Backing established UK businesses through a change of ownership
Private equity discipline, family-office flexibility, an operator’s judgement.
Norrice is a family-backed investor in UK businesses. We buy businesses from owners who are ready to sell all or part of their company, invest alongside ambitious management teams, and lend to established companies.
Whether you own a business, advise one or finance one, you deal directly with the two people who make the decisions, and you get a prompt, straight answer.
£1m to £5m
EBITDA in the businesses we acquire
60+ years
Combined operating and investment experience
Direct
You deal with the two people who make every decision
What we look for in an acquisition
- Consistent profitability, typically £1m to £5m EBITDA, sustained over several years
- Loyal customers, good margins and strong cash conversion
- Any sector, with a lean towards industrials and business services
- A management team we can back for the long term
How we work
- Clear written offers, with our price explained
- Structured around the seller: cash at completion, the balance over time and a stake for those who stay
- Conservative structures and proper reporting once we own a business
- Long-term ownership, backing the business to grow
Latest news
Norrice invests in Troubadour alongside Pembroke VCT, Harlo and Bayes
Norrice has joined a £3.2m funding round for Troubadour, the London maker of premium backpacks, luggage and accessories.
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Adam and Julian have taken the time to really understand our business, our vision and how we operate; adding deep strategic value with their experience, insight, and network to become lasting partners
Neil Yates
Founder and CEO, Watt Electric Vehicles -
Having worked with Adam on several high-profile transactions in the past, I know that when succession is required for a UK based owner-managed business, he is someone who can be relied on, with a keen eye for detail and robust in approach, to ultimately drive results
Chris Roberts
CEO, CRA -
Adam is a trusted partner whose insight, integrity, and creativity strengthen our business over time; always adding value, always aligned, and always invested in our shared success
Guy Ivesha
Founder and CEO, Maslow's Group -
Julian's clarity of thought, unwavering support and ability to cut to the heart of any problem with a proactive solution makes him an incredible asset to our leadership team and an inspirational mentor.
Jennifer Long
Managing Director, IceBlue -
Adam and the Norrice team were diligent, commercial and decisive throughout the Troubadour round, and a pleasure to work with. I’d happily recommend them to anyone looking for a thoughtful, straightforward investor.
Jonathan Friedman
Managing Partner, Novalta Partners