Scottish Equity Partners

High growth business in the tech, science or health sectors? Take a look at well established venture capital fund SEP...

Fund name: Scottish Equity Partners (SEP)
Investor category: Venture capital
Based in: Glasgow but also has offices in London and Edinburgh
Website: http://www.sep.co.uk/ 

Description:

Established in 1991, SEP is a well known venture capital fund which focuses on growth businesses but also invests in early-stage companies with “outstanding potential”. It also manages secondary and infrastructure finance funds for the energy sector via a partnership with SSE plc.

Investment criteria:

SEP makes equity investments of up to £20m in innovative, high-growth businesses – particularly those in the health, science and tech sectors. It typically looks to back businesses which are at, or close to, profitability, have a proven product or service and are operating in a large or growing market. Its current portfolio consists of over 35 companies but it has had over 110 exits to date. It looks for businesses with a similar potential to its portfolio companies which includes Skyscanner and MATCHESFASHION.com.

Size of fund:

Approximately $942.5m.

Portfolio company:

SEP often makes investments in university spin-outs and last year led a £3m deal in University of Strathclyde spin-out Silent Herdsman. A specialist in wearable technology, Silent Herdsman, as its names suggests, monitors livestock cattle using high-tech behavioural collars which trigger alerts to a farmer’s mobile device when there is a change in activity. It then helps farmers better manage productivity and profits by identifying factors such as when the animal is at its sexual peak.  On its investment, SEP partner Stuart Paterson said Silent Herdsman was tapping into to a “market opportunity of over $1bn per annum”.

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