Andrew Scott, a marketing, media and tech entrepreneur has launched a new venture to acquire or invest in SMEs.
Knightstone Capital aims to acquire SME businesses with turnover between £500,000 and £25m, with a good history and brand reputation, and where the owners wish to exit. The venture is sector agnostic and will consider both successful and distressed businesses.
The firm will also provide equity funding for ambitious start-ups or scaling businesses, and has already taken a significant stake in a Bristol-based Fintech business Payaca, and an augmented reality software spin-out from Exeter University, Augmented Reality Creations.
Andrew Scott is the founder and CEO of the Ascot Group, which operates in the publishing, marketing comms and software sectors. The Group employs 80 people across four sites in London and near Bristol.
He said: “While funding is the primary reason to team up with an investor, founders also value business advice and support. Working with my team gives founders access to some of the top marketing, media and tech talent in the UK, as well as access to some powerful resources that aren’t available from other investors. It means our acquisitions or invested companies can scale much faster.”
Knightstone Capital Ltd is based at Hatton Gardens, London, but operates throughout the UK. For more details visit www.knightstonecapital.co.uk.