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Kempen Private Markets Fund invests in UK-based Channel 3 Consulting

29 June 2021

Established in 2009, Channel 3 helps its clients harness the power of technology to deliver better patient outcomes, improve services and operate more efficiently. Over the past decade, Channel 3 has worked with over 90 organisations across the National Health Service (NHS), private healthcare, local government, the Ministry of Defence and the wider public sector. It is currently appointed to several key NHS frameworks. 

Kempen co-invests in the management buyout together with its long-term UK investment partner WestBridge Capital and as a group they have a majority stake in the business, with the balance owned by the Channel 3 management team.

Sven Smeets, Managing Director of Kempen Private Markets, comments: ‘With Channel 3 we back a highly experienced management team in the buyout of a niche, high growth digital healthcare consultancy business. In recent years, CEO John Howard and his team have proven their ability to capitalize on Channel 3’s strong fundamentals in the growing and dynamic health and care sector, which demonstrates great momentum for further digitalisation. We are delighted to be part of this journey together with our partner WestBridge Capital and we are committed to supporting management with the growth of Channel 3 in the years to come.’

Jorrit Willigers, Director of Kempen Private Markets, adds: ‘An example of a project that Channel 3 is focusing on is the digital transformation of the UK's NHS. The need to digitalise the NHS has been understood for many years and the challenges presented by Covid-19 have emphasized this further. Longer term, the launch of NHSX in 2019 - a collaboration between the Department of Health and Social Care, NHS England and NHS Improvement tasked with driving the digital transformation of healthcare - presents strong opportunities for Channel 3.’

Guy Davies, Managing Partner at WestBridge Capital, said: ‘We are pleased to report that with the support of our co-investor Kempen we have successfully closed the management buyout of Channel 3.  We are delighted that Kempen has chosen WestBridge as its UK private equity investment partner and that they are co-investing with us in Channel 3. We look forward to working with Kempen and the management team on this very exciting opportunity. We have worked together with Kempen for years on various other successful deals and we view the Kempen team as a partner in an alliance that offers room for professional, long term entrepreneurial investing.’

About the Kempen Private Markets Fund
The Kempen Private Markets Fund invests in the share capital structure of four private markets asset classes: Private Equity, Infrastructure, Land and Real Estate. The fund currently invests in 17 partnerships and three direct co-investments. The Kempen Private Markets Fund was set up in 2018 and has over €200 million in committed client capital. Its unique open-end structure offers investors entry and withdrawal on a quarterly basis, subject to a 3-year lock-up and depending on available liquidity.

Disclaimer
The Kempen Private Markets Fund (the Sub-Fund) is a sub-fund of Kempen Alternative Markets Fund SICAV-RAIF (the “Fund”), domiciled in Luxembourg. Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM is authorised as a management company and regulated by The Netherlands Authority for the Financial Markets. The Sub-Fund is registered under the license of the Fund at the Netherlands Authority for the Financial Markets.

The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch and English) and the prospectus (available in English). These documents of the Fund are available on the website of KCM (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English. The Subfonds is registered for offering in a limited number of countries. The countries where the subfund is registered can be found on the website. 

The value of your investment may fluctuate. Past performance provides no guarantee for the future.

About Kempen Capital Management

Kempen Capital Management is a specialist asset manager with a focused approach and a clear investment philosophy. We believe in long-term stewardship for our clients and other stakeholders. Kempen provides sustainable returns, fiduciary management services, manager selection, portfolio construction and monitoring, alongside a number of actively-managed investment strategies. As of 31 December 2020, Kempen Capital Management had a total of €86.2 billion in client assets under management.

Kempen Capital Management, part of Van Lanschot Kempen Wealth Management NV, is a specialist and independent wealth manager. Kempen Capital Management NV is licensed as a manager of various UCITS and AIFs and authorised to provide investment services and as such is subject to supervision by the Netherlands Authority for the Financial Markets. Kempen Capital Management (UK) Ltd is licensed as a manager and subject to supervision by the Financial Conduct Authority.

For more information, please visit: kempen.com

 

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