Scottish Equity Partners backs buyout at Tryzens
VENTURE capital group Scottish Equity Partners (SEP) has backed a management buyout at Tryzens, a technology outfit that helps customers including Ann Summers, John Lewis and Tesco to sell their goods online.
Tryzens’ managers are buying the business from Aim-quoted parent company Jaywings.
Andrew Davison, a partner at SEP, said: “We have been impressed with the technical innovation, in-depth business knowledge and creative vision of the management team. Our investment will help future growth by enabling the company to further promote its e-commerce solutions and build on its already strong reputation in the market.”
News of the deal comes just days after The Scotsman revealed that SEP has seen the value of its £2.5 million investment in flight price comparison website Skyscanner in 2007 soar to about £200m following last week’s investment by Sequoia Capital.