WestBridge III

WestBridge III, a private equity fund specializing in lower-mid market tech firms, has successfully secured a £34 million commitment from the British Business Bank, enabling it to continue investing in high-growth companies across the UK.

Summary of transaction details:

• Value: £34,000,000
• Sector: Private Equity / Technology Investment Fund
• Advisor: None mentioned
• Key Entities: WestBridge III (Target), British Business Bank (Investor)
• Location: UK (with offices in London, Manchester, Cardiff)

Note: This commitment from the British Business Bank underscores a strategic objective to support regional economic development by providing capital to funds like WestBridge III, which are dedicated to backing promising businesses outside of London and the South East, fostering national economic potential and addressing regional imbalances.