Peter Tom’s Bay Capital debuts on LSE
New investment company looking to buy and build businesses across number of related sectors
BAY Capital, a new investment company led by former Breedon Group chairman Peter Tom CBE, were listed on the London Stock Exchange (LSE) last week, with the aim of acquiring or investing in industrial, construction and business services companies, and the software and technology companies which service them.
The company, which has raised £7 million to fund initial operations, has a strong network of contacts through which opportunities will be sourced and which are expected to include private companies, listed business, or divisional/non-core carve-outs from conglomerates.
Bay Capital chairman Peter Tom said: ‘We believe there are excellent opportunities to create high-quality returns for investors by using our platform to buy and build businesses across a number of related sectors.
‘The Bay Capital team has significant experience of implementing growth strategies, a disciplined acquisition approach and a high-quality network of partners and contacts through which we expect to source proprietary opportunities. We’re a capable and experienced partner for incoming management teams and offer an attractive alternative supporting their growth.
Mr Tom added: ‘We are encouraged by the positive response we have received from investors, many of whom are enthusiastic about our plans and ready to support our growth strategy.’