Growth Partner sells Synergym stake and targets more private equity exits
Updated
Updated · Bloomberg · May 1
Growth Partner sells Synergym stake and targets more private equity exits
4 articles · Updated · Bloomberg · May 1
Founder Richard Harpin said the Spanish fitness chain deal exceeded Growth Partner's target 2.5-times return, implying gains of at least 150%.
The UK billionaire said his family office wants more sales this year after the Synergym exit, even as larger buyout firms face a prolonged transactions slowdown.
Harpin built HomeServe, later acquired by Brookfield Asset Management, and is now seeking to accelerate exits from Growth Partner's private equity portfolio.
How did Richard Harpin's 'copy and pivot' strategy transform a Spanish gym chain into a prime acquisition target?
In a stalled market, what is the family office playbook for engineering 2.5x exits while larger buyout firms struggle?
As family offices accelerate exits, how are they navigating Europe's complex FDI rules faster than larger rivals?