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Buyout PE

Endless

Endless acquires controlling stakes in established, profitable businesses, from Leeds, UK. It states a focus on business & professional services, food & beverage and industrials & manufacturing.

Disclosed holdings40
Earliest stated investment2026
HeadquartersLeeds, UK
Stated cheque sizeEndless fund: GBP 50m-1bn revenue targets; Enact fund: GBP 10m-50m revenue targets

Stated investment criteria

What Endless says it buys

Read from Endless’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Revenue it states£50m to £1bn1
Transaction typesCarve-out1
People listed on its team page362

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Endless to consider any particular business, and nothing on this page is represented as being for sale.

Regulatory record

How Endless is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusExempt reporting adviser
Regulatory assets under managementNot reported by an ERA
Private funds advised5 · $649m gross
SEC adviser numberCRD 161917

An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.

Portfolio

Disclosed holdings

Companies Endless lists on its own website. 1 carry a stated investment year.

CompanyInvestedYears heldRecorded transaction
ANOCHROME20260
ASCO
Accrofab
American Golf
Arran Aromatics
BSW Timber
Bright Blue Foods
Carpet Flooring
Chaucer Foods
Crown Paints
Edbro
Evo 2
Excelsior Technologies Ltd
Findel Education
Fyber Digital
Geo Specialty Chemicals
Gradus
Greenray Turbine Solutions Limited
High Street Tv
Hovis
Imtech
Ink
Karnova
Karro
Ktc
Menzies
Mit
Neville Johnson
Pal International
Propaganda Agency
Qualter Hall
Realise
Redhall Networks
Sewtec Automation
Stirling Dynamics
The Works
Veloris
West Cornwall Pasty Company
Weyland Europe
bathstore

Compiled from Endless’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Valuation context

Transaction values in Business & Professional Services

What companies have actually sold for in business & professional services, across 668 recorded transactions.

Median consideration$55m
Middle 50%$11m-$200m
Revenue multiple1.2×
EBITDA multiple8.5×

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Comparable investors

Similar mandates

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