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 EIF investment into the fund will enable WestBridge II to increase its funding for UK SMEs, providing growth and expansion capital to businesses. The EIF’s participation is expected to attract other investors, enabling WestBridge II to invest into growing companies in the UK.
EIF’s commitment in WestBridge’s second fund supports the institution’s approach as a long-term backer of fund managers across the European Union. EIF has supported WestBridge since inception in 2009, acting already as a cornerstone investor in its first fund.
Via their offices in London and Cardiff, the team has developed long-term strategic relationships with local M&A boutiques and entrepreneurs across the south of England, the Thames Valley and Wales. Due to their demonstrated hands-on approach based on extensive experience, the team is the preferred partner for many founders and executives in these regions. The team has proven experience in growing SMEs by implementing a strategy of growth, professionalisation and improved corporate governance.
WestBridge II is expected to continue the investment strategy successfully 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. With a regional office in Cardiff and an investment strategy based on regional development, WestBridge II should benefit across the UK.