Mergermarket British Private Equity Awards Shortlist 2025

3 September

Mergermarket British Private Equity Awards Shortlist 2025

Previous Small Cap Exit of the Year Next

Voting Closed

To find out who won, book a table at the British Private Equity Party Awards 2025 on Tuesday, 30 September at The Brewrey, London


DR&P

Under Inflexion’s ownership, DR&P was transformed into a leading commercial insurance broker in the North of England, with a growing US presence and multisector reach.

Backed by Inflexion, DR&P management executed a highly effective M&A strategy, building a network of strategically aligned regional brokers and investing significantly in scalable technology infrastructure. In just two years, DR&P exceeded its original five-year plan, quadrupling gross written premiums and increasing EBITDA by 360%. Recognising further growth potential, Inflexion recapitalised the business in 2023.

By 2025, DR&P had completed 13 acquisitions – including the pivotal ARB opening up the wholesale market – and achieved a 23% organic growth rate. The team expanded from 91 to nearly 400 across 25 offices, handling over £620m in gross written premiums. DR&P’s client base grew to 46 countries with 95% client retention, despite being UK-focused at the time of investment. An experienced Chair and Finance Director were appointed, and Inflexion’s digital team implemented a scalable broking platform to support integration and growth.

Ultimately, DR&P was sold to BMS Group, delivering double-digit returns for Inflexion and its investors, and exemplifying Inflexion’s approach to accelerating value in the mid-market.

“Inflexion were incredibly supportive. Their Manchester office was important to us; it allowed us to build a northern powerhouse without being London-centric. It was a fast rodeo and a really enjoyable one for us.” John Page, CEO, DR&P

Encore

Queen’s Park Equity (“QPE”) partners with high-quality, founder-led businesses in the UK lower mid-market. We specialise in three resilient, high-growth sectors: Education, Health & Pharma, and Tech-Enabled Business Services.

Founded by an experienced team with over 15 years of working together, QPE’s mission is clear: We Buy to Build. We invest in strong platforms and work closely with management teams to accelerate growth through strategic initiatives, operational excellence, and targeted M&A. Since launching our debut £202m fund in 2020, we have invested in 12 platform companies, completed 16 add-ons and 7 roll-outs, and achieved a standout exit delivering a 5.9x MMx - expected to increase to 7.6x MMx with deferred pipeline payments. This early exit also increased recyclable capital to £35m, thereby increasing the effective fund size by approximately 20% and enhancing the Gross-to-Net IRR spread for LPs.

Following strong deployment, consistent portfolio growth, and the Encore exit in Q4 2024, QPE closed Fund II at £305m in March 2025. The raise was completed in just four months, oversubscribed, with a 114% re-up rate from existing investors and new institutional backers. The final size represents a 50%+ uplift on Fund I. Our highly systematic, data-driven approach has driven 28 acquisitions, 72% of which were off-market. The Ambassador Network - comprising experienced Chairs, CEOs, CFOs, and NEDs - actively supports deal evaluation, governance, and value creation.

Star Brands

Mobeus backs Star Brands to deliver global growth of The Pink Stuff and record exit:

In 2019 Mobeus partnered with a BIMBO team to buy Star Brands, a growing supplier of private label cleaning products and detergents.

The team had strong commercial, product and marketing skills which we used to pivot the business towards a higher margin (and higher value) strategy of building a consumer brand in the category. SB’s existing The Pink Stuff cleaning paste was refreshed with new fragrance, packaging and brand impact and became a runaway success.

Using a bespoke approach to social media the re-launched brand went viral, logging over 200 million monthly views and driving growth beyond UK borders – it is now sold in over 120 countries. The Pink Stuff has also been re-positioned outside the UK as a more premium brand, and the range has expanded to over 20 SKUs.

Under Mobeus’ ownership sales have increased five-fold to over £150m and EBITDA has increased by 15 times. The US is now the brand's biggest market. In 2023 Mobeus facilitated the acquisition in 2023 of The Pink Stuff’s US distributor, as well as working very closely with management to perfect the brand IP.

SB was sold in April 2025 to RPM International Inc, a $14bn NYSE-listed global leader in coatings, sealants, building materials and related products.


Voting Closed

To find out who won, book a table at the British Private Equity Party Awards 2025 on Tuesday, 30 September at The Brewrey, London