Enterprise Ventures funds provide £2.5m for Winning Pitch

The capital will be used by Winning Pitch to introduce a selling division entitled Skills for Growth, to invest in new facilities and to expand its team.

£1.5m of the capital was provided by the EV Growth fund.

Stewart McCombe, who was appointed by Enterprise in May last year to manage the £15m North West Fund for Mezzanine, has previously worked for Winning Pitch as a coach for businesses in the north west region.

In December 2013, Enterprise Ventures and NatWest supported the £3.8m management buyout of Granby Marketing Services, with £1.35m drawn from EV Growth.

Debt
The North West Fund for Mezzanine, part of the £155m North West Fund, has provided a £1m debt package to support the deal.

Company
Salford-based Winning Pitch was founded in 2005 and provides coaching and business growth support services to the private and public sectors. It has a network of 200 coaches and offices in Liverpool, Leeds, Gateshead and Cardiff.

The company is currently a partner in the government's GrowthAccelerator programme that aims to help businesses grow.

People
John Leach is founder and Jim Keane is managing director at Winning Pitch. Wayne Thomas led the deal for Enterprise.

Advisers
Equity – Ward Hadaway (Legal); CLB Coopers (Tax); Deloitte (Corporate finance); Mazars (Financial due diligence); Korn Ferry (Management due diligence).
Debt – Ward Hadaway (Legal); Mazars (Financial due diligence); Korn Ferry (Management due diligence).
Company – Frazer Hall (Corporate finance). 
Management – Turner Parkinson (Legal).

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• Topics
• UK / Ireland
• Support services
• Expansion
• United Kingdom
• Enterprise Ventures