Calculus Capital delivered a 5.3x return to investors.
Waterfall, headquartered in Warrington, is one of the UK’s leading independent mid-sized contract caterers operating through two very strong brands in Caterplus and Taylor Shaw. Caterplus services residential and care homes across the country, as well as welfare charities and shelters and it is regarded as the largest operator in the sector. Taylor Shaw operates in the education sector with contracts for state primary and secondary schools and colleges and a presence in B&I.
In December 2014, Calculus Capital exited its investment in Waterfall Services through a secondary buyout by LDC, the mid-market private equity investor.