UK - Bank of Scotland takes stake in Pi Capital

Bank of Scotland Corporate has taken a strategic 19.9% stake in Pi Capital through its Growth Equity team. No shares were sold by existing Pi shareholders. Following Bank of Scotland's investment, Pi Capital will gain access to the Bank's pipeline of Growth Equity deals. For its part, Bank of Scotland will gain access to Pi’s high-powered network of top UK entrepreneurs, business leaders and financiers, which has extensive experience of multiple business sectors. Pi Capital will have the opportunity to participate in select Bank of Scotland investments, though it will be under no obligation to do so. It retains the freedom to source deals from its membership and its own origination activities.