WestBridge invests £10m in Channel 3 MBO

The firm is currently investing from its WestBridge SME Fund II, which closed on £140m in June 2019. The fund was 47% deployed as of June 2020 and makes equity investments of £10-20m in companies with enterprise values of £15-40m.

CEO John Howard, who joined the company two years ago, led the MBO alongside colleagues Eleanor Rollason and Lucy McLintock. The three will now lead the company following the departure of the founding directors.

Company
Established in 2009, Channel 3 designs, implements and optimises digital transformation programmes for the healthcare sector. It is London-based and employs 31 people.

People
Channel 3 Consulting – John Howard (CEO).

Advisers
Equity – Spectrum Corporate Finance, Simon Davies, Sanj Benawra (corporate finance); Capital Law, Tom Kelleher, Melanie Williams, Philip Barratt, Gareth Williams-Davies (legal); CIL, Giles Johnson, James Silk (commercial due diligence); DSW, James Killing, Richard Hooper (financial due diligence); BDO, Hilary Sharp, Lauren Fletcher (financial due diligence).
Management – Morgan Lewis, Lee Harding, Tom Cartwright (legal).

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• Topics
• Buyouts
• UK / Ireland
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• United Kingdom
• WestBridge Fund Managers
• BDO LLP