What Epiris does

Epiris is an independent, partner-owned private equity firm headquartered in London that manages over £2.75 billion of capital across two mid-market buyout funds — Epiris Fund II (£821m, 2018 vintage) and Epiris Fund III (over £1bn, 2022 vintage). The firm targets control positions in UK and international businesses with enterprise values between £75m and £750m, typically deploying £50m to £250m of equity per transaction. Its stated strategy is to resolve "complexity" — corporate separations, stakeholder reconciliations, strategic repositionings, balance-sheet restructurings — and partner with management teams to unlock transformative value. The firm's lineage dates to 1976 as the discretionary manager of Electra Private Equity PLC; it was rebranded Epiris in 2016 after liquidating the Electra portfolio and returning £2.4bn to shareholders within 18 months.

Epiris generates revenue through management fees — calculated on investor commitments during each fund's investment period and on invested capital thereafter — supplemented by performance-related carried interest from successful exits. Its investor base is globally diversified, including public and private sector pension funds, endowments, foundations, and asset managers from the US, UK, Continental Europe, Japan, and Australia. The current portfolio spans 14+ active platforms across business services, industrials, consumer, TMT, and financial services, including Delinian (global B2B information services), Sepura (mission-critical TETRA radios), Amber Taverns (UK pub operator, 178 sites), Pure Cremation (UK's leading prepaid funeral plan provider), GSF (automotive parts aftermarket), LoneStar (mission-critical fasteners), WBS / Winterflood (UK wealth management trading and custody platform managing £26bn in assets), Inchcape Shipping Services, Appello (technology-enabled care), Fluid Water Group, Sharps, The Big Table, Nucleus, Diamorph, and The Club Company. The firm is staffed by a 12-strong investment team supported by a corporate team, all operating from a single London office.

Name

Epiris

Legal name

Epiris LLP

Website

http://www.epiris.co.uk

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

11–50 employees

Short description

Epiris is an independent, partner-owned London-based private equity firm managing over £2.75bn across two mid-market buyout funds, targeting control positions in UK and international businesses with enterprise values of £75m–£750m to resolve complexity and deliver top-decile returns for institutional investors.

Ownership category

akta.pro rank

Product category

Private Equity Fund Management

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282)

akta.pro primary industry

Micro-PE / Lower Middle Market ETA Funds (FSANALAG)

Keywords

• Private equity investment
• Mid-market buyouts
• Fund management services
• Alternative asset management
• Control acquisitions

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, Others, Technology or R&D, Infrastructure

Revenue model

1. Management Fees: Advisory fees charged to clients managing the Epiris Funds, calculated by reference to investor commitments during the fund's investment period and invested capital following the end of the investment period. This represents a stable and predictable source of income.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Epiris is an independent private equity firm managing more than £2.75 billion across two private equity funds (Epiris Fund II and Epiris Fund III). The firm acquires control positions in UK and international mid-market businesses with enterprise values between £75 million and £750 million, deploying £50 million to £250 million of equity per investment. Epiris partners with management teams to resolve complexity and unlock transformative potential in target companies.

Product overview

Epiris is an independent private equity firm managing more than £2.75 billion across two private equity funds (Epiris Fund II, 2018 vintage, and Epiris Fund III, 2022 vintage). The firm targets control positions in UK and international mid-market businesses with enterprise values between £75 million and £750 million, deploying between £50 million and £250 million of equity per investment. Epiris's investment strategy focuses on resolving complexity to unlock transformative potential in businesses. The current portfolio includes Delinian (global B2B information services), Sepura (digital radio systems for mission-critical communications), Amber Taverns (UK pub operator with 178 pubs), Pure Cremation (UK's leading prepaid funeral plan provider), GSF (automotive parts distribution), LoneStar (mission-critical fasteners), WBS (wealth management trading and custody solutions), Inchcape Shipping Services (maritime services), Appello (technology-enabled care), Fluid Water Group (water pumps), Sharps (fitted bedroom furniture), The Big Table (restaurant operator), Nucleus (investment platform), Diamorph (advanced materials), and The Club Company (country clubs).

Differentiator

Problem solved

Functional benefit

Products and services

• Epiris Fund II A private equity fund with a 2018 vintage targeting control positions in UK and international businesses with enterprise values between £75 million and £750 million, deploying between £50 million and £250 million of equity per investment. Raised from institutional investors including pension funds, endowments, and asset managers.
• Epiris Fund III A private equity fund with a 2022 vintage that held its final closing at its hard cap with total commitments exceeding £1 billion. The fund follows the same investment strategy as Fund II, targeting complex mid-market opportunities in the UK and internationally.

Quantifiable outcome

• 5.5x return on Pure Cremation investment in just over two years
• +3 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• UNPRIcoreStrategic or Co-development Partner · 1 January 2021Epiris became a signatory to the United Nations Principles for Responsible Investment (PRI) in 2021. The PRI aims to bring responsible investors together to work towards sustainable markets. As a signatory, Epiris committed to incorporating ESG issues into investment analysis, being an active owner, seeking appropriate ESG disclosure, and reporting on progress.
• Level 20coreStrategic or Co-development PartnerEpiris is a sponsor of Level 20, a not-for-profit organisation dedicated to improving gender diversity in the European private equity industry. Staff participate in research, discussion groups, outreach events, and annual mentoring programmes.
• 10,000 Black InternscoreStrategic or Co-development Partner10,000 Black Interns was founded in 2020 to address the underrepresentation of Black talent within Investment Management. Epiris participates in the programme, offering paid summer internships as part of this initiative to create opportunities for underrepresented talent in the finance industry.
• Greenbrook AdvisorycoreGTM or Marketing PartnerGreenbrook Advisory serves as Epiris's media contact and handles press enquiries. Located at 1 Vere Street, W1G 0DF, London.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• LDC (Lloyds Development Capital): UK-focused mid-market private equity firm backed by Lloyds Banking Group, deploying £20M-£150M per deal in UK businesses. Highly comparable to Epiris in target deal size (£50M-£250M equity) and UK mid-market focus, and a known employer of Epiris alumni.
• Charterhouse Capital Partners: London-based mid-market private equity firm focused on UK and European businesses with enterprise values typically between €200M and €1.5B. Closely matches Epiris's control-buyout approach, partner-owned model and UK-centric mid-market focus.
• Sun European Partners: European mid-market private equity affiliate of Sun Capital Partners, focused on UK and European businesses. Comparable to Epiris on mid-market buyouts, and notably a known seller to Epiris (Sharps Bedrooms, 2021), reinforcing direct competitive overlap.
• Lyceum Capital: Independent UK-focused mid-market private equity firm investing in UK businesses with enterprise values between £50M and £500M. Direct overlap with Epiris on target deal size, UK-only thesis and complexity-driven value creation.
• Bridgepoint: London-headquartered private equity firm investing in mid-market businesses across Europe with similar control-buyout and complexity-resolution capabilities. Comparable on fund scale, sector breadth and UK/European deal flow.
• August Equity: Independent UK mid-market private equity firm investing £15M-£75M in UK businesses. Strongly comparable to Epiris on UK-only mid-market focus, partner-owned structure and buyout and growth strategies.
• Inflexion: UK-based mid-market private equity firm investing £25M-£500M in UK and international businesses. Closely comparable to Epiris on mid-market control-buyout strategy, fund scale and UK headquarters.
• Duke Street: London-based mid-market private equity firm investing in UK and European businesses with enterprise values of £75M-£500M. Directly comparable to Epiris on fund size, mid-market control-buyout approach and complexity-focused strategy (notable Epiris alumni employer).

Broad incumbents

• BC Partners: London-headquartered global private equity firm with larger flagship funds than Epiris. Overlaps on UK mid/large-market buyouts but operates at significantly larger scale and broader geographic mandate.
• Carlyle Group: Global alternative asset manager with a sizeable European buyout franchise investing across mid and large-market deals. Operates at materially larger scale and broader sector mandate than Epiris, but overlaps in UK and European control-buyout activity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/epiris
• Xx.com/epirisllp

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries15 records

Funding overview

Funding rounds

Investors

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

M&A53 records

Investments22 records

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

Frequently asked questions about Epiris