Vespa Capital acquires SelectScience

Vespa Capital acquired the company in January 2021, according to the GP's website.

Co-founders Arif and Louise Butt invested in the new structure alongside Vespa Capital as part of a succession solution, the GP said in a statement.

Previous publisher and editor-in-chief Kerry Parker has been appointed as the company's new CEO.

Vespa is currently deploying equity via Vespa III, which held a final close in February 2020 on £150m. The fund deploys equity tickets of £10-30m and generally invests in businesses with enterprise values of £10-40m, targeting companies based in the UK and France.

Idinvest provided senior debt to support the deal.

Company
Founded in 1998 and headquartered in Bath, SelectScience is a digital marketing and information company for businesses operating in the scientific equipment sector. The company aims to allow users to gather and review information. Its readers include laboratory-based scientists and academic researchers, while clients who use its marketing services include laboratory equipment manufacturers. The company employs 67 staff, according to LinkedIn.

People
Vespa Capital – Matt Lyons (partner).
SelectScience – Kerry Parker (CEO).

Advisers
Equity – RSM (corporate finance); BDO (corporate finance); Deloitte (financial due diligence); Plural (commercial due diligence); DLA Piper (legal); Intuitus (IT due diligence); Lockton (insurance due diligence).

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• Buyouts
• UK / Ireland
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• Vespa Capital