Pitalia Capital is launching an equity fund worth £50 million that will be used to provide smaller companies throughout the UK with the cash that they need to grow.

A total of £10 million from this fund can be used in one transaction with a business, and the companies that receive money from it will be able to use it to give financial muscle to expansion plans or to finance buyouts by management. This will depend on whether the company in question is mid-sized or still small-scale in its operations.

Pitalia has brought in John Davies from Seneca Partners to act as the Managing Partner in charge of its investment in UK small businesses. He brings experience totalling over two decades within the worlds of business funding, private equity and venture capital to this role.

This experience will be invaluable for Pitalia, just as the experience offered by accountants from Goole or any UK region is for small firms looking at financing options.

Speaking to Small Business about the fund, Davies stated that:

“What makes Pitalia Capital different is our personal approach to investment. We want to back great people who share our values, and it’s as much about who they are as an individual as it is about the business they run.”

Davies went on to add that the fact the money in the fund would be coming from Pitalia itself, rather than from outside investors, meant it would be less restricted than its rivals in the private equity field.