Bridges Ventures has committed £6m to support the growth of tyre reprocessing company Credential Environmental Ltd. Bridges has taken a minority stake in the company. The transaction includes an initial £4m investment, with a further £2m allocated to fund the growth of the business as it develops. The capital will be used to continue the organic growth of the business and fund possible future acquisitions.
Debtwire and Creditflux examine the way direct lenders reacted to pandemic-related upheaval and how the industry looks set to bounce back
Fund complements PAI's existing large-cap strategy with the aim of targeting mid-sized companies across Europe
Fund invests in European digital platforms and marketplaces, targeting pre-seed and seed rounds
Management team is led by Chris Shaw who was appointed as chief executive in September 2017