JON Moulton has bought a controlling stake in venture capital and professional development firm E-Synergy.
The private equity guru will buy 58 per cent of the Belfast-based company, which also has operations in the East Midlands and Scotland, for an undisclosed sum.
E-Synergy specialises in working with entrepreneurs to help them maximise returns out of their businesses, particularly early-stage technology firms.
He told City A.M. he will not take a hands on role at the company, saying he has “every confidence” in the current management. He said: “I have been involved for a long time as a small shareholder. I believe there is scope for improvement in its operations.”
Moulton, who acted as a judge in this year’s City A.M. awards, resigned as head of Alchemy Partners, the firm he founded 12 years ago, after a spectacular bust-up with his partners.
He formed Better Capital just weeks later, raising £142m when he floated it on Aim and a further £67m stepping up to the main market just six months later.
The firm bought the iconic Reader’s Digest out of administration and acquired aerospace manufacturer Gardner for £20m.