Squire Patton Boggs has advised UK private equity firm Elysian Capital on its acquisition and investment in Activate Group Limited and Activate Accident Repair Group Limited.
The team advising Elysian Capital was led by Corporate partners Paul Mann, David Milne and Mae Salem, and included director Louise Parker and associates Joshua Astill-Headley, Halaina Tak and Matthew Vautrey. Tax advice was provided by partner Patrick Ford and associate Thomas Barr.
Elysian Capital is an independent Private Equity firm focused on the lower mid-market in the United Kingdom and Ireland. It acquires majority stakes in growth businesses valued between £20 million and £100 million. The acquisition of Activate Group represents the seventh investment in the Elysian Capital III LP Fund which closed in September 2020 at £325 million.
Established in 2015, Activate provides accident management services to insurance groups and corporate fleet operators, undertaking the vehicle repairs either in house through its own network of nine repair centres or externally through its network of third-party repair centres.