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Phoenix Equity Partners

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Phoenix Equity Partners is a United Kingdom mid-market private equity firm. It specialises in partnering with founder-entrepreneurs and their teams to grow their businesses.[1] Phoenix typically invests £10–60 million of equity per partnership.[2]

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History

Phoenix was co-founded in 2001 by Hugh Lenon, Sandy Muirhead, James Thomas, David Burns and Kevin Keck. [3] David Burns and Richard Daw were made Managing Partners in 2014.[4]

More recently, in September 2024, the firm launched its Flagship Fund and Growth Partnership Fund, raising over £600 million to pursue mid-market buyouts and growth investments across the UK and Europe. [5]

In 2025, Kevin Keck was appointed co-Managing Partner alongside David Burns, reflecting a leadership update at the firm. [6]

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Recent transactions

Phoenix has been active across technology, healthcare, and mid-market buyouts, with a series of investments and fund launches that reflect its sector-focused strategy.

In August 2024, Phoenix backed Cybanetix, a UK-based cybersecurity provider specialising in managed detection and response for mid-market businesses. [7]

The following month, the firm closed a £200 million continuation vehicle for Nineteen Group and Envisage Dental, extending ownership to fund buy-and-build strategies and organic growth initiatives. [8]

In December 2024, Phoenix acquired a stake in London Gynaecology, a specialist women's health clinic group. [9] The deal provided capital to expand services and locations amid rising investor interest in women's health. [10]

In July 2025, Phoenix invested in FutureMeds, a clinical trial management services provider operating across Europe, supporting growth in patient recruitment and site capacity across its network. [11]

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References

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