Dealflow | August 24, 2021

Bridges Fund Management sustainable growth fund completes three exits in three months

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, August 24 — The three companies created about £170 million ($233.7 million) in market value under Bridges’ ownership, according to the U.K.-based impact investor.

Bridges last month sold a majority stake in Wholebake to Elysian Capital. It initially invested in the Welsh ethical gluten-free snacks manufacturer in 2014. It sold a majority stake in second-hand book retailer World of Books to private equity firm Livingbridge in June.

Pet health care

Bridges launched The Vet with founder Jane Baldwin in 2013. It sold the company to Europe’s animal care giant CVS Group.

The Vet provides access to low-cost veterinary services for low-income pet owners, and during COVID, created a lower-cost telehealth product for customers.