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Brightstar sells minority stake to private investment firm

by: Samantha Partington and Victoria Hartley
  • 20/07/2015
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Brightstar sells minority stake to private investment firm
Brightstar has a sold a minority stake in its company to private investment firm, Omni Equity Partners, and will appoint a member of Omni to its senior ranks as a non-executive director.

Omni Equity, headquartered in London, is a private investment vehicle operated by Omni Partners a global investment manager specialising in the alternatives market.

CEO of Brightstar Rob Jupp (pictured), said the tie up with Omni Equity will provide the business with support from a company which has an invaluable experience of investment across many areas of the specialist lending market.

Jupp, the two-time British Mortgage Award winner, said that it would be ‘business as usual’ for Brightstar in terms of its direction and business model, but he welcomed any additional support which Omni Equity could offer.

“As a trailblazing business it’s crucial that we partner with the right pedigree of investor and we are genuinely delighted to have Omni Equity Partners working with us,” said Jupp. “We know they will help our business achieve even greater heights and keep Brightstar at the cutting edge of the UK specialist lending market.”

Omni Partners’ strategy is to identify niche investment opportunities and support businesses which it believes are leaders in their fields.

“Our investment in Brightstar adds to similar recent investments we have made across fast-moving, entrepreneurial businesses in growing sectors,” said a spokesperson for Omni Partners.

“The UK specialist market has got real momentum and Brightstar is well positioned in a range of growth markets. We have been impressed with the quality of Brightstar’s intermediary relationships and we look forward to working with Rob and his management team to help shape future opportunities supporting the next phase of company growth,” they added.

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