Private investment vehicle Omni Equity Partners has bought a minority stake in distributor Brightstar.
Omni Equity is operated by Omni Partners, an alternatives investment manager. A partner of Omni Partners will join Brightstar’s leadership team as a non-executive director and representative of Omni Equity.
Rob Jupp (pictured), CEO of Brightstar, said: “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.
“We know they will help our business achieve even greater heights and keep Brightstar at the cutting edge of the UK specialist lending market.”
In a statement Omni Partners said: As a global business we continue to identify niche investment opportunities supporting businesses recognized as leaders in their fields. Our investment in Brightstar adds to similar, recent investments we have made across fast moving, entrepreneurial businesses in growing sectors.
“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.”