The firm has been shortlisted for the Private Equity Team of the Year category, following a stellar year for Livingbridge’s Manchester office. In total, the firm completed five deals worth a combined £700m in the region, including three transactions finalised during lockdown.
Alongside this, the firm’s exit and reinvestment into Sykes Cottages in October 2019 has been nominated for Deal of the Year (£50m+). Since the initial investment in 2015, Livingbridge has supported the business with 12 bolt-on acquisitions, increasing the total number of properties managed from 5,000 to over 17,500. This includes the firm’s first international acquisition – the purchase of New Zealand-based Bachcare in 2019.
Deals completed during the year also include the exit and reinvestment in M247, as well as investments in Titan HQ, Nationwide Hire and Chill Insurance.
Xavier Woodward at Livingbridge, said: “It’s extremely pleasing for the team to have been nominated for their efforts this year. We have seen a hugely challenging, but successful, 12 months in the Manchester office, completing two exits and three new investments, as well as reinvesting in both Sykes Cottages and M247 to help both management teams continue their growth journeys.
“We remain committed to supporting our portfolio in the North as they look to maximise their growth opportunities following the recent uncertainty, as well as keeping an eye out for potential new investments.”
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