Livingbridge invests in Vendigital
Livingbridge has acquired a majority shareholding in UK-based management consultancy Vendigital.
The GP drew capital for the investment from Livingbridge Enterprise 2, which typically invests up to £25m in deals worth up to £50m.
Livingbridge has not announced whether the transaction was structured via a newco, though publicly available documents reveal a newco named Henley Topco, which shares the same registered office address as Vendigital. Henley Topco's registered officers include Vendigital managing partners Dominic Jephcott and Roy Williams, in addition to Livingbridge partner Matt Upton.
Under its new ownership structure, Vendigital will pursue international expansion and make bolt-on acquisitions.
The latest transaction comes just two weeks after Livingbridge invested in data-focused marketing agency Brainlabs with capital drawn from its second enterprise fund.
Company
London-headquartered Vendigital provides advisory services related to businesses' financial and operational activities. It has additional offices in Hong Kong and Chicago.
The company's team consists of procurement, supply chain and cost engineers. It serves clients in the aerospace, defence, transportation, automotive, industrial products, media, entertainment and retail sectors. Vendigital also provides bespoke data analysis platforms.
People
Livingbridge – Matt Upton (partner); Laura Wathen (associate director); Luke Bray (investment manager).
Vendigital – Dominic Jephcott, Roy Williams (co-founders, managing partners).
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