We are delighted to welcome Tim Whittard as Investment Director, as we gear up for growth.
Tim began his career at PwC, where he qualified as a Chartered Accountant, before moving to Bridgepoint, Gresham LLP and Sovereign Capital. He has joined us from BGF plc, where he’s been based in the Midlands for the last five years.
He will work closely with the existing team to originate and execute new investments and nurture portfolio companies through to exit. We’re confident that his strong contacts and regional knowledge will also help us expand the WestBridge footprint beyond the South West, South East and Wales into the Midlands region.
Commenting on his move, Whittard said:
“I have been aware of WestBridge for some time. The partners are all experienced investors, who’ve demonstrated quality investment judgement and realised some excellent returns from their first Fund. I have been impressed with the way they select investee companies and drive value growth by helping those companies develop. It’s a particularly exciting time to join WestBridge. With VCTs leaving the market, limited bank debt and over 15,000 UK companies that fit our investment criteria, the future is full of opportunity.”
We are proud of the strong reputation we have established for providing high levels of strategic and operational support to portfolio companies. Typically, we invest between £5 million to £10 million in established UK-based B2B companies, with enterprise values of between £10 million to £20 million and a minimum £2 million EBITDA at entry. Companies must demonstrate a potential to grow and have a strong position in their niche.
Founding partner Valerie Kendall said:
“Tim is a most welcome addition to our team. His extensive experience, energy and proven commercial judgement will help take WestBridge forward. Since March 2012, WestBridge has led equity investments totalling circa £45 million, with a combined enterprise value of over £80 million, in eight companies. We have also completed two exits, which have delivered an overall 4.3x gross multiple on invested capital.
“We are now planning the next phase of our development which is another reason Tim’s appointment is so timely.”