Dutch investor Nimbus has announced plans to open offices in the United Kingdom as they launch their fourth fund. Nimbus has appointed investor Chris Clegg, a former partner at Endless, to chair their UK operations.
Clegg said: “I’m delighted to work with Nimbus to develop their UK ambitions. They are a unique investor with a very different approach to value creation, preferring longer-term partnerships with investee companies. Our initial focus will be the Northern Powerhouse and we hope to announce office openings in Leeds imminently and Manchester shortly thereafter.”
Clegg raised, launched and managed the Enact EIS Fund in Leeds in 2013, securing investment from Danny Mills, the former England football international amongst other high profile investors and plans to replicate the success with the Nimbus UK launch whilst continuing with his other Chairman commitments.
Chris Clegg will be supported by Alexander de Haas and Dirk Deneer, together with the recruitment of a senior figure in the North to be announced in the coming weeks. Further plans to build the team are underway with further expansion across the UK targeted for 2019.
Undeterred by the uncertainty of Brexit, managing partner of Nimbus, Ed van Dijk, said: ”We see the United Kingdom as presenting some excellent investment opportunities irrespective of Brexit. Our investment in Halo Foods in 2016 has been hugely successful and we believe the strength of our proposition and team will be well received in the mid-market. I’m delighted we’ve persuaded Chris to join us as UK Chairman and I am looking forward to announcing the opening of our first office in the UK.”
Nimbus was founded in 1999 with the aim of investing in mostly industrial companies requiring both capital and management support. Nimbus employs a team of 18 professionals that devote most of their time to helping their portfolio of investee companies to improve their business.
Having started out in The Netherlands, Nimbus expanded into Germany in 2001, where it now deploys around half of its capital. Being focused on industry, expansion into the UK is the next logical step for the company. Offices in Zeist and Munich will now be complemented with further offices in Leeds and Manchester.
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