Posts Tagged ‘scottish equity partners’

SEP announces close of new technology-focused fund

Monday, November 7th, 2016

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Scottish Equity Partners (SEP), the venture capital firm behind some of the UK’s most exciting high growth technology companies, today announces that it has raised £260 million for its latest limited partnership fund, SEP V.

The new fund, which was above target and over-subscribed, will be invested in high growth companies based mainly in the UK, although investments in companies in other European countries will also be targeted.
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Sportpursuit.com receives further funding from Scottish Equity Partners to accelerate international expansion

Monday, November 23rd, 2015

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SportPursuit.com, the flash sales website for premium outdoor and sports gear, today announces a Series C investment round of £9.5m from Scottish Equity Partners (SEP), Grafton Capital and Draper Esprit.

Established in 2011, London based SportPursuit runs week long deals from over 1,000 of the world’s leading outdoor and sports brands including Berghaus, Marmot, Arc’teryx, Under Armour, Garmin, and GoPro, offering discounts of 40-70% off RRP. The deals are exclusive to SportPursuit and prices are guaranteed to be the best in the market.

SportPursuit operates in the market for the clearance of high-end sports apparel which is estimated at over £10 billion per annum across Europe. By delivering a broad range of quality brands online, with high customer satisfaction and strong repeat business, SportPursuit is well placed to take a substantial share of this significant opportunity.
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First Hamsin wind turbines go Live on Orkney as developers seek new sites

Wednesday, November 4th, 2015

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The first phase of Orkney’s new fully funded community wind turbine scheme will go live on the islands this month, with farmers and landowners at 20 properties set to benefit from deeply discounted electricity for at least two decades.

Hamsin Wind (Hamsin) is aiming to install over 60 single onshore wind turbines at residential and commercial sites across Orkney by the end of 2015 and is actively seeking applications from interested parties. Hosts do not have to pay any money towards the turbine, its installation or future maintenance. Planning and capital costs are entirely covered by Hamsin.
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Scottish Equity Partners completes investment in Hamsin Wind

Wednesday, September 9th, 2015

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Scottish Equity Partners (SEP) has completed its first clean energy infrastructure investment from the Environmental Capital Fund. SEP will invest up to £9 million in Hamsin Wind (Hamsin) to fund the roll-out of approximately 200 small, community based, single onshore wind turbines in high wind speed locations across the Highlands and Islands.

Working with development partners, Mistral Energy and ABG, Hamsin has engaged Kingspan Wind as the turbine supply partner, with Hadrian Electrical Engineering the installation and long-term operations and maintenance partner. Many of the Kingspan turbines are manufactured in Scotland and local contractors will be utilised on Hamsin turbine installations.
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Scottish Equity Partners expand infrastructure team

Monday, July 27th, 2015

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Scottish Equity Partners (SEP) has further expanded its infrastructure team with the appointment of Romain Keyen as Associate and Adam Delaney as Director of Finance.

Romain Keyen is based in SEP’s London office and will focus on originating and executing new energy infrastructure investments. He previously worked with BNP Paribas Clean Energy and Glennmont Partners where he was responsible for the acquisition of clean energy assets across Europe.
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Funding boost for language app: Babbel raises $22 million

Friday, July 10th, 2015

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Global online language learning market leader completes Series C round and secures SEP as new investor

July 8th 2015, New York/Berlin – Babbel, the leading app for language learning, today announces the successful completion of $22 million investment round to drive further growth. The round is led by Scottish Equity Partners (SEP) and supported by existing investors Reed Elsevier Ventures, Nokia Growth Partners (NGP), and VC Fonds Technology Berlin managed by IBB Bet.

The investment will add momentum to the company’s impressive growth, while ensuring the continuation of its cutting-edge product development. Babbel has been profitable since 2011, with its mobile app now seeing up to 120,000 downloads per day. As the highest grossing language-learning app in both the iOS App Store and Google Play Store, Babbel operates a subscription-based business model with a clear focus on consumers outside the realm of formal education. With its recently released app for Apple Watch, the company presents a strong vision for the future of language learning.

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Abcodia secures funding of £5.25 million ($8m) to launch the ROCA® test for the early detection of ovarian cancer

Monday, May 18th, 2015

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• Two new investors, Cambridge Innovative Capital and Scottish Equity Partners join existing investors Albion Ventures and UCLB

• The investment enables the launch of the ROCA® test in US and UK in 2015, as well as the establishment of a US presence

Abcodia today announced that it has raised £5.25 million funding from existing and new investors to bring the world’s most sensitive and specific ovarian cancer screening test, ROCA® to market.

The financing was co-led by Cambridge Innovation Capital (CIC) and Scottish Equity Partners (SEP), who join existing investors Albion Ventures and UCL Business. Dr Robert Tansley, from CIC and Jan Rutherford, from SEP have been appointed to Abcodia’s Board.

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SEP Announces Promotions

Monday, February 9th, 2015

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Scottish Equity Partners (SEP) has announced three promotions in its investment team.

Gordon Beveridge and Tony Robison will both take up the role of Director. Angus Conroy has been promoted to Senior Analyst.
Gordon Beveridge, based in SEP’s London office, is one of SEP’s most experienced investment executives, and has a particular focus on IT software and services businesses.

Tony Robison plays a key role in SEP’s energy investments. He has over 20 years commercial and financial experience, having held senior management and board positions in a number of high growth, technology companies.
Angus Conroy has been with SEP for the last 3 years and his promotion reflects his increasing responsibilities within deal execution and support.

Calum Paterson, Managing Partner of SEP, said: “Our people, culture and values are integral to the excellent partnerships that we form with the entrepreneurs and management teams in the companies we invest in. I am delighted to announce these promotions, which underline the strength and depth of our investment team.”

SEP Launches Infrastructure Fund

Monday, September 1st, 2014

£135 million raised to invest in UK energy projects
GLASGOW (UK), 1 September 2014 – Scottish Equity Partners (SEP) announces that it has raised £135 million for a new infrastructure fund to invest in UK-based clean energy projects.
The Environmental Capital Fund (ECF) has been backed by SSE plc, the FTSE 100 energy company, as well as a syndicate of financial investors led by Lexington Partners, the world’s largest independent manager of secondary private equity and co-investment funds.
The fund has been anchored with the acquisition of an existing SSE infrastructure business (SSE Pipelines), which provides low pressure gas connections for residential and commercial customers across the UK.
SEP will use the balance of the fund to invest in a diversified portfolio of new, UK-based, clean energy infrastructure projects – such as hydro power, energy efficiency, heat pumps and district heating schemes.
The UK clean energy infrastructure market is growing rapidly, with a substantial requirement for new capital. Demand for capital is driven by the need to replace ageing traditional power assets, to increase the cost competitiveness of renewable power, and the requirement for increased security of energy supply.
ECF marks the first move into the infrastructure market for SEP, but complements the Environmental Energies Fund (EEF) launched in 2011, which acquired a portfolio of venture capital and private equity cleantech investments from SSE.
SEP has recruited a new team to manage the fund, headed by existing SEP partner Gary Le Sueur.

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Silent Herdsman Continues Its Growth And Market Penetration With New Investment From Scottish Equity Partners, Albion Ventures And Scottish Investment Bank

Monday, March 24th, 2014

Silent Herdsman Limited1 today announces that it has raised £3 million of investment from leading UK institutional investors to support its continuing growth and international expansion.
The investment has been made by an investor syndicate led by Scottish Equity Partners (SEP) and comprising Albion Ventures and the Scottish Investment Bank, the investment arm of Scottish Enterprise. The funding will assist Silent Herdsman in accelerating the growth of its global ecosystem and customer base. In addition the funding will enable the expansion of the range of animal health and welfare monitoring services that the company provides to farmers around the world.
Silent Herdsman® is a decision-support platform that features a unique high-tech behaviour-monitoring collar, which triggers alerts to a farmer’s mobile phone, tablet, laptop and/or PC to identify a change in activity, for example oestrus detection, using predictive analytics software. It provides the basis for a highly scalable and highly functional software system that assists farms to take swift and precise actions based on animal activity, which in virtually all cases, greatly enhances the efficiency and effectiveness of their beef and dairy herd business. Using a pioneering patented2 technology, Silent Herdsman has the ability to deliver highly accurate health predictions resulting in improvements in animal health, increased milk yield, and enhanced profitability for famers on a rapid payback.
Stuart Paterson, Partner at SEP said, “There are currently over 1 billion beef and dairy cows world-wide and over 34m dairy cows in the EU and US alone. This number is continuing to grow as countries get wealthier and demand for dairy products increases. As a result, this represents a market opportunity of over $1bn per annum to Silent Herdsman. Moreover, the solution significantly enhances the efficiency of world food production which is of global concern. The company is rapidly making sales both in the UK and internationally, and as a result, SEP is delighted to support the company’s growth plans.”
Robert Whitby-Smith, Partner at Albion Ventures said, “We are excited about the opportunity to back the Silent Herdsman team and their ambitious growth plans. The animal health monitoring market is expected to grow rapidly and Silent Herdsman’s differentiated, and patented, products are poised to capitalise on this.”
Annette MacDougall, CEO at Silent Herdsman commented, “This investment underpins our unique and distinguishing product features and represents a significant endorsement towards our global expansion plans. The Silent Herdsman predictive analytic software platform is uniquely positioned to assist dairy and beef farms globally to bolster productivity gains, improve operational performance and increase profit on farm. We are delighted to be working with a sterling team of professional and knowledgeable investors who have supported our technology roadmap for taking on-line data services towards internationalisation and expansion.”
Kerry Sharp, Head of the Scottish Investment Bank, said, “We are pleased to be part of this investment round, alongside our private sector partners. Silent Herdsman is an exciting, forward-thinking company with an international mindset. Scottish Enterprise has worked closely with Silent Herdsman since its inception to help it grow and enter the market with its unique technology. This funding is the latest stage of an integrated package of support that will allow the company to realise its strategic growth plans.”

SEP Reports Strong Performance In 2013

Monday, December 16th, 2013

Leading UK venture capital firm Scottish Equity Partners (SEP) has reported a sharp upturn in investment activity this year and strong operating performance across its portfolio of 40 high growth companies.
SEP, one of the largest venture capital groups in Europe, confirmed that investment is scheduled to total £60m in the current year to 31 December. Companies added to the portfolio include leading digital solutions provider Tryzens, email marketing company Pure360, and social analytics company SocialBro, reflecting what SEP says is particularly strong deal flow for digital media opportunities. SEP expects to complete another significant e-commerce investment within the next few weeks.
Aggregate revenues for the portfolio have grown 22% in 2013 to almost £700 million, while employment across the SEP companies has increased by 12% to more than 4,200.
SEP partners with innovative high growth companies in technology and technology-enabled business sectors. Approximately 90% of the SEP portfolio is UK based, with one third headquartered in Scotland, including Skyscanner, the world’s fastest growing travel search company. SEP remains the largest shareholder in Skyscanner, following the recent $800 million secondary deal with US venture firm Sequoia Capital.
Other strong performers across the SEP portfolio included energy services company Anesco, which topped the 2013 Fast Track 100 covering the UK’s fastest growing private companies. London based fashion retailer, matchesfashion.com, has also grown strongly, increasing employment numbers to more than 350 staff, attracting 2.5 million visits to its website every month and shipping to 195 countries throughout the world. Significant progress has also been made by managed services provider Control Circle, named Managed Services Provider for the second year in a row at the International Datacentre and Cloud Awards 2013; and Livingston based Cyberhawk which has completed a series of world firsts in offshore and onshore oil and gas inspections through the use of remotely operated aerial vehicles.
SEP’s Managing Partner, Calum Paterson said: “As long term investors, what really matters to us is how our companies do across their entire journey, but many of them have done particularly well in the last 12 months. The employment and revenue numbers demonstrate that for the right companies, venture capital can and does have a very substantial impact”.
SEP has expanded its own team during the year, hiring Andrew Carnwath from F&C and Paul Neeson from Caird Capital. Further recruitment is planned in 2014 for the firm’s London and Glasgow offices.
Ian Marchant, former Chief Executive of SSE plc, Senior Non-Executive Director of the Wood Group, and President of the Energy Institute will join SEP’s Investment Advisory Board in January.
The firm expects investment opportunities to increase further in 2014.
Paterson said: “Technology innovation is increasingly disrupting everyday life, business activity and the global economy. We feel sure that this trend will continue at an even greater pace in 2014. Our challenge is to find the entrepreneurs who can successfully commercialise the opportunities which are opening up and to help them build great companies. We view the UK as having the best environment for venture capital investment and entrepreneurship in Europe, and the success of our portfolio companies underpins our position as the investor of choice.”

Sumerian Attracts £2.4M Investment To Accelerate Global Expansion And Launch Of New SaaS Predictive Analytics Platform

Monday, September 9th, 2013

Sumerian, a provider of Forward Thinking IT analytics to many of the leading Fortune Global 500, today announced a further £2.4M investment as it’s new SaaS predictive analytics platform gains momentum in open beta.
The £2.4M investment is being led by Scottish Equity Partners (SEP), alongside the Scottish Investment Bank (SIB), the investment arm of Scottish Enterprise.

It will help the Edinburgh-based company accelerate its growth and support the launch of its new SaaS (software as a service) IT analytics platform, Sumerian Workbench®, which is currently in open beta.
During the beta users will be offered free access to Workbench, and will be able to run their own predictive analytics in the cloud to identify tangible cost savings and performance gains on their IT estates.
“Sumerian has spent the last 10 years working with leading companies doing predictive analytics to make their IT investments generate a better return”, commented Bryan Clark, Sumerian CEO.
“Our results speak for themselves – millions saved and major performance improvements achieved. Now we’ve taken all that experience and built it into our new Forward Thinking analytics platform – Sumerian Workbench® – and made it available in the cloud for everyone to use.”
Andrew Davison, Partner at SEP who led the deal, said: “Our further investment in Sumerian is based on growing global market demand for its IT analytics services and an impressive list of blue chip clients. The management team has a strong track record, a growing pipeline of opportunities and has built a trusted brand. It is competing in an exciting global market and SEP is pleased to be able to support the company’s growth plans.”

SIB’s Scottish Venture Fund is also investing in the company. Head of SIB Kerry Sharp said: “Sumerian illustrates Scotland’s worldwide reputation for innovation, performing advanced analytics that deliver tangible business value to the customers they work with and spearheading a technology in which Scotland can become world leader – exactly the type of innovative business we’re here to support.”

Sumerian Attracts £2.4m Investment To Accelerate Global Expansion And Launch Of New SaaS Predictive Analytics Platform

Monday, September 2nd, 2013

Sumerian, a provider of Forward Thinking IT analytics to many of the leading Fortune Global 500, today announced a further £2.4M investment as its new SaaS predictive analytics platform gains momentum in open beta.
The £2.4M investment was led by Scottish Equity Partners (SEP) along with the Scottish Investment Bank, the investment arm of Scottish Enterprise.

This investment will help Edinburgh-based Sumerian accelerate its growth, supporting the launch of its new SaaS (software as a service) IT analytics platform, Sumerian Workbench®, which is currently in open beta. During the beta, users will be offered free access to Workbench, and will be able to run their own predictive analytics in the cloud to identify tangible cost savings and performance gains on their IT estates.
“Sumerian has spent the last 10 years working with leading companies doing predictive analytics to make their IT investments generate a better return”, commented Bryan Clark, Sumerian CEO. “Our results speak for themselves – millions saved and major performance improvements achieved. Now we’ve taken all that experience and built it into our new Forward Thinking analytics platform – Sumerian Workbench® – and made it available in the cloud for everyone to use.”
Andrew Davison, Partner at SEP who led the deal -, said: “Our further investment in Sumerian is based on growing global market demand for its IT analytics services and an impressive list of blue chip clients. The management team has a strong track record, a growing pipeline of opportunities and has built a trusted brand. It is competing in an exciting global market and SEP is pleased to be able to support the company’s growth plans.”

Gerry Reynolds of Scottish Enterprise commented, “Sumerian illustrates perfectly Scotland’s worldwide reputation for innovation, performing advanced analytics that deliver tangible business value to the customers they work with and spearheading a technology in which Scotland can become world leader.”

Pure360 Attracts Development Capital From SEP And Investec As Part Of A £10.5m Deal

Thursday, July 4th, 2013

Email and SMS marketing company Pure360 today announced a £10.5 million management buyout including investment, to fund future growth and create 65 new jobs in the south east. Scottish Equity Partners (SEP) led the deal investing £6.5m, with the balance coming from Investec and management.

Pure360 is the latest digital media investment by SEP. It joins existing portfolio companies such as Skyscanner, the world’s fastest growing travel search company, online eyewear business Mr Spex, and Media Ingenuity, which specialises in online comparison tools in the financial sector.

Gordon Beveridge who secured the deal for SEP explains: “The funding announced today will extend the capabilities of Pure360’s platform, broadening features within segmentation, geolocation and automation whilst creating the most usable interface out there.

“The company is already a major player in the UK email service provider market and we believe this funding, coupled with our investment experience in the digital media sector, will help Pure360 go from strength to strength.’

The UK market for email marketing platforms and services is forecast to be worth £513 million in 2013. This continued growth is reflected in the inward investment activity within the sector such as Silverpop recently increasing funding and the ExactTarget purchase.

Stuart Dawson, CEO of Pure360 comments: ‘We’re excited by the increased opportunity this investment represents; allowing us to accelerate product innovation and cement a world class client service function.Pure360 has doubled both its turnover and headcount since 2008. The next three years will see a further 65 jobs created with turnover expected to double again to £14.5m.’

Focusing on improving customer results, Pure360 works with customers including The Sunglasses Shop, Hackett, innocent drinks, Virgin, Rightmove and Tetley. Integrations with key business systems such as Salesforce, Facebook and Magento drive better customer insights and email revenues.

Stephen White from Investec added: “Pure360 is a great example of a small but fast-growing UK business, and Investec Growth & Acquisition Finance is delighted to be working with SEP and Pure360’s entrepreneurial management team as they back the company in the next phase of its growth. Our ability to provide both debt and equity finance allowed us to tailor a funding package that provides Pure360 and its stakeholders with the flexibility to support the execution of its exciting growth plans.”

GP Bullhound, the technology investment bank, acted as the exclusive financial advisor to Pure360 on its sale. The transaction is GP Bullhound’s eighth in the Digital Marketing sector in the last 18 months.

Cyberhawk Hit the Headlines

Wednesday, July 3rd, 2013

ROAV & flare(smaller)

World leading remote aerial industrial inspection company, Cyberhawk Innovations, were featured on Monday night’s BBC News.

Cyberhawk recently benefited from a £1.25 million investment, led by HTR client Scottish Equity Partners, enabling the Livingston-based company to expand its products and services.

The news article shows Cyberhawk’s remote controlled inspection helicopters in action, and can be viewed in full here.

Cyberhawk Attracts £1.25m Investment To Create Jobs And Drive Global Expansion

Friday, June 21st, 2013

Cyberhawk Innovations, the world leading remote aerial industrial inspection company, today announced a £1.25m investment led by Scottish Equity Partners (SEP) along with the Scottish Investment Bank, the investment arm of Scottish Enterprise.

The funding will enable Livingston-based Cyberhawk to accelerate its growth, create jobs and expand its products and services, ensuring that it continues to lead the commercial development of the Remotely Operated Aerial Vehicle (ROAV) inspection market.

Over the last five years, Cyberhawk has established a leading industrial service that uses ‘flying robots’ to conduct close visual and thermal inspections of industrial assets such as flares, utility transmission towers and wind turbines.

Cyberhawk also delivers state-of-the-art aerial land surveying solutions in oil and gas, utilities and renewable energy sectors. This innovative business initially attracted investment from FTSE 100 utility giant SSE plc and now the UK’s leading venture capital and growth equity investor, SEP.

Cyberhawk’s revolutionary products have attracted several blue chip international customers, including SSE, Shell, ExxonMobil, ConocoPhillips, Total, Centrica and Statoil. The new investment will enable Cyberhawk to further develop these relationships and allow it to broaden its range of technology led solutions into new markets and geographies.

Unlike traditional inspection methods using rope access or helicopters, Cyberhawk’s approach means that high value energy infrastructure can be kept operational during inspection – a vital consideration at industrial sites where asset downtime can cost millions of pounds per day.

Cyberhawk techniques also deliver significant health and safety benefits. Using ROAVs minimises risk by reducing or eliminating the need to work ‘at height’ and limiting the overall project duration.

Speaking on the rapid progress of the company, Craig Roberts, Cyberhawk’s Chief Executive Officer, said:

“The new round of investment will enable Cyberhawk to invest in the people, technology and product development required to consolidate our leading position in the market and drive global growth. We anticipate that we will double our headcount in the next year and see further growth in subsequent years.

“Under the leadership of founder and Technical Director Malcolm Connolly, the team made considerable progress in the development of the ROAV inspection market from a standing start. Technical leadership and product development continue to be core elements of our strategy to develop disruptive asset inspection solutions that deliver significant benefits to our customers.”

Tony Robison who led the deal for SEP said: “The investment has come on the back of Cyberhawk establishing a growing demand for its inspection services and an impressive list of blue chip customers. The management team has a strong track record, a growing pipeline of opportunities and has built a trusted brand. It is operating in an exciting global market and SEP is pleased to be able to support the company’s growth plans.”

Kerry Sharp, Head of the Scottish Investment Bank commented “Cyberhawk perfectly illustrates Scotland’s reputation for engineering excellence and inventiveness and shows how these strengths can create jobs and export opportunities. Cyberhawk is creating a new global market for the commercial use of ROAVs in the energy industry in which Scotland can become world leader”

The company’s ground breaking service was recognised by the oil and gas industry in 2012, when it won the ‘Business Efficiency’ category at the prestigious UK Oil & Gas Awards in Aberdeen.

SocialBro Raises a Series A Investment of £1.2m for New Product Development and to Increase its International Growth

Thursday, June 6th, 2013

SocialBro, an advanced cloud solution for the management, analysis and monetisation of Twitter communities by business users, has secured a £1.2M venture capital investment led by Scottish Equity Partners (SEP). This is the startup’s first significant investment since initial seed funding. Since then the company has continued to consolidate its market position with the launch of a paid cloud service, affiliate and partnership programmes as well introducing new functionality and securing integration with HootSuite.

SocialBro is a powerful suite of Twitter analytics tools for businesses wanting to use Twitter tactically as a strategic marketing channel and rapidly build a robust and highly visible social presence. It allows brands to increase their communities’ growth, save time and monetise their social contacts through data and actionable statistics. As businesses become increasingly active on Twitter it is critical that they focus activity and resources effectively to deliver a clear return on investment and achieve strategic business objectives. Since its launch in May 2010, SocialBro has achieved rapid growth, attracting more than 3000 customers, and over 180,000 users from more than 100 countries.

From its headquarters in London’s Google Campus, SocialBro founder and CEO Javier Burón explains what this investment means for the company: “This investment will allow us to scale our current international growth and deliver our ambitious development roadmap for new products”. “Scottish Equity Partners brings the business skills and understanding that will help us achieve our business goals. Ultimately our vision is to enable Twitter for business users and to be the ‘go to’ for any company wanting to extract brand value and financial revenues from Twitter.”

The SEP investment was led by Stuart Paterson and Mark Gracey. Commenting on the deal Mark Gracey, Principal at SEP says: “We believe SocialBro to be a highly scalable business, well positioned to take a significant share of the social network analytics market. We are impressed with the rate at which its innovative enterprise tool for Twitter is being adopted. Our investment will enable the company to maximise its growth potential and we look forward to working with Javier and his team in this dynamic and evolving market.”

Scottish Equity Partners Backs World Curling Champion Eve Muirhead In Olympics Bid

Wednesday, May 22nd, 2013

Scottish Equity Partners announced today its sponsorship of World Curling Champion Eve Muirhead in the run up to the Winter Olympics in 2014. The support will allow Eve to focus all her attention on winning gold in Sochi.

Eve became World Champion in Latvia in March, before going on to win curling’s Grand Slam, the Players’ Championships, in April. Team Muirhead is the first European team to win both World Championship and the Players’ in the same year.

Eve has taken curling to a completely new level and established Scotland as the team to beat. Every other team will be looking for ways to up their game in the coming months. And as the pressure mounts, Eve will continue to work with the girls to enrich the blend of talent and personality required to defend their dominance of the sport.

Physical excellence, mental focus and strong decision making skills are key to success on the ice. Over the last 12 months Eve has worked ceaselessly to create unity and cohesion – and she knows instinctively how Team Muirhead works.

Eve approaches curling with a precision not seen before, assessing the performance of every member of her team, and developing an almost forensic understanding of the opposition prior to competition. Weighing and meticulously analysing every stone, Eve closely monitors the constantly changing condition of the ice to ensure optimal performance.

Commenting on the sponsorship deal, Eve said: “Sponsorship will make a huge difference to my preparation for the Olympics and I am proud to have Scottish Equity Partners as part of my team. The ambition and ethos of SEP make them a perfect fit for me. They understand the challenges I face and I believe we will all learn from each other. The main thing is this means all my energy can now be devoted to getting Team Muirhead ready for Sochi in eight months and being the athlete I need to be.”

Links between business and sport are crucial: funding for young athletes is vital to the UK’s continued success at a global level, while the business world can, through interaction with sport, appreciate ever more greatly the rewards that come from resilience, determination and effective team work, and emulate these in the conduct of business.

SEP’s Managing Partner Calum Paterson said: “Eve is a fantastic Scottish athlete who has already achieved significant success. She is a great role model for young people across the UK and we hope our sponsorship will enable her to continue to inspire others to take up sport and to strive to be the best in their chosen field. We are honoured to be part of Eve’s story and to help her as she trains hard for the winter Olympics in 2014.”

Eve was just 19 when she skipped the GB curling team at the Vancouver Olympics; she was the first curler to skip a team to victory in both Scottish and Junior championships in the same year, the first to skip on World Junior and Senior championships in the same year and the only skip ever to win three straight world junior titles.

Scottish Equity Partners Sponsor GP Bullhound Summit and Media Momentum Awards

Wednesday, May 15th, 2013

Scottish Equity Partners (SEP) announced today its sponsorship of the tenth annual GP Bullhound Summit and Media Momentum Awards 2013 in Stockholm. The awards recognise the leading companies of Europe’s digital economy. Invitation only, the exclusive event is attended by a hand-picked group of Europe’s top 100 business leaders and entrepreneurs.

During the day guests attend debates and talks around the critical developments in the digital economy, the coolest apps, latest ground-breaking technologies, key trends and success factors. In the evening, the award winners are revealed at a gala dinner.

The awards, hosted by GP Bullhound, have become the top league table for Europe’s fastest-growing digital companies. This year’s categories are: fastest revenue grower of the year; fastest earnings grower of the year; most innovative company; entrepreneur of the year; and the judges’ award.

SEP is one of the largest venture capital firms in Europe and the only UK firm focused solely on innovative high growth businesses in the technology, media and telecoms, healthcare and energy sectors.

The current SEP portfolio comprises over 30 high growth companies including travel search company Skyscanner, luxury fashion retailer Matches and healthcare informatics company Aridhia.

Andrew Davison, Partner at SEP comments: “The awards are a fantastic platform for the brightest digital talent in Europe today. These are exciting times to be working in technology investment and the line-up for 2013 is the strongest we have seen. Our own portfolio, including Skyscanner, will be represented, and it is heartening to see so many quality, innovative, high growth companies being showcased.”

The summit and awards take place in a different tech hotspot each year. The event is free, run as not-for-profit and financed by GP Bullhound and a small group of companies wishing to support entrepreneurship in Europe. Sponsors include Berenberg Private Banking, Kemp Little, Acton Capital Partners, TA Associates, London Stock Exchange, Scottish Equity Partners, Northzone, Creandum, Vivendi, EMI and Ballou PR.

“The Summit and Media Momentum Awards are a celebration of Europe’s growing technology sector. The Summit is designed to inspire, with some of the most brilliant minds in Europe coming together to debate and discuss the issues of the sector,” said Manish Madhvani, Managing Partner at GP Bullhound and Media Momentum judge. “The evening is about celebration, showcasing the Europe’s most promising growth-stage technology companies. Previous winners include Klarna, Wonga, Vente Privee and King.com and each year we talk about how high the bar is becoming for emerging companies. 2013 is no different and we have been blown away by the talent and ground-breaking innovation of the companies entering.”

Smarter Grid Solutions Secures £3M To Target Booming Smart Grid Technology Market In Europe And North America

Wednesday, January 16th, 2013

Smarter Grid Solutions, a UK-based leader in the development and deployment of ‘active network management’ technology* for the smart grid market, has secured £3 million of investment in a deal led by Scottish Equity Partners (SEP) along with Scottish Enterprise through the Scottish Investment Bank and the University of Strathclyde.

Smarter Grid Solutions’ pioneering real-time grid management software offers power companies affordable ways to manage electricity network congestion issues at a local, regional or national level and cope with increasing volumes of low carbon generation and demand. Founded in 2008, the company now employs more than 30 people and has ambitious recruitment plans over the next three years.

The new funding allows Smarter Grid Solutions to position itself to meet substantial international demand for smart grid technology, a huge potential market estimated to be worth more than $56 billion by 2020. The investment will enable the company to take forward ambitious product development plans and to take advantage of emerging opportunities in the UK, Europe and North America. To do this the company will also grow its Glasgow base; expand its London office; and open an office in New York to take the technology to the North American market.

The company’s UK business is currently playing a key role in innovative low carbon network projects with five of the UK’s six electricity distribution companies, namely UK Power Networks, SSE plc, ScottishPower Energy Networks, Western Power Distribution and Northern Power Grid. It has also attracted widespread interest from distribution and transmission companies in Europe and North America.

Alan Gooding, Managing Director of Smarter Grid Solutions, said: “This investment is a huge endorsement of our plans for future growth and our groundbreaking technology. Our cost-effective solutions meet the increasing demand for low carbon electricity by deferring the need for major investment in new power lines, maximising the efficiency of the existing power grid and enabling earlier connections for renewable generation.”

Tony Robison of SEP, the UK’s leading growth equity investor who led the investment from its Environmental Energies Fund (EEF), commented: “Smarter Grid Solutions’ active network management technology offers a world-class solution to the key challenges currently facing power companies across the globe. This investment, combined with the excellent track record of the management team and the sheer scale of the potential market on offer, will enable the company to build on its position as the leading provider of active network management solutions to the smart grid sector.”

Kerry Sharp, acting head of the Scottish Investment Bank, said: “This is exactly the kind of company we want to support – innovative, ambitious and with the drive to keep developing. We’re very pleased to see it entering this new phase of expansion, and look forward to continuing to work with it into a very successful future.”

Dr David McBeth, Director of Research & Knowledge Exchange Services at the University of Strathclyde said: “Strathclyde is a leading international technological university committed to creating and supporting high growth companies with both economic and societal benefit to Scotland. Investing in Smarter Grid Solutions, a growing star from our Renewable Energy Portfolio of spinouts, is the University’s first follow-on investment deal.”

Matches Announces Growth Equity Investment

Tuesday, November 13th, 2012

Matches today announces growth equity investment of £20m from two partners; Scottish Equity Partners (SEP) and Highland Europe.

Established in 1990 as a bricks and mortar retailer by Tom and Ruth Chapman, Matchesfashion launched online six years ago and has become a unique luxury fashion retailer, servicing the global market with over 250 international designer labels across womenswear and menswear, with names including Alexander McQueen, Balenciaga, Saint Laurent and Isabel Marant.

The funding will enable Matches to further expand its rapidly growing online sales, with a focus on key International markets, while continuing to invest in its 14 luxury stores across London.

Tom & Ruth Chapman, joint CEOs Matches said,
“It was incredibly important to us to find partners who understood Matches unique proposition and our vision of how to grow the business across an omni-channel platform. We are pleased to have found them in SEP and Highland – who both completely understand our vision and strategy. This is a key stage in the growth of Matches and we are very excited about what this investment means for our future.”

The investment was led by SEP partners Andrew Davison and Jan Rutherford and from Highland Europe by partner Sam Brooks. Andrew and Sam both now join the company’s board of directors.

Andrew Davidson, partner SEP commented: “We are delighted to be the company’s first private equity backer and to have the opportunity to support such a talented team. Tom and Ruth Chapman have built Matches Fashion into a highly trusted and iconic brand, and are dedicated to offering their customers the highest quality retail experience. Our investment will enable the company to expand its online operations and cement its position as a leading global fashion business.”

Sam Brooks, partner Highland Europe said;
“We are particularly impressed by the multi-channel, international shopping experience that Tom and Ruth and their world-class team have built in Matches Fashion. Their unique approach has resulted in exceptional growth with large international scale potential; we are thrilled to be partnering with Matches through our dedicated European growth fund.”

New Funding Boost For Green Highland Renewables

Thursday, October 25th, 2012

Perth based Green Highland Renewables, the leading Scottish developer of small to medium scale hydro generation schemes, has completed a £3.3m investment led by SEP’s Environmental Energies Fund, alongside participation from Scottish Enterprise.

The funding will enable the company to develop its growing pipeline of hydro generation sites as well as servicing the increasing demand it is experiencing from clients for consulting, project management and operation and maintenance services.

Green Highland Renewables was founded in 2007 and specialises in developing small scale ‘run of river’ hydro projects from about 100kW to 2MW. The company provides advice and solutions to landowners and communities through the whole process of design, finance, procurement and operation.

The hydro power market offers significant unexploited potential. According to Scottish Renewables, Scotland currently has 1.4GW of hydro power, with growth potential, in particular for the development of small and medium sized schemes.

Ian Cartwright, Managing Director, Green Highland Renewables, said:

“We are delighted to have closed this substantial investment round. Hydro electric site development is a complex process, from prospecting to commissioning. It is therefore important that the company has access to substantial development capital to enable us to take advantage of the growing number of opportunities.”

“This injection of capital means, in addition to servicing demand from our existing clients, we can actively seek out new clients potentially requiring help with site development. We are actively looking for more schemes that we can develop with landowners. These schemes, once completed, can provide landowners with long term relatively risk free income.”

Tony Robison, of SEP said:

“We consider Green Highland Renewables to be ideally placed to exploit the significant growth opportunity in the small to medium scale hydro market. Ian and the rest of the team have an excellent track record, a growing pipeline of site opportunities and have built a trusted brand in the hydro market. Our investment will enable the company to expand its operations and cement its position as the leading Scottish-based developer of run of river hydro generation schemes.”

Kerry Sharp, acting head of the Scottish Investment Bank, said:

“The Scottish Investment Bank is very pleased to be supporting GHR alongside Scottish Equity Partners. Scotland has an ambition to source 100% of its electricity demand from renewable sources by 2020, and it’s companies like this, which are actively seeking more ways to increase our renewable energy output, that will help us achieve that ambition.”

Hat Trick for Scottish Equity Partners at Investment Awards

Monday, October 1st, 2012

Growth equity and venture capital investor Scottish Equity Partners (SEP) picked up three top European investment awards last night. SEP won the hotly contested ‘Investor of the Year’, ‘Exit of the Year’ and ‘Venture Capital Fund of the Year’ categories at the Investor AllStars Awards in London, sponsored by GP Bullhound. The awards, in their tenth year, bring together the leading lights of Europe’s venture capital and private equity communities, celebrating the best investments, lucrative exits, the financing of entrepreneurship and all-round professional excellence.

SEP was won the Venture Capital Fund of the Year category, and also Exit of the year for the sale of web traffic management company Zeus Technology to Riverbed (NASDAQ: RVBD) for $140m.The award recognised SEP’s role in growing the business and the value for all shareholders created by the exit. SEP partner Andrew Davison was named Investor of the Year, completing a trio of awards for the firm.

SEP’s Managing Partner Calum Paterson said: “This round-off an excellent twelve months for us, and we are honoured to receive these prestigious awards. I am particularly pleased that Andrew Davison has had his excellent contribution to both SEP and our portfolio companies recognised in this way”.

Operating from offices in Glasgow and London, SEP invests in high growth potential companies in the IT, healthcare and energy sectors. During the qualifying period for the awards, SEP raised two substantial new funds, defying general market sentiment and expanding its investor base. SEP closed a £200 million growth equity and venture capital fund, SEP IV, and a £95m secondaries fund, the Environmental Energies Fund, in partnership with FTSE 100 utilities company SSE plc.

SEP’s current portfolio companies, which are predominantly based in the UK, employ more than 2,000 people in aggregate and include some of the UK’s fastest-growing technology businesses. Approximately one third of SEP’s investments are based in Scotland.

SEP’s portfolio includes flight search engine Skyscanner and CamSemi who were recently listed at numbers 17 and 29 respectively in the 2012 Times Tech Track 100.

Last week SEP announced a £12m growth equity investment in Matches, a leading UK based luxury fashion retailer.

SEP Invests in Matches

Tuesday, September 18th, 2012

Scottish Equity Partners (SEP) has completed a £12m growth equity investment in Matches, a leading UK based luxury fashion retailer.
The funding will enable the company to further expand its rapidly growing online sales, with a focus on key international markets, while continuing to invest in its 14 luxury stores across London.
Matches will close 2012 with a turnover of over £50million, with 60% driven by online, a growth of 120% on 2011.
Established in 1990 as a bricks and mortar retailer by Tom and Ruth Chapman, Matchesfashion launched online six years ago and has become a unique luxury fashion retailer, servicing the global market with over 250 international designer labels across womenswear and menswear, with names including Alexander McQueen, Balenciaga, Yves Saint Laurent and Isabel Marant.
The investment was led by SEP partner Andrew Davison, who has joined the company’s board of directors.
He said: “We are delighted to be the company’s first private equity backer and to have the opportunity to support such a talented team. Tom and Ruth Chapman have built Matches Fashion into a highly trusted and iconic brand, and are dedicated to offering their customers the highest quality retail experience. Our investment will enable the company to expand its online operations and cement its position as a leading global fashion business.”
Matches Fashion is the latest addition to SEP’s e-commerce portfolio which also includes Edinburgh based Skyscanner, the world’s most comprehensive flight search company, which was recently listed at No 17 in this year’s Sunday Times Tech Track 100.


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