John Davies has joined Pitalia Capital to launch a new investment fund in response to increased demand for capital and support from small to mid-sized businesses across the UK.

The firm, which is part of the Pitalia group of companies and funded by entrepreneur Anil Pitalia, will seek to invest across a diverse portfolio of ambitious businesses. This will include early-stage companies looking for growth capital to scale, as well as backing management buyouts of mid-sized firms.

It will focus on flexible deal structures, enabling its team to support a broad range of businesses by deploying up to GBP10 million per transaction, and it intends to support companies across a diverse range of sectors.

With more than 20 years’ experience in the venture capital, private equity and corporate finance industries, Davies joins Pitalia Capital from Seneca Partners. Over the last six years he has supported several of the firm’s most successful investee companies in his role as investment director. This includes digital business communications specialist Mission Labs, which it exited in March in a deal valued at more than GBP40 million, providing a 4.2x return to investors.

Read more/Source: Private Equity Wire