AURELIUS UK
Creating value through the operational improvement of companies with development potential.

ABOUT AURELIUS UK

We are a pan-European investment group focused on creating value through the operational improvement of companies with development potential. We are publicly listed in Germany and we operate from offices in Germany and the UK.

We have a track record of successful investment in more than 50 companies in numerous geographies, industries and sectors. Aurelius improves the operational performance of companies by providing management capabilities and financial resources for investing in products, sales and R&D. Aurelius has liquid cash resources for investment of over £200m.

Our Investment Criteria

Aurelius UK invests in European, middle market, private and public companies which have improvement potential through financial and operational support. We make investment decisions based on the following criteria:

Deal size

We focus on businesses with sales of £25-1,000m+, EBITDA margin from negative to +15% and with equity investment requirements of up to £70m

Situation

We seek control equity investment opportunities in underperforming businesses with development potential requiring financial or operational improvement or turnaround

Sectors

We invest in opportunities, rather than specific sectors, although we have proven capability in Business Services, Chemicals, Consumer Goods, Food & Beverages, Industrials and TMT

Transaction types

We specialise in investing in medium-sized companies and corporate spin-offs, as well as transactions including private company and portfolio acquisitions, MBOs, MBIs, IBOs, P2Ps, and complex divisional carve-outs from corporates, owner managers, private equity and banks

Business attractions

We seek businesses with growth potential and established market positions in industries with barriers to entry, which would benefit from close operational assistance

Our Advantages

Aurelius UK is a hands-on proactive and supportive operational investor with a long-term investment horizon

Deliverability

  • We fund deals on an ‘all equity basis’ without the need for third party financing
  • Minimal external input required to complete: we have in-house legal and due diligence capability
  • We are a highly experienced investment team with proven ability to transact at speed

Flexibility to vendor requirements

  • Scope to accommodate minority shareholders, vendor loans, earn outs and deferred consideration structures
  • We offer anti-embarrassment protections

Operational focus

  • We employ a team of 100 operational CEOs & managers and taskforce members to help deliver real operational improvement - not financial re-engineering
  • Our portfolio companies are sustainably developed by investment and operational support in Sales, Marketing, Logistics, Procurement, Supply Chain, Production as well as Legal, Human Resources, Finance and Investor Relations; and with strategic bolt-on acquisitions

Long-term investment horizon

  • Committed capital on balance sheet means we are a stable, bank-independent investor
  • Long-term capital makes us patient providers of capital - we are not exit driven

Our investments

Over the past decade Aurelius Group has invested in more than 60 companies across Europe. Our current portfolio companies employ more than 13,000 people, generating combined annual revenues in excess of £2.5 billion. Set out below are those of our deals that have UK operations.


Logo Pullman

Pullman

Pullman Fleet Solutions (formerly: Pullman Fleet Services) is UK’s largest independent provider of commercial fleet management and maintenance, with a focus on heavy goods vehicles. Pullman provides a full service fleet management offering to its diverse blue chip customer base through its national network of 27 services centres and over 70 mobile service vehicles, supported by more than 250 highly trained technicians. Based in Doncaster Pullman has built a strong reputation and track record for excellence over its 35 years of operating, it employs over 430 staff across the UK and manages over 35,000 pieces of equipment 24/7/365.

» Website
Logo Armstrong Ceiling Solutions

Armstrong Ceiling Solutions

The Armstrong ceiling tiles and grids businesses in Austria, Estonia, Germany, Ireland, Italy, Latvia, Lithuania, Portugal, Spain, Turkey and the UK are the leading manufacturer of suspended ceiling tiles and grids for commercial buildings. Formerly part of Armstrong World Industries Inc, the businesses being acquired consist of two production facilities and business operations and sales capabilities across 11 markets.

» Website
Logo Rivus Fleet Solutions

Rivus Fleet Solutions

Rivus Fleet Solutions (formerly: BT Fleet Solutions) is UK’s #1 commercial fleet management business delivering a comprehensive suite of services to blue chip customers, via its national network. Headquartered in Solihull, Rivus Fleet Solutions offers a comprehensive suite of fleet management services across all stages of the vehicle life cycle, through its network of 65 in-house garages, 500 partner facilities and 50+ mobile technicians. Established in 2002, Rivus Fleet Solutions employs around 950 staff around the UK, and manages more than 80,000 vehicles for over 26 blue chip customers across diversified industries.

» Website
Logo Ideal Shopping Direct

Ideal Shopping Direct

Ideal Shopping Direct is a leading demonstration based live television and omni-channel retailer. The company sources, designs and sells products through its two core brands and dedicated channels, Ideal World and Create & Craft. With over 600,000 customers, Ideal World specialises in lifestyle products including home, leisure and fashion whilst Create and Craft is focused on the UK crafting market and is supported by an in-house product development team. Ideal Shopping Direct has over 800 employees and is based in Peterborough where is has dedicated facilities for show production and transmission.   

» Website
Logo Wex Photo Video

Wex Photo Video

Wex Photo Video, established in 1997, is the UK’s leading online photo retailer, focused on meeting the needs of enthusiast and pro photographers and videographers with over 17,000 products. The Wexphotovideo.com website is complemented by a highly knowledgeable customer contact team, its Norwich showroom, and extensive online content.  In September 2015, Wex Photographic acquired Fixation, the country's leading repair workshop, also offering equipment rental, advice and sales from its base in Kennington, London. In 2017, Wex merged with Calumet’s UK business to offer a true omni-channel experience across its website, shops and Norwich-based contact centre.

» Website
Logo Office Depot

Office Depot

Office Depot operates in the UK and thirteen countries across Europe through its two main brands: Office Depot and Viking. Office Depot serves workplace needs through a wide range of office supplies, technology products, business machines, printing supplies, facilities products and furniture. Office Depot has had a presence in the UK since 1991 and from its Leicester head office service customers throughout the country.

» Website
Logo CalaChem

CalaChem

CalaChem Fine Chemicals is a leading producer of fine chemicals for renowned clients in the agrochemical, pharmaceutical and speciality chemical sectors. The company offers a range of services including manufacture, development and large-scale production. It also provides a range of services to other companies adjacent to its site in Grangemouth, Scotland. Before being acquired by Aurelius, CalaChem was a subsidiary of the 3i-backed Finnish KemFine Group

» Website
Logo Transform / The Hospital Group

Transform / The Hospital Group

Transform Hospital Group is the UK’s leading provider of surgical and non-surgical cosmetic procedures, as well as weight-loss treatments. The company operates through two brands “Transform” and “The Hospital Group” and has a network comprising 20 clinics in England, Scotland and Wales, as well as two dedicated cosmetic procedure hospitals in Manchester and Birmingham.

https://www.transforminglives.co.uk/
​https://thehospitalgroup.org

» Website
Logo Calumet

Calumet

Calumet is a multi-channel retailer of branded and own-label photography equipment and services with locations across Germany, Belgium, and the Netherlands. Calumet’s expanding online business and pan-European network of specialist stores offer a premium purchasing experience across all channels to a diverse customer base of photography enthusiasts, professionals, and companies.

» Website
Logo Sealine

Sealine

Sealine International is a leading motor boat builder acquired in September 2013 by Aurelius Group, as a bolt-on to HanseYachts. During its 40 year history, Sealine has developed a reputation for 35 - 60 ft motor yachts which feature ground-breaking, cutting-edge designs. Following acquisition, production of the Sealine range has been moved to one of the most state-of-the-art yacht yards in the world, located at Greifswald, Germany

» Website
Logo Briar Chemicals

Briar Chemicals

Briar is a provider of crop protection and specialty industrial chemicals and Aurelius’ third major acquisition in the chemicals industry. An Aurelius investment since September 2012, the Norwich-based business was acquired from Bayer CropScience. Our strategy since investment has been to focus on extending Briar’s product portfolio and expanding contract production for third-party customers, as well as maximising the marketing expertise of existing Aurelius affiliates in the specialty chemicals sector

» Website

Our Case Studies

Set out below are case studies of recent Aurelius UK deals

Our Team

Aurelius’ experienced UK team comprises both investment specialists and operational managers, who together are dedicated to sourcing, executing and managing investments across the UK & Ireland. We are supported by Aurelius Group's executive, investment and operational teams.

Investment Team

Tristan Nagler

Managing Director

  • BA (Hons.), FCA and Executive MBA
  • KPMG Corporate Finance, Investec

    +44 (0)20 7440 0485

Peter Wood

Principal

  • BSc (Hons)
  • Next Wave Partners LLP, PwC, Accenture plc     

    +44 (0)20 7440 0484

James Sharp

Principal

  • JIEB, ACA, BSc
  • ESO Capital, CBRE Hotels, KPMG, PwC

Thomas Pinks

Investment Manager

  • BSc, MSc
  • Mizuho Investment Management, Alegro Capital, Pöyry Capital, HSBC

    +44 (0) 20 7440 0497

Freya Macken

Investment Manager

  • BSc (Hons.), MSc (Hons.)
  • Credit Agricole, Barclays

    +44 (0)20 7440 0495

Andrew Roth

Investment Manager

  • BSc (Hons), ACA
  • Deloitte LLP

    +44 (0)20 7440 0493

Philip Stoner

Investment Manager

  • BSc (Hons) ACA
  • PwC

    +44 (0)20 7440 0487

Kayan Kanga

Investment Associate

  • MEng, ACA
  • PwC

    +44 (0) 207 440 0486

Prakash Rajani

Investment Associate

  • ACA, BSc (Hons)
  • KPMG

Jonathan Yong

Senior Legal Counsel

  • BA, MA (Oxon), GDL, LPC
  • Ropes & Gray International LLP, White & Case LLP

    +44 (0)20 7440 0483

Operational Team

Christian Schmehl

Vice President

  • PhD, MSc, GradDip, BA (Hons)
  • Getronics Group, KPMG (London/Berlin) Corporate Restructuring , mbb consult GmbH

GAVIN DUKE

Senior Practice Manager

  • MBA
  • Tate & Lyle, Air Products plc, ITI Energy, Aloe Private Equity

Nicholas Eichorn

Senior Operations Manager

  • ACCA in progress, Bachelor of Commerce Majoring in Finance
  • Minerva Research Labs Ltd, PwC

Amar Gulati

Senior Operations Manager

  • BSc, ACA
  • PwC

Daven Chopra

Operations Manager

  • BSc, CIMA
  • Deloitte

Paymon Daneshpay

Operations Manager

  • CEng
  • KPMG, Curzon and Company, HL Display, IMI PLC

Support Team

SARAH HAWKINS

Junior HR Manager

  • BA
  • The Workshop Technologies, Tyche Consulting

    +44 (0) 207 440 0492

Georgina Hamilton-Briscoe

Team Assistant & Office Manager

  • BSc
  • Odey Asset Management

    +44 (0) 20 7440 0480

Media Centre

Aurelius corporate carve-out survey 2020

Aurelius Equity Opportunities is conducting its fifth annual Corporate Carve-Out Survey. The survey collates the opinions of Aurelius’ network of UK and continental European advisory and corporate contacts on their expectations for corporate divestment activity in the European market in 2020.

AURELIUS CORPORATE CARVE-OUT SURVEY 2020​

News

See our latest news and archive here.

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Blog

Read our latest blog articles here

Media Contacts

Anke Banaschewski
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+49 (0) 89 544799 0
 
Zinka MacHale
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+44 (0) 20 3745 4960

Aurelius UK tax strategy

Aurelius UK tax strategy
» Download (PDF, 107kB)

Career

At Aurelius Group we are always on the lookout for people who want more than just a job.

The continued development of our business heavily relies on us recruiting bright people able to source and execute investments as well as manage and restructure companies.  We are a long-term investor and have the same commitment to our people. In our dynamically growing group, we offer employees a great career opportunity – whether you are looking for a role as an intern or managing director, lawyer or operational manager, Aurelius will be a GOOD HOME for your career.

STAYING COVID SECURE ON A VISIT TO OUR OFFICE

To ensure your safety and that of our team we have taken advice from the Government in installing measures to help keep the Aurelius office COVID-19 secure.

Read more about your visit at our office

Contact us: +44 (0)20 7440 0480

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Our AURELIUS UK office is located at
6th Floor, 33 Glasshouse Street, London W1B 5DG

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