Five East Mids companies make Sunday Times list
Five East Midlands-based companies have made it onto the fifth annual Sunday Times Deloitte Buyout Track 100. The highest placed company in the region is Chesterfield-headquartered solid fuels supplier, CPL Industries, which enters at number 44. The list ranks the UK’s 100 fastest growing private equity-backed companies over the past two years.
CPL Industries, which is backed by RBS and Vision Capital, experienced annual profit growth over the last two years of more than 40 per cent.
Other East Midlands companies which have made the top 100 include skincare product maker Deb Group. The Derbyshire-based company enters the ranking at number 57. Deb Group experienced annual profit growth of 34.4 per cent over the last two years. It’s main shareholders are Charterhouse and Mgmt.
Youth care homes operator Castle Care and The National Accident Helpline, both based in Northamptonshire, were named at numbers 69 and 76 respectively.
Discount retailer 99p Stores completed the East Midlands line up at number 84. The retail chain, which is owned by shareholders Lalani Family and Barclays Ventures, experienced annual profit growth of more than 25 per cent over the last years.
Across the Midlands 13 companies entered the rankings, compared to 16 in the 2009 listing. The 13 companies employ 14,700 people, and have generated combined profits of £165m.
Chris Loughran, head of the Midlands region at Deloitte, said: “Many private equity backed businesses in the Midlands have weathered the storm once again and shown that sustained growth is possible.
“As the economy continues to strengthen and transaction confidence returns, deal volumes and corporate appetite for expansion through acquisitions will increase and I believe that many private equity back businesses will remain at the centre of M&A activity.”
