Duke Street

Duke Street LLP, established in 1988, is a London-based private equity firm specializing in acquiring majority stakes in established, mid-market companies across Western Europe, with a focus on the United Kingdom and France. The firm invests in companies with enterprise values ranging from £10 million to €300 million, typically committing between $10 million and $211.24 million per transaction. Duke Street concentrates its investment strategy on four sectors: Consumer, Healthcare, Industrials & Engineering, and Services. It seeks to add value to each business it acquires through strategic transformation, often taking a board seat and underwriting over €250 million of equity per transaction. The firm does not invest in start-ups, early-stage companies, turnaround situations, or oil and gas exploration and property development businesses.

Paul Adams

Partner

James Almond

Managing Partner and Member of the Investment Committee

Renée Hoff

Investment Director

Greenwood, Ivan

Investment Manager

Stuart Hall

Finance Partner

Simon Jobson

Investment Director

Jason Lawford

Partner and Member of the Investment Committee

Lennart Paap

Investment Director

Thierry Paternot

Operating Partner

Joe Thompson

Partner

David Williams

Operating Partner

47 past transactions

For Life

Acquisition in 2024
For Life specializes in the development, manufacture, and sale of medical products for ostomy, incontinence, tracheostomy, and wound care.

Agito Medical

Acquisition in 2024
Agito Medical A/S, founded in 2004 and based in Svenstrup, Denmark, specializes in providing rental solutions for medical equipment to hospitals and clinics. The company offers a range of imaging equipment, spare parts, and pre-owned medical devices, allowing healthcare facilities to perform medical procedures efficiently without the financial burden of purchasing the equipment outright. As a subsidiary of Koninklijke Philips N.V. since 2018, Agito Medical focuses on enhancing healthcare delivery by ensuring access to necessary medical technology for various healthcare providers.

Suir Engineering

Acquisition in 2022
Suir Engineering is a provider of electrical and mechanical engineering services, primarily serving the energy, utilities, pharmaceutical, food, and renewable energy sectors. The company specializes in a variety of services, including network cabling, process automation, high voltage cable testing, off-site fabrication, building information modeling (BIM), and calibration. Additionally, Suir Engineering offers lighting solutions, instrumentation, commissioning, and modular building services. Through these offerings, the company aims to deliver innovative engineering solutions that meet the diverse needs of its clients.

CleanO2

Seed Round in 2022
CleanO2 Carbon Capture Technologies is a Calgary-based company focused on transforming the heating industry through innovative carbon capture technology. Established in 2013, the company has developed residential and commercial devices aimed at significantly reducing greenhouse gas emissions from HVAC systems. Their flagship products include a residential carbon capture device deployed in Alberta and the CARBiNX, a commercial solution that not only captures carbon emissions but also converts waste carbon into valuable chemicals for the soap and detergent industry. By enhancing energy efficiency through heat recovery and promoting sustainability, CleanO2 aims to mitigate the environmental impact of heating systems globally.

COMPO GmbH

Acquisition in 2021
COMPO GmbH is a manufacturer of biological and chemical products tailored for home and garden applications. The company produces a wide range of offerings, including potting soils for balcony and potted plants, various types of fertilizers—both granular and liquid—plant care and protection products, lawn care solutions, and seeds for grass. Additionally, COMPO GmbH provides ornamental, fruit, vegetable, and greenhouse plants, catering to both indoor and outdoor gardening needs. The company serves a global clientele through a network of dealers, focusing on delivering high-quality products that support both amateur gardeners and professional horticulturists.

Ardent Hire Solutions

Private Equity Round in 2021
Ardent Hire Solutions is a leading provider of plant hire equipment services based in Enfield, United Kingdom. Established in 2015 through the merger of One Call Hire and Fork Rent, the company offers a wide range of construction equipment including telehandlers, excavators, scissor lifts, dumpers, gators, diggers, and forklift vehicles. Led by former Speedy Hire CEO Steve Corcoran, Ardent aims to deliver innovative solutions and strategic planning to its clients in the construction industry. The company is backed by significant investment and has plans for expansion across the UK with new equipment and depots.

Kent Pharmaceuticals

Acquisition in 2019
Kent Pharmaceuticals is a UK-based manufacturer specialising in pharmaceutical products. It produces both branded and generic medications, adhering to high-quality standards. The company caters to primary and secondary care sectors, supplying surgical products, anesthetics, and disposable cartridge systems to NHS trusts, hospitals, and walk-in centres. Kent Pharmaceuticals also offers tailored customer solutions and Over Labelling services, focusing on innovation, quality, and cost-effectiveness in its product offerings.

Great Rail Journeys

Acquisition in 2018
Great Rail Journeys Ltd. is a travel company based in York, United Kingdom, specializing in escorted rail tours across six continents, including destinations in Europe, Africa, America, Canada, the Far East, Russia, India, and Australia. Founded in 1980 and originally known as Mac’s Tours, the company rebranded in 1994 to better reflect its focus on rail-based holidays. Great Rail Journeys offers a comprehensive range of services, including tour advisory, booking, ticketing, rail planning, and management of tour guides. Their itineraries are designed to provide travelers with enriching experiences through excursions, sightseeing tours, scenic railway journeys, and cultural activities, allowing customers to fully enjoy their travels without the stress of planning.

A-Rosa

Acquisition in 2018
A-ROSA is an operator of river cruises in Europe, on the Rhine, Danube and the Rhône/Saone. The company employs approximately 600 people and has a state-of-the-art fleet consisting of 11 river cruise vessels. The European river cruise market offers significant growth potential: organically, driven by the ever-increasing spending on recreational activities, as well as a demographically-induced expansion of the target group of 50+, and also growth through acquisitions in consolidating this highly fragmented industry.

Teamsport

Acquisition in 2017
TeamSport is a leading provider of indoor karting experiences in the UK, having pioneered the industry for over 20 years. The company operates multi-level go-karting tracks designed to deliver an exciting racing experience, featuring high-quality karts and imaginative track layouts. In addition to the karting facilities, TeamSport offers on-site restaurants and bars, enhancing the leisure experience for visitors. The focus on customer service ensures that guests enjoy a memorable time at their venues.

Medi-Globe

Acquisition in 2016
Medi-Globe is an international medical devices company that produces both single-use and eco-friendly reusable products for markets around the world. Medi-Globe offers a wide range of endoscopic products – applicable from standard diagnostic procedures to more sophisticated ERCP, EUS, and EBUS procedures. Ther company provides products and systems that continuously improve both efficiency and high-quality results.

Voyage Care

Acquisition in 2014
Voyage Care is a provider of specialist care and support services in the United Kingdom, focusing on empowering individuals with learning difficulties and other complex needs. The company offers a range of services, including supported living, residential care homes, respite care, daycare services, brain injury rehabilitation, and nursing support. Voyage Care caters to adults with learning and physical disabilities, autism, brain injuries, and mental health challenges, ensuring that its services are person-centered and tailored to meet the unique needs of each individual. Through its dedicated approach, Voyage Care aims to enable people to lead fulfilling lives in both home and community settings.

Baywater Healthcare Ireland

Acquisition in 2013
Baywater Healthcare Ireland Limited provides homecare services to patients with long term conditions.

SandpiperCI

Acquisition in 2013
SandpiperCI Group Limited is a prominent retail company based in Saint Saviour, Jersey, established in 2007. It operates a network of 45 convenience stores and grocery outlets across the Channel Islands, positioning itself as the largest operator of food convenience shops in the region. SandpiperCI manages various retail formats including its own brands, such as Checkers Express and The Wine Warehouse, which cater to a wide range of consumer needs. Additionally, the company is involved in the management of commercial and residential properties. SandpiperCI has established partnerships with several reputable UK retail brands, operating on a franchise basis, thereby enhancing its market presence and customer offerings.

Parabis Group

Private Equity Round in 2012
Parabis Group provides legal solutions for insurance, travel, and other related industries. Parabis Group offers services related to claims handling, consultancy, fraud detection and prevention, claim investigation, strategic advice/key process change, and uninsured loss recovery.

LM Funerals

Acquisition in 2012
LM Funerals is a dedicated funeral services company that provides a range of services to support families during their time of loss. The company specializes in funeral planning and client care, ensuring that each family receives personalized attention and support tailored to their needs. LM Funerals focuses on delivering dignified and respectful services, helping clients navigate the complexities of arranging funerals while honoring the memories of their loved ones. With a commitment to compassionate care, LM Funerals aims to create meaningful experiences for families during a challenging period.

LM Funerals

Acquisition in 2012
LM Funerals is a dedicated funeral services company that provides a range of services to support families during their time of loss. The company specializes in funeral planning and client care, ensuring that each family receives personalized attention and support tailored to their needs. LM Funerals focuses on delivering dignified and respectful services, helping clients navigate the complexities of arranging funerals while honoring the memories of their loved ones. With a commitment to compassionate care, LM Funerals aims to create meaningful experiences for families during a challenging period.

Parabis Group

Acquisition in 2012
Parabis Group provides legal solutions for insurance, travel, and other related industries. Parabis Group offers services related to claims handling, consultancy, fraud detection and prevention, claim investigation, strategic advice/key process change, and uninsured loss recovery.

Cruiseline

Private Equity Round in 2011
Cruiseline is a specialized online travel agency that focuses on the cruise market, primarily serving Southern Europe and South America. The company provides a platform for customers to conveniently book cruise holidays, offering services that include ticketing and hotel reservations. By combining its user-friendly websites with transactional call centers, Cruiseline delivers personalized service to enhance the customer experience in planning and purchasing cruise vacations.

Wagamama

Acquisition in 2011
Wagamama is a British-based restaurant chain that specializes in pan-Asian cuisine, particularly known for its modern Japanese ramen bar style. Established in 1992, the company offers a variety of meals centered around ramen and udon noodles in broth, dry noodle dishes, curries, and accompaniments, along with fresh juices and smoothies. Wagamama operates 32 company-owned restaurants in the U.K. and has franchised operations in seven other countries across Europe, the Middle East, and Australasia. The chain caters to a diverse clientele, including business professionals, backpackers, families, students, and ladies.

UK Wealth Management

Acquisition in 2011
UK Wealth Management is a leading independent financial services group, specializing in Wealth Management and Workplace Benefits. The company has gained an enviable reputation with private clients, companies and the professional community for specialist independent advice, backed by in-house expertise and research. The range of services we provide is unusually wide within our sector. Whether you choose investment management, workplace benefits or personal financial planning; all advice is provided in-house and tailored to meet your individual needs.

Marlin Group

Acquisition in 2010
Marlin Group, based in West Sussex, is a provider of debt purchasing services in the United Kingdom, specializing in the acquisition of high-balance, non-performing consumer debt, particularly from credit cards and personal loans. The company operates a 230-seat call center that handles the collection and management of both Group-owned and contingency accounts across various consumer credit sectors. Marlin Group prioritizes technological investment to enhance its collections process, employing advanced analytical software and databases to maintain a competitive edge. Additionally, a strong emphasis on system security is central to the company's strategy, ensuring the trust of its clients and their customers. Its primary clientele consists of UK banks and large credit institutions.

Payzone

Acquisition in 2010
Payzone plc operates a comprehensive consumer payment acceptance network across Europe, with a significant presence in Ireland. The company provides a wide range of payment services, including mobile top-ups, toll payments, electronic gifts, transport ticketing, bill payments, and pre-payment meter services. Payzone serves over 7,000 retail agents, enabling them to process various electronic transactions such as debit and credit card payments. In addition to its operations in Ireland, the company supplies payment terminals to small and medium-sized businesses in the United Kingdom, including those in the convenience sector, restaurants, and retail stores. Payzone is also active as a mobile prepay distributor in Romania and facilitates electronic cash payments in the Nordic countries. Headquartered in Dublin, Payzone employs over 70 staff and is recognized for its technological expertise and commitment to enhancing payment efficiency for clients while generating increased revenue for retail partners. The company, formerly known as Alphyra Holdings Ltd, rebranded to Payzone plc in December 2007 and operates as a subsidiary of AIB Group plc.

Biomnis

Acquisition in 2008
Biomnis S.A. is a medical pathology services provider based in Lyon, France, with a history dating back to 1897. The company specializes in a wide range of diagnostic services, including trisomy 21 screening, pre-and post-natal constitutional cytogenetics, and oncology-haematology. Its offerings extend to various fields such as genetics, infectiology, biochemistry, immunology, and analytical chemistry. Biomnis serves a diverse clientele, including hospitals, medical centers, public and private laboratories, pharmaceutical companies, and clinical trial centers, both in France and internationally. The company was formerly known as Laboratoire Marcel Merieux until it rebranded to Biomnis S.A. in January 2008 and is currently a subsidiary of Eurofins Scientific SE.

The Original Factory Shop

Acquisition in 2007
The Original Factory Shop is a value retailer based in the United Kingdom, operating a chain of stores that resemble mini department stores. The company focuses on providing a diverse range of products, including clothing, sportswear, footwear, electrical and household goods, gardening supplies, toys, and beauty products, all at affordable prices. Its outlets are primarily situated in small towns, catering to consumers who prefer local shopping options. The Original Factory Shop's business strategy emphasizes cost-effectiveness and convenience, aiming to enhance customer accessibility. The company is committed to expanding its presence across the UK and developing its multi-channel retail capabilities, integrating both online and offline shopping experiences.

Oasis Dental Care

Acquisition in 2007
Oasis Healthcare is a provider of NHS and private dental care services in the United Kingdom, catering to over 1.5 million patients. Established in 1996 and based in Bristol, the company operates more than 200 dental practices across England, Wales, and Northern Ireland. Oasis offers a range of services, including regular check-ups, cosmetic dentistry, orthodontic treatment, hygienist services, and emergency dental care. The firm was acquired by Bupa in 2017, enhancing its capabilities and reach within the dental care sector.

Burton's Biscuit Company

Acquisition in 2007
Burton's Biscuit Company is a leading biscuit manufacturer in the UK, dedicated exclusively to the production of biscuits and snack products. Based in Blackpool, with additional manufacturing facilities in Llantarnam, Edinburgh, and a chocolate refinery in Moreton, the company employs over 2,200 people. It specializes in a wide array of products, including private-label biscuits, cookies, and confectionery, catering to diverse consumer preferences for both sweet and savory snacks. Since its acquisition in 2009, Burton's has adapted to challenging market conditions, enhancing its operational efficiency and agility. The company's strategic initiatives have resulted in impressive financial performance, with annual sales exceeding £340 million and consistent growth in market share. Recognized for its innovative approach, Burton's Biscuit Company was awarded the IGD Business Transformation award in 2011, reflecting its commitment to evolving in a competitive landscape.

2e2

Acquisition in 2006
2e2 is a systems innovator that specializes in delivering comprehensive information technology services tailored for medium and large private and public sector organizations. The company focuses on creating innovative solutions that enhance business processes, reduce infrastructure costs, and improve overall performance. Its offerings include managed services, outsourcing, IT support, and compliance archiving and assurance, which can be deployed on-premises, in the cloud, or as a hybrid solution. 2e2 serves a diverse range of industries, including telecommunications, media, healthcare, retail, transport, public sector, financial services, and professional services, demonstrating its versatility and commitment to addressing the unique needs of its clients.

Food Partners

Acquisition in 2006
Food Partners Ltd is a pre-packed sandwich manufacturer.

Adelie Foods Group

Acquisition in 2006
Adelie Foods Group Ltd. is a prominent producer and supplier of food products in the United Kingdom, specializing in a diverse range of 'Food to Go' items. Founded in 2006 and headquartered in Heathrow, the company offers sandwiches, paninis, bagels, subs, wraps, toasties, chilled snacks, and salads. Adelie Foods serves a wide array of customers, including supermarkets, high street retailers, coffee shops, contract caterers, and clients in the travel sector. With a workforce of approximately 2,800 employees across six manufacturing and eight distribution sites, the company combines market expertise with innovative food solutions. In addition to its extensive portfolio of private label products, Adelie Foods is known for owning URBAN eat, the UK's largest sandwich brand, which is available in over 6,000 outlets nationwide.

ERS Insurance

Acquisition in 2005
ERS Insurance Group is a leading provider of personal lines insurance, specializing in motor insurance services within the United Kingdom. The company offers a diverse range of coverage options for everyday vehicles, including private and classic cars, vans, motorcycles, taxis, and agricultural vehicles. Additionally, ERS Insurance addresses household and personal accident insurance needs. The firm also provides underwriting, insurance broking, and outsourcing services, allowing brokers and insurers to develop tailored products that effectively meet customer requirements. With a focus on specialist risk insurance, ERS Insurance aims to create a dynamic and coherent business model in a sector that remains under-exploited by competitors.

Xafinity

Acquisition in 2005
Xafinity is a UK specialist in pensions actuarial, consulting and administration, providing a wide range of advisory and compliance services to over 550 pension scheme clients. The Company combines expertise, insight and technology to address the needs of both pension trustees and sponsoring companies. The Group has more than 430 employees, and offices in 6 locations across the UK: Reading, Leeds, Stirling, Belfast, London and Manchester.

Affinity Healthcare

Acquisition in 2004
Affinity Healthcare is a regional provider of mental health services. Affinity pursued a focussed strategy to provide specialist psychiatric care to patients, working closely with the NHS. With a greater number of care places in this sector being managed by the private sector, we saw opportunities to build its reputation as a leading provider and to grow the business organically.

Plastimo

Acquisition in 2004
Plastimo is a manufacturer and designer of recreational marine equipment, specializing in safety, mooring, navigation, deck, and deck hardware. The company caters primarily to the French and European markets, focusing on the development and marketing of essential marine products such as compasses, lifejackets, liferafts, and various deck and mooring equipment. Plastimo aims to enhance the cruising experience and support competitive sailing, providing quality solutions for both leisure and racing enthusiasts.

Accantia Health & Beauty

Acquisition in 2003
Accantia Health & Beauty manufactures toiletries, skin care, and feminine hygiene products, including the Simple, Cidal and Wright's brands.

Galaxie

Acquisition in 2003
Brest, France-based budget hotel operator.

B&B Hotels

Acquisition in 2003
B&B Hotels, established in 1990 in Brittany, France, operates a chain of economy hotels positioned at the high end of the budget segment. The company focuses on delivering high-quality accommodations at competitive prices, catering to both business and leisure travelers. With a portfolio of 223 hotels across France, Germany, and Italy, B&B Hotels provides a total of 16,162 rooms. The company emphasizes quality in hotel development, utilizing premium construction materials and offering spacious family suites equipped with full bathrooms. Guests can enjoy generous all-you-can-eat breakfast buffets and complimentary, unlimited WiFi access. Additionally, B&B Hotels provides facilities for dining and corporate meetings, making it suitable for business clientele and training events.

Invicta Leisure

Acquisition in 2002
Invicta is an online blog host for private and public use.

Paragon Healthcare

Acquisition in 2002
Paragon Healthcare, Inc. is a provider of infusion and injectable pharmacy services, catering to patients in various settings, including their homes, physician offices, and dedicated infusion centers. Founded in 2002 and based in Dallas, Texas, the company specializes in a range of therapeutic areas, including antibiotic therapy, heart failure management, hemophilia support, immune therapy, nutrition support therapy, and pain management. Paragon Healthcare also operates infusion centers that offer treatments, medications, and participate in drug trials. In addition to these services, the company provides reimbursement solutions that encompass coordination of insurance benefits, financial assistance for patients, benefits verification, authorizations, electronic claims submission, cash reconciliation, and multi-level appeals. With additional locations across Texas, Colorado, Tennessee, Alabama, and California, Paragon Healthcare aims to deliver accessible and cost-effective healthcare solutions to patients with both chronic and acute conditions.

Marie Brizard & Roger International

Acquisition in 2000
Maison Marie Brizard and Roger is an alcoholic beverage company based in Charenton-le-Pont, France. The company specializes in the production and distribution of a diverse array of liqueurs, spirits, and wines, catering to customers around the globe. By offering a wide range of cocktail-based liqueurs and other alcoholic products, Maison Marie Brizard and Roger aims to provide consumers with competitive options in the market.

Education and Entertainment Nordic AB

Acquisition in 1999
Education and Entertainment Nordic AB is leading Scandinavian distributor of educational and entertainment content.

Insert France

Acquisition in 1999
Insert France is a specialist seller of centre-of-town poster advertising and point-of-sale promotion services.

Madison Filter

Acquisition in 1999
Madison Filter is filtration solutions provider serving niche global markets.

Inspired Gaming Group

Acquisition in 1998
Inspired Gaming Group is a global games technology company that specializes in providing Virtual Sports, Mobile Gaming, and server-based gaming systems, along with the associated terminals and digital content. The company serves regulated lottery, betting, and gaming operators across the globe, currently operating around 30,000 digital gaming terminals. Inspired Gaming supplies its Virtual Sports products through more than 40,000 retail channels and over 100 websites, reaching approximately 35 gaming jurisdictions worldwide. With a workforce of around 800 employees, the company focuses on the development and operation of digital games and networks, leveraging its expertise to enhance the gaming experience for its clients.

Gala Bingo

Private Equity Round in 1998
Gala Bingo is a trusted Bingo operator, a solid household name in the gaming industry.

MSSA

Acquisition in 1998
MSSA is a manufacturer specializing in sodium-based chemicals, primarily focusing on the production of purified sodium metal and its derivatives, including special alkali metals like potassium and lithium. The company operates within strict environmental regulations, ensuring responsible management of hazardous substances. MSSA serves both pharmaceutical and industrial applications, demonstrating a commitment to sustainability while pursuing growth opportunities in the chemical sector. Through its successful transformation and adherence to regulatory standards, MSSA has established itself as a reliable producer in the market.

Cremascoli Ortho

Acquisition in 1997
Cremascoli Ortho Group is manufacturer of artificial joint systems.
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