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Rob Crossland, Parasol

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7:47 am, February 5, 2010
Four companies make private equity profits ranking

Four businesses from the Manchester area feature in this year's Sunday Times Buyout Track 100 ranking of the private equity-backed companies with most profit growth.

Warrington-based umbrella services provider Parasol finished 14th after reporting an 87 per cent increase in profits to £3.6m; Oldham-based Ultimate Products was ranked at 17th after disclosing an (unaudited) profit increase of 78 per cent to £5.2m; and Manchester-based recruitment firm Air Energi was close behind after increasing profits by 76 per cent to £5.3m.

Bolton-based Integrated Dental Holdings, which was sold to Merrill Lynch Global Private Equity in a £300m deal in 2008, witnessed a 61 per cent increase in earnings before interest, tax, depreciation and amortisation of £31.9m.

“The results show that private equity-backed businesses in the North West are achieving strong profit growth through performance improvement measures and refreshed strategies,” said Paul Lupton, who heads the Buyout Track sponsor firm Deloitte's North West team. “Private equity investors continue to play an important role in developing businesses and as the economy improves, I expect to see increasing deal activity.”

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