Loosemore Launches Private Equity Venture; MACKINTOSH CAPITAL SEEKS INVESTMENT OPPORTUNITIES
Byline: SION BARRY
ENTREPRENEUR Mark Loosemore has established a new private equity and business advisory firm looking to make investments of up to pounds 1m in companies.
Mr Loosemore, whose previous businesses include Cardiff legal training company Altior - which he sold in 2008 to US company Kaplan - has established Mackintosh Capital. Based in Cardiff, the firm has been set up with fellow partner Simon Clegg.
The other partner - although not in a day-to-day capacity - is Mr Loosemore's cousin John Loosemore.
The partners have invested their own money to create a fund, although longer-term they may look to raise finance for a fund.
Mr Loosemore said: "Between us we have enough [money] to get cracking."
"We are expecting to be pretty hands-on. This maybe advisory, in helping management teams. However, whatever our involvement, it will not be a case of putting some money in and then getting a report once a year."
Individually the partners have made a number of business investments.
Mr Loosemore has an equity stake in sports travel business InspireSport.
The firm's first investment has been made into Wound Solutions, which is developing technology to treat wounds like leg ulcers.
The company is currently going through regulatory trials. Mr Loosemore said there was potential, with further support, to bring the company to Wales from London.
Mr Loosemore has taken up a board position with the company, following its latest co-investment round of pounds 1m.
To date the partners in Mackintosh Capital have invested pounds 500,000 in the company.
Mackintosh Capital's strategy will be medium-term exits from investments, with returns going back into the fund. …