Endless, evo shareholder and one of the UK’s leading private equity businesses, has reinvested and recommitted to evo.
In tandem with the evo Refinancing, Endless has increased to £11m the facilities provided to evo for a further 3 years.
Andrew Gale, evo CEO, says, “Endless is an excellent investor and partner and the right backer for evo during this stage of the development of the business. Endless has delivered on my ask to support the business. This is a two-sided investment – time and money – and both are important. When combined with our refinancing, this positions evo strongly for the next three years.”
James Woolley, Endless partner added, “We asked Andrew what he required from Endless, and we are pleased to have delivered. We are likewise very pleased with the material improvement in evo’s recent performance under Andrew’s leadership and our reinvestment and recommitment to the evo business reflects our belief in the business. We are very positive about the future for evo.”