Welcome to Exponent

Exponent is a European private equity firm investing in established high-quality family and founder led or corporate-owned businesses. From our headquarters in London and Dublin, we partner with management teams and ensure they have the resources, support and network they need to build the businesses that match their ambitions.

Our investment philosophy

A distinct approach:

We bring fresh perspectives to management teams, and together we uncover previously untapped growth levers and opportunities.

Support from day one:  
Applying deep sub-sector
knowledge and specialist
cross-sector expertise we
invest early in our ownership
period to substantially improve
operational capabilities to create
more valuable businesses.

Learn about our investment philosophy
Learn about our investment philosophy

Our people

Decorative

“As a partnership, we focus on 
building a team of thoughtful 
professionals - people who take 
on meaningful responsibility 
early and develop strong 
judgment over time, within a 
culture of trust, collaboration, 
and long-term development.”

— Richard Lenane, Managing Partner

Meet our experts

Our Portfolio

We invest in 4 key regions.

  • UK
  • Ireland
  • Benelux
  • Nordics
Explore our portfolio
Our Portfolio

5

funds since inception

2004

founded in

€150-500m

target enterprise value of business at investment

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Latest views from Exponent

Latest views from Exponent
We are pleased to share Exponent's eighth Sustainability Report 2025. The report sets out our approach to responsible investment and the progress made across our portfolio this year, alongside our priorities for 2026. Sustainability remains embedded throughout our investment process, reflecting our continued commitment to supporting our portfolio companies in building more resilient, well-governed businesses for the long term. The full report can be read here: https://lnkd.in/erxSViRt {hashtag|\#|Sustainability} {hashtag|\#|ResponsibleInvestment} {hashtag|\#|PrivateEquity} Read more
We’re pleased to announce our investment in KTL, an Ireland-based provider of critical infrastructure services to the telecommunications and power sectors across Ireland and the UK. Headquartered in Naas, Co. Kildare, KTL delivers end-to-end services for customers such as BT/EE, Vodafone, Cornerstone, ESB Networks and UKPN, via more than 500 employees across Ireland and the UK.   The transaction is a further demonstration of Exponent’s commitment to partnering with high-quality Irish businesses and follows our announced investment in OFS and renewed partnership with H&MV. This investment underscores our focus on the infrastructure services and industrial services subsectors.   Exponent is partnering with CEO Alan Hanamy and his team to support KTL's growth. Our plan is centred on strengthening the business’s technical capabilities as well as investing in recruitment and workforce capacity as it addresses rising demand across Ireland and the UK. Growth in data consumption, the rapid adoption of AI, increased penetration of renewable power and the accelerating electrification of the economy require greater capacity and resilience, which KTL helps provide across sectors.   Commenting on the investment, Anthony Clegg, Partner at Exponent, said: "KTL is a fantastic business with a strong heritage across the mobile telecoms and power distribution markets, a deeply skilled workforce and a highly technical engineering offering. It is well placed to support its customers' critical infrastructure networks, which are facing into unprecedented demand."   John Moore, Operating Partner at Exponent, said:  “We see significant potential to drive growth across KTL’s core markets by investing in the talent, resources and technology that will further strengthen its leading offering to customers and help effectively scale the business. Our investment in KTL once again underscores Exponent’s commitment to partnering with high-quality Irish businesses.”   We are delighted to welcome Alan and the wider KTL team to Exponent and look forward to working with them in the years ahead.   Read more here: https://lnkd.in/eRjFCuG4 Read more
We’re delighted to announce our investment in OFS, an Ireland-headquartered provider of specialist technical services for the global power industry.   Headquartered in Naas, Co. Kildare, with offices in Houston, Texas, OFS deploys a global team of engineers and technicians who install, commission, maintain and operate industrial and aeroderivative gas turbines and related generation assets and equipment. Today, the business supports customers in more than 40 countries around the world.    Exponent is partnering with founders Eric Kavanagh and Joseph Dunne with a plan to strengthen the business's commercial capabilities, investing in its people and service offering, and capturing growing international demand from power generation, energy and data centre customers.    The investment in OFS serves as another example of Exponent's longstanding focus on differentiated, market-leading businesses in the infrastructure and industrial services sector and underscores Exponent's commitment to investing in the Irish market.    Commenting on the investment, Shane Farragher, Partner at Exponent, said: "We are delighted to partner with OFS, a specialist engineering business with deep OEM relationships, an exceptional technical workforce, and a reputation for reliable delivery in mission-critical environments."   David McGovern, Partner at Exponent, said: "OFS is another great example of the fact that Ireland continues to produce world-class businesses in this broad sector with the expertise and ambition to succeed internationally. We are committed to investing in Irish businesses of this calibre and promise, and we are delighted to partner with OFS as it continues to grow globally."   OFS co-founders Eric Kavanagh and Joseph Dunne, said: “We are proud to have built OFS into a trusted partner to customers around the world by focusing on our core values - a shared commtiment to excellence, integrity, and a collaborative spirit. In Expnent, we are delighted to have found a partner who shares our long-term perspective, understood the importance of culture and recognised the opportunities ahead.”   We look forward to working with the OFS team and are thrilled to welcome them to the Exponent portfolio.    Read more here: https://lnkd.in/ePVbbmeu Read more
Today, we are delighted to announce the successful closing of an approx. €750 million single asset continuation vehicle to extend our partnership with Ireland headquartered H&MV Engineering, the leading global provider of specialist high-voltage electrical engineering services for data centres, battery energy storage systems, utilities and renewables. The transaction values H&MV at €1.4 billion.   The oversubscribed continuation vehicle is backed by a high-quality consortium of existing and new institutional investors, led by Apollo S3, Pantheon and SQ Capital.   Since Exponent’s investment in 2022, H&MV has transformed into a global business generating more than €1 billion of revenue, underpinned by investment in capability to enable the business to scale, expand into new markets and deepen relationships with existing and new blue-chip multinational customers.   Our extended partnership, supported by new capital, will accelerate H&MV’s growth strategy to drive continued international expansion as well as ongoing investment in engineering capabilities, strategic acquisitions and talent across its global operations.   Commenting on the renewed partnership, Tim Easingwood, Partner at Exponent, said: “H&MV is exactly the kind of ambitious, entrepreneur-led business that Exponent is proud to partner with. This continuation vehicle is a significant milestone for both H&MV and Exponent, and reflects the quality of the business, its exceptional management team and the important role it plays in supporting critical infrastructure globally.”   We are excited by the opportunity ahead and to continue building on our great partnership with PJ Flanagan and the H&MV team.   Read more on Exponent’s website here: https://lnkd.in/eQ9iPzPb Read more
We recently welcomed our investors and portfolio companies to London for our 2026 Annual Investor Meeting. This was a great opportunity to showcase the Exponent strategy of investing in established family, founder and corporate owned businesses as well as the opportunities we see across our target sectors and geographies. We heard from Exponent partners, senior advisors and portfolio company leaders about how we continue to strengthen our teams and capabilities to drive performance, and the importance of culture to success. Thank you to our investors and portfolio company leaders for joining us and contributing to a valuable day of discussion and shared perspectives. Read more
We’re pleased to announce that Exponent portfolio company Ethos Engineering, a leader in sustainable data centre design services, has acquired Hanley Pepper Consulting Engineers, an Ireland-based specialist consultancy in civil and structural engineering. This marks Ethos’ fourth acquisition since Exponent’s investment two years ago. Hanley Pepper brings 39 years of expertise supporting the delivery of data centres and critical infrastructure, complementing Ethos’ capabilities and further enhancing the breadth and depth of its offering to clients. The acquisition, alongside its recent brand launch, reflects Ethos’ continued growth, with the business now employing more than 400 people across 21 countries in EMEA. Congratulations to both teams. Read more