Pan-European private equity investor Bridgepoint yesterday took a 40 per cent stake in MVF, one of the UK’s fastest-growing tech firms.
The buyout specialist has paid just under £20m for the shareholding in MVF, a company that helps businesses target and acquire online companies.
MVF came top of the The Sunday Times Tech Track 100 in 2013, a list of the country’s fastest-growing private technology firms. “MVF has already expanded rapidly thanks to its strong points of difference and a management team with a proven track record in the online lead generation sector,” Robin Lawson, director of Bridgepoint Development Capital, said.
“We believe that growth will continue to accelerate as the business deepens its presence in existing industry sectors, adds new ones and expands internationally.”
Cavendish Corporate Finance advised on the deal.