ReSolve has signed a partnership with Roundshield to launch a £100m SME-focused investment fund that will help and invest in businesses hit by Covid-19
The business investment and advisory practice Resolve has announced a new partnership with European investment institution Roundshield to launch a £100m small and medium-sized enterprises (SME) fund that ReSolve will use to invest in businesses that have been affected by the Covid-19 pandemic.
ReSolve has a successful track record of investing in UK-based enterprises that require working capital and access to both short and long-term finance. This new partnership with Roundshield will increase ReSolve’s ability to assist businesses seeking support and investment.
Cameron Gunn, senior partner at ReSolve, said: ‘The substantial increase in firepower which we have just achieved means we can bring strength and resources to good but financially challenged businesses. We welcome all opportunities and look forward to helping the country’s SMEs, which are the backbone of the UK economy.’
The challenges and uncertainty brought about by Covid-19 pandemic have led to companies needing services such as corporate finance and simplification, restructuring, refinancing and investment.
Following investment, ReSolve acts as a partner with the investee company and works alongside the management team to help fulfil its plans and ambitions as well as maximise opportunities.
Ken Browne, partner at ReSolve, added: ‘The current economic environment means there are many viable SME businesses which find themselves in an existential crisis due to the double whammy of Covid-19 and Brexit.
‘We quickly invest cash and help implement a business plan thereby enabling management to stabilise the organisation, deliver solid performance, and build for the future, whether this involves divestment, rescue or redeveloping the business model. We take a hands-on approach and we are there to build value, not extract it.’