Cabot Square Capital sees 6x return with Premier Modular partial exit

Premier Modular Group is a provider of modular buildings.

  • Cabot Square has made a 6x return on its investment, accounting for its retained stake
  • Cabot Square and MML Capital will take an equal co-ownership stake of Premier Modular Group
  • MML is an international mid-market private equity firm based in London

Cabot Square Capital has announced the partial sale of Premier Modular Group, a provider of modular buildings, to MML Capital.

Premier Modular Group is based in East Yorkshire, England. It makes buildings that can be moved or reused in new locations for lease or sale.

Cabot Square has made a 6x return on its investment, accounting for its retained stake.

Cabot Square and MML will take an equal co-ownership stake of Premier Modular Group, with the remaining held by the company’s management team.

Cabot Square acquired Premier Modular in February 2021. The firm merged Premier Modular with its existing investment in Net Zero Buildings to create the Premier Modular Group.

“The company has successfully entered several new markets, including the continental European market, which is likely to help sustain Premier Modular’s growth trajectory,” said James Page, investment director at Cabot Square Capital. “The company’s growth will also be supported by the focus on sustainability given the many environmental benefits modular buildings provide.”

MML Capital has invested in Premier Modular via MML Infrastructure. Premier Modular is MML’s second value-added infrastructure strategy investment, according to a release.

Cabot Square is a provider of growth capital for small and mid-sized companies in the UK and Western Europe. The firm is based in London.

MML is an international mid-market private equity firm based in London.

Macquarie Capital acted as financial adviser to Cabot Square on the transaction. MML Capital Partners were advised by Stephens.