Bestport Private Equity (“Bestport”) the entrepreneurial providers of supportive capital for cash generative, fast growing, ambitious companies in the UK, is delighted to welcome Andy Rice to the team as Investment Manager.
Andy joins from Grant Thornton having spent several years in the M&A team, focusing on the execution of transactions in the lower mid-market on behalf of both entrepreneurial owner-managed clients and Private Equity.
Andy’s appointment comes at a key point in Bestport’s development, having just successfully completed the first close of its Second LP Fund, and its recent sale of investee company Lewmar, returning 6.1x funds invested.
James Stoddart, founding Partner of Bestport commented: “This is a really exciting time for Bestport, having just completed our first close of Bestport LP Fund II which received strong support from existing investors as well as attracting new ones. We are thrilled to have Andy as part of the team. His experience and insights will be a big boost for originating new opportunities, as well as executing deals.”