Oxford Capital Partners has led a £1.5m round of funding into Oxitec Ltd, a company which develops pest control solutions that do not use insecticides, alongside exisiting investors East Hill, the University of Oxford and the management team. Oxford contributed £1m to the round, following on from a £550,000 investment as part of a £1.3m financing round in June 2005.
Shares are sold by shares were held by CapMan Buyout X Fund A and CapMan Buyout X Fund B
Advent made a takeover offer of 165 pence per share in cash, which represents a 34% premium in July
Business strategy platform will expand its product and triple its team size
Fund targets companies operating in the healthcare industry, primarily pharma, medtech and outsourced services