Seneca has successfully delivered its first transaction since establishing a dedicated private equity team, an investment into a leading textiles business based in Lancashire.
The transaction enabled shareholders to realise some of the value they have built up in the business and will see Seneca provide board level support to help deliver the Company’s ambitious business plan.
The investment comes just months after the launch of Seneca Private Equity and is testament to both the appetite of SMEs for investment and the high quality opportunities we see, that have typically been considered too small to attract interest from mid-market investors.
“We’re pleased to deliver an investment so soon after establishing our new private equity proposition. After an initial meeting with management, it was evident the business was extremely well run and had established a great position in the marketplace. We worked constructively on an exciting business plan and look forward to being part of the journey as the business continues to flourish.” said Andrew Stubbs, Investment Director.
Seneca Private Equity invests up to £5 million per transaction to support; Management Buy-Outs / Buy-Ins (MBO/MBI), Retirement Sales, Partial Exits, Corporate Acquisitions and Growth Capital.
We take a flexible approach to every opportunity we see and look to position ourselves as true partners of the management teams we invest in. The breadth of experience within the Seneca team means, in addition to funding, we can provide meaningful ongoing support and expertise to our investee companies, whilst always retaining a clear focus on generating value for all stakeholders.