We are delighted to report that our exit from Vista Retail has been shortlisted in the 'UK Small Deal of the Year' category by Real Deals.
This highly competitive category covers deals with an enterprise value at acquisition of less than £25m.
WestBridge acquired Vista Retail in May 2014 for £12.3m and sold it to LDC in October 2017 for £29.4 million in a deal that attracted much media attention.
We worked closely with the Vista executive team to help grow the business and succeeded in significantly increasing revenues and profitability, delivering a 4x multiple return for our investors and an IRR of 60%.
During our three-year tenure, the company also picked up a number of awards, including BVCA Management Team of the Year and Insider Deal of the Year.
The winners will be revealed at an awards dinner at the London Hilton in April. Wish us luck!
In closing …
Following the recent first close of our new investment fund, WestBridge II, we are growing our team and will soon be announcing a number of new hires.
We remain keen to hear from ambitious management teams that require support for management buyouts or acquisition funding.
As a reminder, WestBridge invests in growing, profitable, UK-based companies with an EBITDA of £2m or more and that have strong niche positions in their sector. Typically, we invest between £5m and £15m.
Do get in touch for a preliminary discussion.