Peter Foxwood
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Hey Peter — congrats on launching Splitstone. came from a similar-ish path (IB → growth equity) and been thinking a lot about carveout origination lately. would be good to connect.
Hey Peter, similar PE background — though I was in London doing growth equity at Treis not building a carveout platform like you. origination was always the same story for me — clear thesis, decent relationships, but no proprietary system of record tying anything together. every deal virtually sourced from scratch, nothing compounding over time. curious if that's still how most funds operate or if I'm behind the times? — Russ
Hey Peter, looks like we share a similar PE background, though I was in London doing growth equity deals at Treis not running complex carveouts like you're doing at Splitstone. the pattern I keep seeing with most funds is weirdly consistent — strong thesis, solid network, but no proprietary system of record. the people, tools and ideas are never really connected, so every deal is virtually sourced from scratch. nothing compounds on itself. curious if that resonates or if you've already built something different given you're still early at Splitstone? — Russ
hey Peter — no worries if the timing's off. most funds I talk to have tried some version of building origination in-house — analyst pulling from Pitchbook or Grata, maybe using ChatGPT to help qualify, dumping it into a spreadsheet. each piece kind of works, but there's no system of record tying it together. the people, tools and ideas are all disconnected, so there's tonnes of wasted energy and everything ends up out of sync. been helping a fund like Mentmore work through that. curious if you've hit the same thing at Splitstone? — Russ
totally get it if origination infrastructure isn't top of mind right now — first deal done, pipeline building, plenty on the list ahead of it. the funds I've seen crack it early just tend to compound deal flow in a way that's hard to replicate later. if it ever moves up the list, I'm easy to find. — Russ
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Prospect Research
## PROSPECT INFORMATION: Name: Peter Foxwood Title: Managing Partner Fund: Splitstone Capital Background: Peter Foxwood is the Managing Partner and Founder of Splitstone Capital (established late 2024), a private equity firm backed by £100m of committed capital via Steve Clark’s Omni Group of Companies. He is a specialist in complex corporate carve-outs, focusing on industrials and business services in the UK and Ireland for companies with £20m–£500m turnover. Background: He has nearly 20 years of experience in the private equity sector. Before founding Splitstone, he was the UK Managing Director at Aurelius Group (2018–2024), where he completed 9 carve-out transactions. He also served as Investment Director at Next Wave Partners (2008–2017) and began his career as a strategy consultant at PwC and a management consultant at Accenture. He holds a BSc in Management Science from Warwick Business School. Current Focus: He is actively seeking "complex, unloved, or a bit tricky" carve-out situations, specifically targeting non-core divisions of larger corporates. In late 2025, Splitstone completed its first deal, acquiring Ecobat Resources UK Ltd (now rebranded as HJ Enthoven and British Lead), a multi-site heavy industry and lead recycling business with 400 employees and approximately £190m turnover. Key Skills: Corporate Carve-outs, Private Equity, Special Situations, Industrials, Business Services, Operational Transformation, and M&A Strategy. Social Media Activity and Quotes: March 11, 2026: Discussed the "Year of the Carve-out," noting that KPMG predicts divestitures will dominate M&A. Quote: "At Splitstone, we're seeing absolutely no sign of the dealflow slowing down... Complex, unloved, or a bit tricky? Even better — that's exactly what we're set up to do." February 18, 2026: Shared a creative analogy comparing M&A deals to steak. Quote: "A beef Wellington is a lot like a carve-out: It takes lots of preparation... You check the temperature carefully (due diligence)... And when you get it right, the rewards are outstanding." February 11, 2026: Commented on his transition from corporate life to entrepreneurship. Quote: "Since leaving corporate employment, I’m enjoying adding a bit of personality to my business dress (and yes, living in jeans)." January 28, 2026: Reflected on his personal journey from 2016, mentioning his IVF journey and career at Next Wave Partners. Quote: "Privately, we were nearly three years into our IVF journey. Still hopeful. With no idea it would take another 3+ years to start our family." January 19, 2026: Welcomed Gavin Duke to the team. Quote: "Gavin is one of those people you want on speed dial when things get complicated... He’s spent the last 20+ years inside private equity-backed businesses actually making change happen." December 1, 2025: Announced the completion of Splitstone’s first deal. Quote: "A complex carve-out: multi-site heavy industry, a regulated recycling process, a defined benefit pension scheme… all in the mix. Exactly the type of situation Splitstone Capital was built for." September 30, 2025: Shared observations on the costs of carve-outs vs. birthdays. Quote: "Always more expensive than you first modelled... There are usually some hidden liabilities ('the hangover')." September 8, 2025: Used a gardening metaphor for deal-making. Quote: "Building a deal pipeline is a lot like growing grapes... Some deals mature quickly, others need years before they’re ready to harvest." February 11, 2025: Announced he changed his surname from Wood to Foxwood. Quote: "This wasn’t a solo decision—my wife, our powerful daughters, and I have all chosen to take on the new name, blending my wife’s surname with my own." January 21, 2025: Shared his passion for cold water exposure. Quote: "Preparation... staying calm under pressure, smiling in icy water... these are essential both in ice baths and in deals." Personal Interests: Cold water exposure/plunge pools, skiing and snowboarding, hiking, and spending time with his family in Richmond. Born in Manchester. Mentions being allergic to horses and preferring mint tea over coffee. Outspoken about the "cringe-factor" of LinkedIn and determined to be a contributor on the platform. Fund details: - Description: Splitstone is a London-based private equity firm committed to unlocking the potential of non-core divisions through corporate carveout acquisitions. With £100 million of capital available to invest, we specialise in acquiring UK and Ireland-headquartered opportunities in the industrial and business services sectors. Our team has a history of delivering creative solutions to ensure a smooth ownership transaction for all stakeholders, no matter what the complexity, needs or challenges of our partners. Our strategic partnership with Omni Advisory Limited, a London-based multi-asset manager with over 20 years' experience, provides us with the committed capital and resources required to deliver complex transactions. - Website: https://www.splitstonecapital.co.uk/ - Location: London, England, United Kingdom - Lead qualification: Research: - Query: =Splitstone Capital Peter Foxwood recent investments fund thesis - Answer: Peter Foxwood leads Splitstone Capital, focusing on corporate carve-outs in industrials and business services, with investments up to £500m turnover. Splitstone Capital specializes in unlocking potential through strategic acquisitions. Foxwood's expertise spans over a decade in private equity.