What TPA Capital does

TPA Capital is an independent UK private equity firm headquartered in Mayfair, London, founded in 2013 by Greg Allen (then under the legal name Capitis Consulting Limited). The firm deploys equity investments of up to £30m into UK small and medium-sized enterprises through an evergreen fund structure with no fixed hold period or forced-exit timeline, differentiating it from time-constrained traditional PE sponsors. Investments are executed through buyout, growth, and minority structures, with a stated preference for minimal day-one external debt and growth-led capital structures rather than leverage engineering.

The firm's current portfolio of seven active companies spans business services verticals including built-environment consultancy (Lysander), UK logistics technology-enabled services (Northstarr), supply chain data and analytics (Visku), bathroom distribution (Barwick and Clifton Trade Bathrooms), international relocation and moving services (Move One), and US-based fuel management and fleet automation (EJ Ward). Past investments include IBA Insights (aviation data and intelligence, exited 2026 generating 6x+ return to bd-capital), DSwiss (secure digital services, exited 2019), and Deltalis (Swiss maximum-security data centre, exited 2018).

TPA Capital generates returns through capital appreciation and exit events rather than traditional management fees; deal flow is sourced through direct outreach to UK SME management teams, founder relationships, and intermediaries including corporate finance advisers. The firm's value proposition centres on active operational partnership across M&A execution, senior hiring, strategy, and technology enablement, backed by a senior team staffed with alumni of Deloitte, PwC, EY, Rothschild, Credit Suisse, Sovereign Capital, Foresight, Queen's Park Equity, and Clifford Chance. The firm is authorised and regulated by the Financial Conduct Authority under reference 805219.

Name

TPA Capital

Legal name

TPA Capital LLP

Website

https://tpacapital.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

TPA Capital is an independent London-based private equity firm that deploys up to £30m of equity into UK SMEs through an evergreen fund structure, backing ambitious management teams in business services with flexible, long-term capital and operational support.

Ownership category

akta.pro rank

Product category

Private Equity / SME Investment Management

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Infrastructure Secondaries (FSANAFAG)

Keywords

• Private equity investment
• Growth capital
• UK SME buyouts
• Business services investment
• Minority equity investing

Headquarters

HQ city

Berkeley

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

Revenue model

1. Investment Returns and Management Fees: TPA Capital generates returns through equity investments in UK SMEs. As a private equity investor, they earn returns through capital appreciation and exit events (trade sales, secondary sales, IPOs). Their evergreen fund structure provides long-term hold periods without forced exit timelines, allowing value to compound over extended periods. They do not charge traditional client fees but generate value through successful portfolio company exits.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

TPA Capital is an independent private equity investor that deploys equity capital of up to £30m into UK small and medium-sized enterprises in the business services sector via buyout, growth, and minority structures. Investments are funded through an evergreen fund with no fixed hold period, and the firm partners with management teams on strategic clarity, bolt-on M&A, talent and governance, and technology/AI enablement. The firm also selectively invests in US-headquartered businesses.

Product overview

TPA Capital operates as an independent private equity investment firm offering a unified suite of capital and advisory services. The firm provides equity investments up to £30m to UK SMEs in the business services sector through buyout, growth, and minority deal structures, backed by an evergreen fund structure with no fixed hold period. The current portfolio comprises ten companies: Lysander (built environment consultancy), Northstarr (UK logistics technology), Visku (supply chain optimisation platform), Barwick (premium bathroom products distributor), Clifton Trade Bathrooms (trade bathroom merchant), Move One (international logistics), and EJ Ward (US fuel management systems). Prior portfolio includes IBA Insights (aviation intelligence, exited 2026), DSwiss (secure digital services, exited 2019), and Deltalis (Swiss data centre, exited 2018). The firm also offers operational support across M&A, talent, strategy, and technology/AI enablement.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Equity Investment Services Independent private equity investment targeting UK SMEs with flexible equity capital up to £30m per investment, supporting long-term growth through buyout, growth and minority structures with active operational support across M&A, hiring, strategy, execution and technology/AI enablement.

Quantifiable outcome

• IBA exit generated more than 6x invested capital

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Lyceum Capital: UK mid-market private equity firm investing in growth-oriented UK SMEs, often with buy-and-build strategies in business services and consumer sectors. Comparable in size, geography, and sector focus to TPA Capital.
• Penta Capital: UK mid-market PE firm investing in UK SMEs with enterprise values typically in the £20m-£150m range. Comparable in geography, deal size, and business services sector focus.
• Mobeus Equity Partners: UK lower mid-market PE firm providing growth and buyout capital to UK SMEs, typically with smaller cheques than TPA Capital's £30m ceiling. Comparable in target market and active management style.
• YFM Equity Partners: UK SME-focused PE firm with regional presence, investing growth and buyout capital in UK SMEs across business services and industrials. Comparable in target market and deal types.
• BGF (Business Growth Fund): UK's most active growth investor providing minority and majority equity to ambitious UK SMEs. Highly comparable target market and business services focus, though typically with smaller cheque sizes than TPA Capital.
• Sovereign Capital: UK lower mid-market private equity firm focused on business services and healthcare, with a buy-and-build strategy. Highly comparable to TPA Capital given shared sector focus, cheque size range, and buy-and-build execution approach. Partner Ravi Aujla previously executed over 20 transactions at Sovereign Capital.
• LDC (Lloyds Development Capital): One of the UK's most active mid-market PE investors, backing management teams of UK SMEs across a range of sectors. Directly comparable in target market (UK SMEs), cheque size, and active management approach.
• Connection Capital: UK mid-market PE firm focused on UK SMEs, with similar cheque sizes and active management approach. Direct peer in the UK lower mid-market segment.

Broad incumbents

• Foresight Group: Larger UK-listed PE and infrastructure investment manager with a broader product range. Investment Manager Jak Wright previously worked at Foresight's venture capital portfolio, making it a comparable training ground and competitor in the UK lower mid-market.
• Alantra: International investment banking and asset management firm with UK PE advisory and investment activities. Investment Associate Ollie Wratten previously spent three years at Alantra advising on M&A in Technology and Services sectors, making it a comparable advisory and deal flow partner.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

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

M&A2 records

Investments3 records

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

Frequently asked questions about TPA Capital