succeed, and this partnership ensures GT is well-equipped for the future. #Growth #Investment #PrivateEquity #DebtRefinancing #BusinessExpansion #Manufacturing

A third strategic bolt-on acquisition has been completed for Rcapital portfolio company, HTSL Group, which includes HTSL - High Technology Sources Limited and Phoenix Dosimetry Limited one of the UK’s leading suppliers of radiological products and services. Euroteck Systems UK Limited is a leading supplier of Industrial, Real-Time, and Digital X-Ray systems, as well as Radiography Safety Enclosures and Safety Systems. Euroteck’s expertise in industrial radiography, bespoke systems integration, and service and maintenance solutions aligns perfectly with our vision of providing industry-leading NDT managed services. "We’re excited to welcome Euroteck to the HTSL Group, this acquisition is a strategic step forward. By combining Euroteck’s expertise in industrial radiography with HTSL’s comprehensive radiological solutions, we are uniquely positioned to offer an unparalleled level of support across various industries. We are excited about this new chapter and look forward to continuing to serve our customers with excellence and innovation." Ben Read, Managing Director, HTSL #Acquisition #NDT #Innovation #Partnership #Radiography #HTSLGroup #Euroteck

Thank you Insider Media for sharing the Trac Precision Solutions Ltd sale announcement https://lnkd.in/eCzRwxu4 Ashley Reek, Chris Campbell, Phil Emmerson, Liam Bevington, Sachin Agarwal

This year, the UK carve-out market has shown real momentum, with businesses increasingly divesting non-core assets to unlock value. We’ve seen deals grow in complexity and length. Some of our highlights this year include: - Deals: Delivered complex group restructures and carve-outs, advancing significant transactions while managing multi-stakeholder environments. - Sector Focus: Continued strengthening our engineering investments, working closely with businesses like Bromford Precision Solutions, Nasmyth Group, and FGP Systems. - Team Growth: Welcomed talented hires Andrew Dalton and Sebastien Johnson, along with Georgia Eckstein as Office Manager and Mark Nolan as Company Secretary. We also strengthened leadership with respected NEDs and Chairs. - Recognition: Proud to be named The IFT Special Situations Private Equity Provider of the Year 2024—our eighth win, reflecting the dedication of our team and partners. A big thank you to everyone who has been part of this year—our incredible teams, partners, and portfolio businesses. Your trust and hard work have been key to our success. As we head into the festive season, we wish you all a well-earned break with your loved ones. Here’s to an exciting and successful 2025. Merry Christmas and Happy New Year!  

Rcapital is pleased to announce the sale of Trac Precision Solutions Ltd (TPS) to PTC Industries Limited Ltd, a leading player in the engineering sector based in India. TPS, a renowned manufacturer of precision-engineered components that enhance engine performance, efficiency, and reliability, will continue to operate under its current name while becoming part of the PTC brand. Thank you and congratulations to everyone involved. For more information https://lnkd.in/eyPT4X6A #Aerospace #Defence #Energy #Manufacturing #Innovation #PrecisionEngineering #Partnerships #GlobalOEMs #Success Ashley ReekPhil EmmersonChris CampbellSam DuberleyLewis Burnham

We are proud to have supported Temple Lifts Ltd through a pivotal period of growth and transformation. When we acquired the business in July 2023, it was a complex, cross-border carve-out, and we recognised the significant potential Temple Lifts had within the lift modernisation sector. Over the past year, we’ve worked closely with the management team to stabilise the business, strengthen its operations, and position it for sustainable growth and profitability. Temple Lifts has long been admired for its expertise in delivering intricate lift modernisation projects, and this trade sale to the Provident Lift Group ensures the business is set to thrive under new ownership. "I’d like to extend my thanks to the exceptional Temple Lifts team, who have shown dedication and resilience throughout this period. We’re proud of what’s been achieved together and look forward to seeing the business continue to grow and deliver value for customers as part of a larger group. Wishing Temple Lifts, their new owners, and their customers every success for the future.” Chris Campbell #BusinessTransformation #CarveOutSuccess #LiftModernisation #SustainableGrowth #TradeSale #MergersAndAcquisitions #TeamSuccess #NewBeginnings #PartnershipsForGrowth Phil EmmersonAshley Reek

It’s been amazing to see Kirsty Rich and Steve Alexander, former Trios Management team, go from strength to strength over recent years. Watching their journey, from their operational beginnings at Trios Facilities Management to becoming key leaders driving the company’s transformation, has been inspiring. Thank you for sharing your incredible story about the turnaround and transformation of Trios—it’s a testament to what can be achieved with the right mindset, mentorship, and hard work. Wishing you both every success as you continue to make an impact in your next ventures. #Leadership #Success #TalentDevelopment #Inspiration #FacilitiesManagement

When it comes to carving out a business from a larger group, sellers often need certainty of outcome—fast. Time constraints, complex separation issues, and the need for a seamless transition can make these deals uniquely challenging. Our team thrives on complexity, identifying core issues swiftly and structuring investments to mitigate risk for everyone involved. Beyond the deal, we focus on creating sustained value—benefiting the business, the seller, and all stakeholders. But it doesn’t stop there. We provide portfolio companies with more than just financial backing. We close skill gaps, nurture talent, and step in when it matters most. Whether it’s appointing a CEO or CFO, or supporting strategy at the board level, we bring operational expertise and accountability to drive success. Carve-outs are challenging—but with the right team, they’re an opportunity to unlock value and deliver sustainable growth. #PrivateEquity #CarveOuts #BusinessGrowth #ValueCreation #OperationalExcellence #MergersAndAcquisitions #BusinessStrategy #LeadershipSupport #PortfolioManagement #TurnaroundStrategy #SustainableGrowth

📢 How is the 2024 Autumn Budget shaping the outlook for UK businesses? Here's what Rcapital portfolio companies are saying. The 2024 Autumn Budget, has sparked a cautious response across the Rcapital portfolio. While some measures are welcomed, many businesses are voicing concerns over rising costs, potential impacts on hiring, growth, and overall competitiveness. Read the full article for more insights and let us know how you see the budget impacting your business. #AutumnBudget2024 #UKBusiness #EconomicOutlook #BusinessGrowth #SmallBusinessSupport #RisingCosts #BusinessStrategy #SMEs #EmployerChallenges #InfrastructureInvestment #ConsumerSpending #TaxPolicy #FutureOfWork #BusinessConfidence #GovernmentPolicy #EconomicImpact