What Inspirit capital does

Inspirit Capital is a London-based private equity firm founded in December 2019 by Will Stamp and Albert Farrant, focused exclusively on corporate carve-outs — the acquisition of non-core subsidiaries or divisions from larger corporates. Since 2020, the firm has executed 16 such carve-outs and realized 9 successful exits, deploying capital on behalf of a blue-chip institutional investor base in which more than 25% of commitments come from charitable foundations and endowments. The firm currently invests through Inspirit Fund II, a £75 million vehicle closed in July 2023.

The firm's strategy centers on identifying carve-out opportunities where vendors prioritize certainty of execution over headline price, then operating those assets as standalone platforms. The current portfolio spans fuels distribution (Watson Fuels, acquired from Shell with reported £1.5b+ revenue), customer experience and BPO (ellio, carved out of Capita with £398m revenue), IT services (Converge UK), international language training (Kaplan Languages Group across eight countries), and technology training and resourcing (formed by the merger of mthree and Peregrine in January 2026). Portfolio companies operate across multiple geographies, including the UK, US, and broader European footprint through Kaplan and ellio.

Inspirit generates revenue through conventional private equity economics: recurring management fees on committed fund capital (typically 1.5–2% of AUM) plus performance-related carried interest crystallized at exit. The GP-level team is small (approximately 9 core investment professionals visible publicly), with sequential additions including Rebecca Skeoch (2022), Ed Beazley (2024), and Callum Fyfe (2024). The firm does not disclose proprietary technology, AI/ML capability, or product platform architecture; its core "technology" is the operational and transactional playbook required to execute carve-outs, including TSA negotiation, separation planning, and post-close value creation.

Name

Inspirit capital

Legal name

Inspirit Management Ltd

Website

https://inspiritcap.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Inspirit Capital is a London-based private equity firm founded in 2019 that specializes in UK and European corporate carve-outs for blue-chip institutional LPs, having executed 16 deals with 9 exits since 2020.

Ownership category

akta.pro rank

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Fund Management Fees: Inspirit Capital manages committed capital on behalf of blue-chip institutional investors for Fund I and Fund II, generating management fees based on committed capital under management.
2. Carried Interest / Performance Fees: The firm earns carried interest on successful exits from portfolio companies, generating performance-based returns when investments are sold at a gain. Fund II was raised in July 2023 and is currently deploying capital.
3. Portfolio Company Revenue (via ownership stakes): Through majority equity ownership in portfolio companies, Inspirit participates in the operational revenues and value creation of acquired businesses, ultimately realising gains through trade sales, secondary buyouts, or other exit events.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Inspirit Capital is a UK-based private equity investment firm that specialises in corporate carve-outs, acquiring non-core operating divisions of large corporations headquartered in the UK or Ireland and reinvigorating them as standalone, entrepreneurial businesses. The firm raises committed capital from a blue-chip institutional investor base and deploys it through its Inspirit Fund I and Inspirit Fund II vehicles, targeting opportunities with enterprise values of up to GBP 200 million.

Product overview

Inspirit Capital is a UK-based private equity investment firm specializing in corporate carve-outs—acquiring non-core divisions from large corporations and building them into standalone entrepreneurial organizations. The firm operates Inspirit Fund II (raised July 2023) and targets businesses with enterprise values up to GBP 200 million. Rather than a unified product platform, Inspirit's offering comprises its investment management services and a portfolio of 11 current investments spanning diverse sectors: Alpha 3 (electronic manufacturing), Aquest (human capital services), Converge UK (IT lifecycle services), ellio (customer experience/contact centre), HSJ (healthcare information), Kaplan Languages Group (language education), mthree (talent/training), Palladium Group (digital consulting), This Works (skincare/wellness), Vysus Group (engineering consultancy), and Watson Fuels (fuel distribution). The portfolio also includes 9 realized investments that have been exited successfully.

Differentiator

Problem solved

Functional benefit

Brands

• Alpha 3: Manufacturing specialist of complex electro-mechanical assemblies, cable harnesses and other electrical components.
• Aquest
• ellio
• HSJ
• Kaplan Languages Group
• mthree
• Palladium Group
• This Works
• Vysus Group
• Watson Fuels
• CWind
• Inspiro
• Spaldings

Products and services

• Inspirit Fund I Inspirit Capital's first private equity fund, raised from blue-chip institutional investors to deploy capital into UK corporate carve-out and special situation investments. The fund has executed 16 corporate carve-outs and 9 successful exits since 2020.
• Inspirit Fund II Inspirit Capital's second private equity fund, raised in July 2023 with up to GBP 75 million of committed capital from blue-chip institutional investors, charitable foundations and endowments, providing additional capital for corporate carve-out and special situation investments in the UK market.
• Corporate Carve-out Investment Services End-to-end corporate carve-out transaction services for large corporations divesting non-core divisions, including deal sourcing, due diligence, transaction execution, post-acquisition operational transformation, and exit planning. The service targets UK or Ireland-headquartered businesses with enterprise values up to GBP 200 million and revenues above GBP 30 million, with Inspirit funding typically between GBP 3 million and GBP 10 million per deal.

Quantifiable outcome

• Spaldings quadrupled earnings during Inspirit's hold period (June 2022 to September 2025)
• +3 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators16 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Beech Tree Private Equity: UK lower middle market private equity firm that acquired Inspiro Learning from Inspirit in September 2025. Operates in directly comparable enterprise value range and targets similar carve-out and growth opportunities in the UK market.
• Hilco Capital: UK special situations and turnaround investment firm focused on complex corporate carve-outs and restructuring transactions. Founding Partner Will Stamp held senior positions at Hilco Capital before founding Inspirit, indicating direct operational overlap.
• Charterhouse Capital Partners: London-based mid-market private equity firm with a long-standing focus on UK corporate carve-outs and complex transactions. Charterhouse operates in a similar enterprise value range and serves comparable corporate vendor clients, making it a direct peer to Inspirit.
• Inflexion Private Equity: UK-based lower middle market private equity firm investing in UK-headquartered businesses with enterprise values typically up to £200-£500m. Similar investment size, geographic focus, and operational value-creation approach to Inspirit.
• Equistone Partners Europe: European mid-market private equity firm with deep UK presence, investing in management buyouts and corporate carve-outs across the UK and Western Europe. Highly comparable in target deal size and carve-out specialism.
• Bregal Freshstream: London-based private equity firm focused on UK lower middle market carve-outs and special situations. Directly comparable to Inspirit in fund size, target enterprise values, and carve-out specialisation.
• Aurelius Group: European mid-market private equity firm specialising in corporate carve-outs and complex situations across multiple industries. Founding Partner Will Stamp was previously at Aurelius, and the firm operates a directly comparable carve-out model.
• Agathos Management: London-based turnaround and special situations private equity firm investing in UK lower middle market businesses. Founding Partner Albert Farrant was previously a Partner at Agathos, making it a near-identical operational model to Inspirit.
• Stellex Capital Management: London-headquartered private equity firm focused on UK lower middle market buyouts and corporate carve-outs, particularly in industrial and business services sectors. Comparable deal size and sector mix to Inspirit's portfolio.

Broad incumbents

• LDC (Lloyds Development Capital): UK's largest lower middle market private equity investor with broader sectoral and structural strategy than Inspirit (including MBOs, growth, and public-to-private). Comparable in deal size range and UK geographic focus but operates a much larger and more diversified platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/inspirit-capital-lp

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A10 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Inspirit capital