WestBridge invests £9.6m in BHSC

The firm is currently investing from its WestBridge SME Fund II, which closed on £140m in June 2019. WestBridge has deployed 47% of the fund, having completed five out of nine expected deals from fund II.

Founder Paul Sais has retained a significant share of the business and will take a seat on the board. The deal sees the appointment of Craig Rushton as chairman. Rushton is currently the executive chairman of Akari Care and a director at City & County Healthcare Group. He will work closely with the incumbent six-strong management team, led by managing director David Hatton.

Company
Established in 2011, Bespoke is a nursing services provider, with more than 50 employees and 620 trained carers who offer complex health and social care services to be supported within clients’ own homes and communities. Headquartered in Nottingham, the company currently manages contracts from 58 of the UK’s Clinical Commissioning Groups.

It reported revenue of £14.5m and an EBITDA of £2.5m for the year ending on 30 December 2019.

People
WestBridge - Tim Whittard (partner); Edward Minton (investment manager); Rebecca Sinclair (investment executive); Valerie Kendall (founding partner).

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