Isis injects £5m into Kingsbridge

The fresh capital will help accelerate the firm's international expansion and support the development of its product offering in new sectors.

The transaction is Isis's first investment of the year. The GP completed its first exit of 2014 with the sale of vending machines supplier Kafevend to Eden Springs, reaping a 2.5x multiple and an IRR of 13.8%.

Company
Founded in 2001 and based in Tewkesbury, Kingsbridge provides business insurance services to contractors, freelancers and self-employed professionals in sectors including engineering, oil and gas, banking, finance and IT.

The firm specialises in the water industry, environmental risks and professional services and has offices in Tewkesbury, Guernsey, Liverpool and Reading.

People
Andrew Garside, Phil Murden and Steve Cordiner represented Isis.

Advisers
Equity – Pinsent Masons, Andy Phillips, Amie Norris, Emily Mort (Legal); Baker Tilly, Peter Vandervelde, Phil Rossiter (Financial due diligence); CIL, Alex Marshall, Sonja MacDonald (Commercial due diligence); KPMG, Angus Goldie, Laura Stamp (Regulatory due diligence).
Company – DWF, Stephen Houston, Philip Whitehurst (Legal); Resolution Partners, Roddy Simpson, Hamish Ridgwell (Corporate finance).

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• Topics
• UK / Ireland
• Financials
• Expansion
• United Kingdom
• ISIS Equity Partners