Posted: 10 September 2019

WestBridge shortlisted for Unquote British Private Equity Awards

WestBridge shortlisted for Unquote British Private Equity Awards

We are delighted and excited to announce that WestBridge has been shortlisted in the Small Buyout House of the Year category of the Unquote British Private Equity Awards.

We are delighted and excited to announce that WestBridge has been shortlisted in the Small Buyout House of the Year category of the Unquote British Private Equity Awards.

The finalists are now put to a public vote, which the panel of judges will take into account when making their final decision.  We would greatly appreciate your support with a vote using the link below.  Our award submission highlights that:

  • The past year has been a defining one for WestBridge, firmly establishing us as a mainstream PE investor in the lower mid-market.
  • Having successfully invested WestBridge I, we set out to raise our second fund with a target of £100m.
  • In May 2019, we announced a final close of WestBridge II at £140m of committed funds and associated co-investment capacity – 40% above target.
  • WestBridge II received support from existing and new blue chip institutional investors from the UK and Europe, despite a difficult fundraising environment influenced Brexit.
  • We simultaneously grew our team and have recruited four high calibre individuals: Tim Whittard, Edward Minton, James Macleay and Peter Barkley.
  • In addition, we also completed three transactions all of which are performing ahead of or on plan (details below).
    Finally, we opened our third office – at Spinningfields, in the heart of Manchester.

WestBridge has undergone a significant transformation during the year. We have significantly outperformed our fundraising target and doubled our team, whilst deploying a sizeable amount of capital in three high quality growth businesses.

We do hope you can support our claim to this award. All you have to do is click on this link. Please note, the vote closes on Friday 13th September.

Transactions completed during the qualifying period

AJM Healthcare

We backed the £14 million management buyout of AJM in September 2018. Our investment saw us take a 65% equity stake in the business which provides mobility solutions to the NHS.

Wilcomatic

In March 2019, we completed the £14 million management buyout of Wilcomatic, the UK’s leading provider of automated vehicle and rail wash systems.

APEM

Also in March 2019, we completed the £15 million management buyout of APEM, Europe’s leading independent environmental consultancy specialising in the aquatic environment.

 

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