Last year we supported a secondary buyout at Vista Retail Support. Just eighteen months on, the company which supports technology equipment in the retail, leisure and hospitality sectors, has delivered record revenue of over £15 million.
Growth has been fuelled by new customer wins in Europe, expansion into new sectors and growth from existing clients such as B&M Retail, Pets at Home and Costa Coffee. In fact, Vista is responsible for maintaining the retail technology of 50 per cent of the UK’s leading coffee shops.
Sandy Smart, partner and chief investment officer at WestBridge Capital, said:
“We are pleased with the way Vista has performed since our investment. Strong client retention and a robust approach to new business development have helped the company deliver strong results. Added to which, the management has invested in its own operating systems, which has boosted the company’s efficiency.
“One of the reasons we backed the MBO last year was because of the ambition of the management team. Key strategies for growth that we had collectively identified have been effectively implemented and there remain other excellent opportunities for further growth.”