The European Investment Fund has signed a commitment of GBP£20m into WestBridge II, a lower mid-market fund focusing on investments in the United Kingdom.
The investment from EIF, which has supported WestBridge since inception in 2009, acting already as a cornerstone investor in its first fund, will enable WestBridge II to increase its funding for UK SMEs, providing growth and expansion capital to businesses.
Via offices in London and Cardiff, WestBridge II will continue the investment strategy implemented by the predecessor fund, backing SMEs and small mid-caps across the UK regions with the potential to grow rapidly and dominate their niche or exploit new opportunities that will lead to growth.
WestBridge Capital typically invests in profitable, fast growing UK SMEs with enterprise values of GBP £10m to GBP £20m, many of which are technology enabled.
The WestBridge SME Fund includes investee companies operating in aerospace; electronics; B2B business services; medical technology; business critical software; and HR systems.
FinSMEs
13/05/2017