Panoramic Growth Equity, one of the leading equity investors in entrepreneurial companies, had announced its GBP1.8 million investment in Andante Travels, the market leader in archaeological travel in the United Kingdom.
The investment is the fifth one conducted by the Enterprise Capital Fund I of Panorama Growth Equity. The final closure of the fund was held last September 2010 with an oversubscription worth GBP34 million.
This was the first investment conducted by Panorama after its exit from renewable energy distribution firm Solfex Energy Systems. According to David Wilson, partner at Panoramic Growth Equity, "We are delighted to be making this investment with Ian Finlay in Andante Travels. Andante has successfully established itself as the market leading provider of archaeological travel and has consistently delivered strong performance. Widely recognised by customers, journalists and the archaeological community, it enjoys a high level of repeat business and consistently scores highly in its customer feedback surveys. The business will grow significantly this year and with further targeted investment, should continue that trend in years to come."
Join the Conversation