View videos from the Phoenix portfolio of past and present investments.
Rayner is a leading developer and manufacturer of ophthalmic implants and pharmaceuticals. It specialises in providing intra-ocular lenses and related products used in cataract and refractive surgery that improve the eyesight and quality of patients’ lives. Phoenix is working with CEO Tim Clover and the team to accelerate the development of a number of new products, strengthen Rayner’s international reach and explore strategic acquisition opportunities.
KR Group (KRG) is a leading independent provider of specialist financial products for retirees. Through its More2Life subsidiary, KRG directly originates lifetime mortgages (LTMs) on behalf of third party funders. Phoenix invested in KRG in 2013, with a focus on expanding the More2Life funding base and increasing the lifetime value of customers. During Phoenix’s ownership revenues doubled and profits more than trebled. In August 2017 the business was sold to Partners Group.
Palletways is Europe’s largest and fastest growing network for palletised express freight. Phoenix spent a year working alongside James Wilson (former CEO of TNT) to identify an attractive investment opportunity in the specialist logistic sector, before investing in Palletways. During the period, Palletways was transformed from a UK business into the only pan-European palletised freight network. Additional capital supported international expansion, and network economics were re-engineered. In 2016, Palletways was sold to Imperial Holdings.
Edif is a leading worldwide provider of a diverse range of testing and inspection services for large industrial assets. Edif reduces risk, optimises performance and enhances the capability of its clients’ assets. Partnering with CEO Rob Dilworth, Phoenix invested in Edif in 2011. Two platform acquisitions were successfully executed that year and ten more acquisitions were subsequently completed, enhancing Edif’s range of services and its geographical reach. Following the development of a global network across 45 countries and 28 offices, Edif was sold to RINA S.p.A in 2016.
Karma Communications Group ("Karma") is a leading independent marketing services group with a fully integrated offer and a strong focus on digital and new media channels. Phoenix invested in 2011. During the investment, growth was achieved through both the organic development of the business and by acquisition; three further businesses were acquired. The Karma team was also strengthened further with the appointment of five senior recruits with outstanding reputations in the industry.
Led by CEO John Treharne, The Gym is a leading operator of low-cost gyms. During Phoenix's investment period, there was a strong focus on accelerating the roll-out of new gyms in high quality locations, and the rate of new site openings doubled along with member numbers. A larger and highly experienced management team was also built. The business achieved a successful IPO in 2016.
CloserStill is a leading international business-to-business exhibition organiser. It focuses on the healthcare and IT sectors and uses a highly disruptive business model. We invested in the company in May 2012. During the investment period, Phoenix and the management team developed an ambitious strategic plan to grow rapidly through new launches, acquisitions and international expansion. Staff numbers doubled, revenues tripled and profits quadrupled. CloserStill was sold in March 2015.