Growth capital investor Active Private Equity has received £24m towards its latest enterprise capital fund (ECF) from the British Business Bank.
Active ECF will have a total investment capacity of £40m and will target early-stage founder-led companies across the UK. Active typically invests in the consumer space and has previously backed companies...
LP has previously made investments in CVC's European funds, as well as many mid-market funds
First funding round will support the group's expansion overseas
Shares are placed at €31.60 apiece, which would bring total proceeds up to €411m
Allianz will secure a minority stake, and a representative will join the management board