Advising WestBridge on investment in Techex

Our longstanding client and private equity house, WestBridge, has invested in UK cloud and video over IP specialist Techex.

Capital Law’s corporate team – including Tom Kelleher, Gareth Williams-Davies, Angelina Drljaca-Chandler, Cath Golledge, Hakeem Din, and Ella Brace – as well as banking, commercial and employment law experts from across the firm, advised WestBridge on this investment from their highly successful second fund.

The deal backs Techex’s managing director, Richard Bailey, who has overseen the company’s growth alongside a highly experienced management team. All will remain actively involved and will be joined by non-executive chair Mark Sutherland, and new finance director Dominic Ely.

Tom Kelleher, who leads Capital Law’s corporate team said:

This is the 16th investment we have supported WestBridge on, and their biggest so far. Once again, they have shown to be an attractive partner for strong management teams. Richard, Camilla and their team had already developed Techex into a market leader – now, with the support from Mark and Dominic as well as WestBridge’s backing and experience, they are ideally positioned for further growth while continuing to deliver a best in class service to their clients.

Tim Whittard, Partner at WestBridge, said:

Techex has all the hallmarks of a WestBridge transaction. It is a leader in a growing niche market on a global stage, has delivered strong historic growth with even more exciting potential for the future and has an ambitious management team that is keen to develop the significant opportunities the market presents.

Together with Mark and Dominic, we are delighted to be able to partner with Richard, Camilla and the whole Techex team and look forward to the exciting journey ahead.

This transaction was a real team effort and as ever Capital Law were right at the heart of that successful team. It was a pleasure to work with them again.

You can read more about the deal here.