We advised private equity house WestBridge Capital, and the management shareholders, on the sale of Vista Retail Support to private equity firm LDC
What we did:
Vista, which is headquartered in Cardiff, has secured a £14m investment from LDC. The organisation installs, manages and maintains in-store technology for many of the UK’s leading retailers, including Lloyds Pharmacy, Monsoon, Odeon Cinemas, and Pets at Home.
WestBridge originally acquired the business in 2014. Over the last three years, they’ve successfully supported the executive team in growing the business, with significant increases in profitability and revenues. WestBridge will now exit with a four times return on their original investment.
Our Corporate Partner, Tom Kelleher, said “It’s very rewarding for us to have acted on the sale of a company by a private equity client, when we also acted on its purchase. Its been great to see the business develop as it has through the three and a half years of WestBridge’s ownership. We look forward to watching it develop in management’s hands with their new backers’ hands. Capital looks forward to more work in partnership with WestBridge on future investments.”
This deal, which was recently named Deal of the Month by Insider Media, will support Vista’s ongoing growth, both at home and abroad.
“Capital Law is our ‘go-to’ legal advisor whenever we make an acquisition. The team was with us when we first invested in Vista in 2014, and at our side again at this very successful exit. The quality of their advice is second to none, not only on transactions, but also in support during the years of our ownership.” – Sandy Smart, WestBridge Partner
“Tom and the Capital Law team were fantastic. They understood the challenges, and used their Corporate Finance expertise to guide us through the process. This allowed us to continue to run the business, despite the distractions.” – Richard Cottrell, CEO, Vista