PRIVATE equity firm WestBridge has promoted Tim Whittard to partner.
Whittard joined the firm as Investment Director from BGF plc in September 2017. Since then, he has been responsible for the AJ Mobility investment in 2018 and the Aptus Utilities transaction in December 2019.
He also joins the firm’s investment committee.
Founding partner Guy Davies said:
“Tim joined WestBridge as we were approaching the first close of WestBridge II. Since his arrival, he has confirmed his strong origination skills and investment judgment. He is making a significant contribution to the DNA of our business and is a welcome addition to the partner group as we continue to develop over the next decade.”
Whittard added:
“Working with the team at WestBridge over the past two years has been extremely exciting, enjoyable and rewarding. As well as closing our second fund 40% ahead of target, we’ve made four investments; successfully exited two Fund I portfolio companies; expanded our team; and opened a new office in Manchester.
“I am delighted to have been made a partner in this dynamic, successful business and am very much looking forward to the future.”
WestBridge has three offices in London, Manchester and Cardiff and typically invests between £10m-£20m in established and profitable UK SMEs. Having closed its second fund in March 2019, it has £140m to invest in fast-growing businesses making EBITDA of £2m - £4m.