Elaghmore Partners

Andy Ducker, as Managing Partner and co-founder, leads the investment committee. He is supported by a small team of partners and operating executives, many of whom have taken interim management roles inside portfolio companies. The firm's governance is deliberately lean, enabling quick decisions on sub-£30m enterprise-value targets.

Elaghmore targets UK-based industrial, manufacturing, and business-services companies with enterprise values typically up to £30 million. The firm has a strong preference for corporate carve-outs and founder-owner successions where operational underperformance or complexity has deterred other buyers. It deploys a buy-and-build strategy, consolidating smaller businesses into platform investments.

Elaghmore distinguishes itself through its operational intensity. Partners and investment professionals have a track record of taking interim C-suite roles — CEO, CFO, commercial director — inside portfolio companies during the critical early phase of ownership. This is not a firm that monitors performance from a London boardroom; its Coventry location and operational ethos reflect a genuinely hands-on turnaround philosophy.

Elaghmore has historically structured its capital on a deal-by-deal basis, raising equity from family offices and institutional co-investors for specific transactions. This arrangement provides flexibility on hold periods and avoids the pressure to deploy within a fixed fund lifecycle. Details on any subsequent formal fund vehicles remain undisclosed on the public record.

The firm concentrates exclusively on the United Kingdom, with a particular emphasis on industrial businesses located in the Midlands and North of England. Its Coventry headquarters places the investment team within close proximity to the manufacturing clusters and corporate sites that generate the carve-out and succession-driven opportunities it seeks.

In January 2024, Elaghmore sold Albion Valves, a manufacturer of industrial valves, to a trade buyer. The exit followed a multi-year operational turnaround program that restructured the company's commercial and manufacturing operations. Additional exits from the portfolio have included earlier realizations from its buy-and-build consolidation plays.

Andy Ducker was a partner at KPMG, where he focused on deal advisory and restructuring mandates. He subsequently stepped into an operational role as CEO of a struggling manufacturing business, executing a turnaround before returning to the investment side. This blend of transactional and hands-on operational experience shaped the distinctive engagement model behind Elaghmore's creation in 2016.