Bestport Private Equity (“Bestport”) the entrepreneurial providers of supportive capital for cash generative, fast growing, ambitious companies in the UK, is pleased to announce the promotion of Andy Rice to Investment Director.
Andy’s promotion follows a strong 12 months for Bestport, which included the sale of Nu-Heat to Polypipe Group generating a 5.6x gross return on investment, the sale of Oracle Care & Education generating a 3.3x gross return, and the investment in Playful Promises to support future growth and expansion.
James Stoddart, Managing Partner of Bestport commented: “We are delighted to recognise the contributions that Andy has made to the business. He has worked extremely diligently alongside the Partners and demonstrated his ability to originate and execute opportunities and build value in the portfolio.
“Andy is a key member of the Bestport team as we continue to invest our second LP fund in new and exciting opportunities and expand our business.”