Livingbridge reaps 2.4x on £52m Symphony trade sale

The deal comes just 14 months after the GP's initial investment in the company and has generated a 2.4x money multiple for Livingbridge.

During the holding period, Symphony undertook international expansion, with a particular focus on India, Latin America and the US. It has also opened a new operations centre in Poland and almost doubled its headcount.

Previous funding
Livingbridge provided a £3.5m series-A funding round for Symphony in August 2014 with capital drawn from its Baronsmead Venture Capital Trusts.

Company
Founded in 2014, London-headquartered Symphony provides consulting and implementation services focusing on the automation of operational processes.

People
Livingbridge – Henry Alty (associate director).
Symphony Ventures – David Poole (CEO); Ian Barkin (chief strategy officer); Pascal Baker (chief client officer); David Brain (chief operations officer).

Advisers
Vendor – Results International Group, Julie Langley, Mark Williams, Daniel Coombe (corporate finance); WithersWorldwide, Erika McIntyre, Megan Leonard-Kane (legal).

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