WestBridge Capital backs MBO of AJM Healthcare
UK-based small-cap investor WestBridge Capital has invested in the management buyout of wheelchair provider AJM Healthcare.
WestBridge is currently investing from its second vehicle, WestBridge SME Fund II, which held a first close on £50m in January 2018. The fund invests £5-15m in profitable SMEs with enterprise values of £10-25m.
The company will look to expand its range of services under the GP's tenure.
Company
Founded in 1983 and headquartered in Hailsham, East Sussex, AJM provides wheelchairs and related maintenance services to the NHS, local authority partners and individuals. It has a headcount of 150, including therapists and service engineers.
People
WestBridge Capital – Tim Whittard (investment director).
AJM Healthcare – Mark Perress (CEO).
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