H2 Equity Partners (“H2”) is pleased to announce that it has signed a definitive agreement for the sale of its shareholding in Cadogan Tate Group Holdings (“Cadogan Tate” or the “Company”) to TSG Consumer Partners (“TSG”), a leading private equity firm with a strong track record of growing international brands. The transaction will complete following regulatory clearance. As part of the transaction, management will continue to lead the Company and retain a minority stake.
Founded in 1977, Cadogan Tate is a leading international premium storage, moving and shipping group specializing in fine art and other valuable possessions. The Company’s loyal and extensive customer base includes individuals, art galleries, museums, interior designers and auction houses. The Company is based in London, and currently operates in London, Paris, Côte d’Azur, New York, Los Angeles, Miami and Chicago.
H2 acquired a majority stake in Cadogan Tate from its founder in 2018. H2 has worked closely with the strengthened management team and supported significant growth and development of the business, materially increasing revenues and enhancing margins over the last 4 years. This has been delivered with continued investment in international storage facilities and provision of a full suite of services required by its discerning customer base.
The Company plans to grow into new geographies and deepen its presence in existing markets through greenfield site development and acquisitions, all the while with ‘everything, handled with care.’
Eversheds Sutherland (Legal), PWC (Financial), Grant Thornton (Tax), Strategy& (Commercial) and Lincoln International (Corporate Finance) acted as exclusive advisors to Cadogan Tate and its shareholders.
About H2 Equity Partners
H2 Equity Partners is a leading independent investment firm founded in 1991, making investments in medium-sized companies with significant growth or improvement potential. The H2 team has built an exceptional track record of acquiring, strengthening and growing fundamentally attractive businesses. H2 invests in companies across all sectors that have strong market positions and competitive advantages, which can benefit from the extensive international operating experience of the H2 team.
H2 Equity Partners Fund V was launched in February 2017 and makes investments in the United Kingdom, Ireland and the Benelux. The divestment of Cadogan Tate represents the second successful exit of Fund V which continues to deliver market leading returns. H2 Equity Partners £300 million Fund VI was raised in October 2021.For more information about H2 Equity Partners please visit www.h2ep.co.uk
