Lonsdale Capital Partners (“Lonsdale”), the private equity firm that focuses on the smaller end of the UK mid-market, has announced the completion of two bolt-on acquisitions for its portfolio companies. Global Yachting Group (“GYG”), the leading provider of services to the world’s superyacht fleet has acquired a majority stake in French superyacht finishing company ACA Marine. Avalon, the UK’s leading independent pre-paid funeral plans provider has acquired Plan My Funeral (“PMF”), to strengthen its operations in the UK. The value of the acquisitions was not disclosed.
This is the fourth and fifth bolt-on acquisition that Lonsdale has completed since January 2016 for its portfolio companies and forms part of its active buy and build strategy. It follows a busy period for Lonsdale which closed its first institutional fund at its target hard cap of £110