Bestport Ventures LLP, through Bestport Private Equity, finalized the management buyout of Hilditch Group Ltd.
U.K.-based Hilditch Group, which recently expanded into Germany, France and Spain, specializes in the management, auctioning and recycling of medical equipment. The company aims to use the new funding to further expand internationally, including in the U.K.
The transaction marks the first investment for Bestport Fund II LP and the first co-investment for West Country Capital Ltd.
West Country Capital's Ashley Levinson and Bestport's Ole Bettum joined Hilditch's board as chairman and nonexecutive director, respectively.
