Capital Law has acted for WestBridge Capital on its latest transaction, the £10,5m secondary buy out of ISG Technology.
ISG designs, installs and manages mission critical networking infrastructure solutions for blue chip organisations across the UK. The company is a recognised expert in large scale Wi-Fi installations which are the backbone of their clients’ internal systems and are pivotal to generating operational efficiencies and profit improvement among its customer base.
ISG had a turnover of £18.5m in the last financial year, is growing rapidly and employs 173 people across the UK and in Sofia, Bulgaria. This investment will allow ISG Technology to accelerate its growth and WestBridge Capital partners, Sandy Smart and Valerie Kendall, will join the board of the company as non-executive directors.
WestBridge Capital, which led and financed the investment, was formed in 2008 to invest in profitable, fast-growing UK SMEs. It has an excellent reputation for providing support and advice to the companies it invests in.
Sandy Smart, CIO of WestBridge said:
“Capital understands our business, objectives and documentation. The effort its team puts in to completing a complex set of documents was, as usual, much appreciated. Their efficiency and focus contributed considerably to this complex transaction completing in a timely manner. But WestBridge doesn’t just rely on Capital for legal advice: over the years we have also come to value their broader commercial input as well. The WestBridge team greatly values their support in its private equity investment business.”