Cairngorm Capital, a London, UK-based private equity firm, closed its first fund at £50m.
Cairngorm Capital I will invest in businesses within cash generative niches in industrial and business-to-business markets in the UK lower mid-market. It will invest equity cheques of £10m – £15m within its chosen sectors, and will consider investments in manufacturers, distributors and service companies.
The firm’s staff will actively support management teams in driving revenue growth, enhancing margins, improving cash-flow and consolidating industry leadership positions.
Cairngorm Capital was founded by Andrew Steel, a member of the London team for H.I.G. Capital from 2007 to 2013.
Acanthus, as exclusive placement agent, has advised Cairngorm Capital on the fundraising.