Global growth capital investor Beringea is to launch a new debt-based growth finance business with the appointment of Mark Taylor, founder Europe’s first venture debt business, EVP.
The business, structured as a limited partnership fund, will focus on a range of sectors such as communications & IT, biotechnology and medical devices, software and sevices, storage and security solutions, semiconductors, cleantech and other “high growth’ areas.
Whilst the principal focus will be the UK the business will be able to look at promising companies elsewhere, it said.
Taylor founded EVP for Dresdner Kleinwort Benson in 1998. After which Taylor created and manage Noble Venture Finance, with the launch of NVF I in 2003 and NVF II in 2007. NVF I & II together provided over £120m to some 46 companies throughout Europe including ApaTech, Complinet, Garlik, The Cloud and Ubiquisys.
He joins from National Australia Bank where he was a founder director of the growth finance business for their Clydesdale Bank and Yorkshire Bank.
Beringea has offices in London and Michigan, with a focus on media, healthcare and retail. Previous investments include Fjordnet, Monica Vinader and MergerMarket.
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