Nottingham start-up Energizes its capital
Who?
Private-equity business Energize Capital.
Did what?
Has invested an undisclosed sum in Bridgewood Financial Services Group, based in Nottingham.
What does this mean?
Start-up Bridgewood, a personal debt advisory business, was set up by Robin Tarling, former chief executive of Clear Start UK and director at TDX Group. Energize has invested alongside other private investors.
Who advised?
Andrew Page of Page & Co Solicitors acted for the company.
Insider comment:
This is Energize Capital's second deal in three weeks. At the beginning of this month, Energize Capital bought Radcliffe-based Trumeter from administrators. The private-equity business, which was founded by former Ford Campbell Corporate Finance partner Jeremy Carr, bought the trade and assets of Trumeter, which has a turnover of approximately £8m, for an undisclosed sum.
Speaking of the Bridgewood investment, Jeremy Carr said: "This investment will enable Robin to launch and build the team at Bridgewood and deliver its exciting growth plans. It is important in a start-up to back an appropriate manager who has done this before and has the credibility to attract such an impressive list of investors."
