# PHD Equity Partners

PHD Equity Partners is a Private Equity based in Warrington, United Kingdom.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Warrington, United Kingdom
- **Region:** Europe
- **Address:** Warrington, United Kingdom
- **Founded:** 2008
- **Assets under management:** Undisclosed
- **Website:** phdindustrialholdings.com
- **LinkedIn:** https://linkedin.com/company/phd-equity-partners

## Regulatory record

- **Reports private funds:** No

## About

PHD Equity Partners is an independent private equity firm owned and controlled by its Partners. The firm invests in UK businesses with an enterprise value of up to £10m, typically taking a minority stake. PHD Equity Partners has made 7 investments, including Auto Marine Cables in 2019, and has 2 portfolio exits, including Barber of Sheffield in 2016.

## Sectors

- Industrial Tech
- Manufacturing
- Business Services

## People

- Andy Dodd — Managing Partner
- David Roberts — Partner

## Questions

### Who leads investment decisions at PHD Equity Partners?

Managing Partner Andy Dodd, a co-founder of the firm, oversees investment decisions alongside Partner David Roberts. The investment committee reflects the compact partnership structure rather than a multi-layered institutional process.

### What is PHD Equity Partners' typical investment size and structure?

The firm targets UK companies with revenues between £2 million and £10 million, executing management buyouts, management buy-ins, and turnaround situations. PHD takes majority or significant minority equity positions and emphasizes operational restructuring as the primary value driver.

### How does PHD Equity Partners source its deals?

PHD sources deals primarily through regional intermediary networks, professional services referrals, and direct outreach to owner-operators in the North of England and the Midlands. The firm's specialization in industrial turnarounds and succession-driven transactions creates a distinct sourcing profile outside competitive auction processes dominated by larger funds.

### Which sectors does PHD Equity Partners avoid?

The firm's investment mandate excludes financial services, pure technology startups, and asset-light service businesses. PHD focuses exclusively on industrial, manufacturing, and engineering companies — it does not pursue consumer brands, life sciences, or real estate investments.

### Does PHD Equity Partners raise external funds or invest from a permanent capital base?

PHD operates as an independent partnership without a single-family or permanent capital anchor. The precise investor base has not been publicly disclosed, but the firm's structure allows flexible hold periods unconstrained by standard fund-life limitations.

## Related profiles

- [PHD Capital](https://altss.com/profile/phd-capital)
- [PHD Retirement Consulting](https://altss.com/profile/phd-retirement-consulting)

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Last updated: 2026-06-03T20:00:00.000Z

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