Lewis Silkin has advised leading listed private equity and real asset manager Foresight Group on its significant investment into Advantiv Limited, an innovative industrial services provider.
This was an investment made by Foresight through the Investment
Fund for Wales, operated by the British Business Bank. The
transaction represented a significant milestone for the IFW fund as
its maiden buyout transaction as well as its largest investment to
date.
Lewis Silkin is delighted to have partnered with Foresight on this key investment which demonstrates a further positive signal for the region's growth and strategic private equity investment into the professional services sector.
"This record £3.5m investment by Foresight through the Investment Fund for Wales is a fantastic way to mark the fund's success as we move into its third year. It highlights how the IFW is backing ambitious Welsh businesses to grow, innovate and compete on a larger stage," said Bethan Bannister, senior investment manager at the British Business Bank.
"Over the past two years, the fund has gone from strength to strength. We are incredibly proud to see how the Investment Fund for Wales is helping to nurture home-grown talent, attract private investment and drive sustainable economic growth throughout the country.
The Lewis Silkin team was led by Corporate Partner Geraint Tilsley and Senior Associate James Bowen who worked alongside Legal Director Leah Glover and Associate Gabriella Jack; Tax Senior Associate Emma McGrory; Digital Commerce and Creative Senior Associate David Cakebread; Real Estate Senior Associate Aimee White and Associate Bremner Fountain-White.