TFP Fertility Group, backed by Amulet Capital Partners, has acquired Manchester Fertility Group

Manchester Fertility Group

Founded in 1986, Manchester Fertility Group is an established UK provider of fertility treatment. The group operates a purpose-built fertility clinic and laboratory in Cheadle, Greater Manchester, and has developed a strong reputation for high-quality, patient-centered fertility care.

The group comprises five complementary brands: Manchester Fertility, Essential Fertility, Semovo, Egg Donors UK and BuySperm. Together, these businesses provide a broad range of fertility treatments and services to patients and partner clinics across the UK.

The Deal

TFP Fertility Group (TFP), a leading fertility care provider in the UK and Poland backed by Amulet Capital Partners (Amulet), has acquired Manchester Fertility Group. The acquisition expands TFP’s UK operations and presence in northwest England, bringing together two established fertility providers with complementary clinical capabilities.

The acquisition represents an important addition to TFP’s platform, broadening its treatment offering and geographic reach while providing further opportunities to expand access to high-quality fertility care nationwide. The transaction marks the next step in Amulet’s strategy to support TFP’s continued growth.

Lincoln International acted as exclusive financial adviser to Amulet and TFP in connection with the transaction, drawing on its deep knowledge of the fertility sector and established industry relationships. Lincoln was well-positioned to support Amulet’s continued investment in TFP, providing strategic advice and execution support throughout the process.

Our Perspective

Matthew Lee, Managing Director and Co-Head of Lincoln International’s Healthcare Group in Europe, commented, “Manchester Fertility is a highly respected business with a strong clinical reputation and complementary capabilities that make it a natural fit for TFP. This acquisition is an important step in the group’s continued development, strengthening its position in the UK and creating further opportunities for growth. We are delighted to have supported Amulet and TFP on another significant milestone in their journey.”

TFP Fertility Group

TFP Fertility Group is a leading provider of fertility and reproductive health services, operating clinics across the UK and Poland. With more than 35 years of clinical heritage, TFP is known for its personalized patient care, strong clinical outcomes, and continued investment in research, innovation and quality.

Amulet Capital

Amulet Capital Partners is a middle market private equity investment firm based in Greenwich, Connecticut, and Walnut Creek, California, focused exclusively on the healthcare sector. Amulet seeks to achieve long-term capital appreciation through privately negotiated investments in healthcare companies, focusing on those segments it believes have the most attractive long-term fundamentals. Amulet currently manages approximately $3.8 billion in assets and is investing out of its third fund, which was oversubscribed and closed in July 2024 with approximately $1.2 billion in capital commitments.

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