What we do
Equity products
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
Pan-European Venture Capital Fund(s)-of-Funds programme
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
Debt products
AGRI Guarantee Facility
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
EREM debt products
Single EU Debt Financial Instrument
COSME - Loan Guarantee Facility
InnovFin SME Guarantee Facility
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Baltic Innovation Fund (BIF)
Competitiveness Fund-of-Funds for SMEs in Romania
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Venture Initiative (DVI-II)
European Recovery Programme (ERP)
ERP-EIF Co-Investment Growth Facility
ESIF Fund-of-Funds Czech Republic
ESIF Fund-of-Funds Greece
The Silesia EIF Fund of Funds
EstFund
FOSTER TPE-PME Occitanie
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
JEREMIE
LfA-EIF Facility
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Scottish-European Growth Co-Investment Programme
The EIB Group Risk Enhancement Mandate (EREM)
Western Balkans Enterprise Development & Innovation Facility II (WB EDIF II)

EIF supports WestBridge II to provide additional financing for SMEs in the UK

  •  
    Date: 12 May 2017

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.

About the European Investment Fund

The European Investment Fund's (EIF) is part of the European Investment Bank group. Its central mission is to support Europe's micro, small and medium-sized businesses by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth and employment.

About WestBridge Capital

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. It has an enviable reputation for providing strategic and operational support to its investee companies. The four founding partners have over 100 years’ experience in the private equity market and proven track records of successful lower mid-market investment.

http://www.westbridgecapital.co.uk/

Press contacts:

EIF: David Yormesor
Tel.: +352 42 66 88 346, e-mail: d.yormesor@eif.org

WestBridge: Ruth Shearn
Tel.: +44 7881 772960, e-mail: ruth.shearn@thisisrms.co.uk


 
 

Copyright ©

 European Investment Fund 2016 – The European Investment Fund is not responsible for the content of external internet sites.