Scottish Equity Partners

Funding growth. Building value.

About Scottish Equity Partners

Scottish Equity Partners (SEP) backs the best high growth technology businesses across the UK & Ireland and beyond. It has €1 billion under management and one of the longest and strongest venture capital track records in Europe having invested in over 150 companies over the last 20 years.

Operating from offices in London, Glasgow and Edinburgh, SEP typically makes equity investments of up to £25 million across a range of sectors, with a particular interest in enterprise software, consumer internet and tech-enabled service businesses.

SEP builds value by playing an active and supportive role in the growth and development of its portfolio companies. Global travel search business Skyscanner is one of three SEP investments to have secured an exit of over $1bn in recent years and its current portfolio contains some of Europe’s most exciting and innovative companies including luxury fashion retailer Matchesfashion.com, data centre business Pulsant, language learning business Babbel, car finance provider Zuto and insurance technology specialist SSP.

SEP is six times winner of Venture Capital Firm of the Year at the Unquote British Private Equity Awards.

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Key info
Founded in:
2000
Headquarters:
London
Size:
51-200
employees
Parity:
10% employees
90% employees
Calum Paterson
Managing Partner

Calum Paterson is SEP’s Managing Partner and has led the firm since its inception. He is chairman of the SEP investment committee and works across the firm’s offices in London, Edinburgh and Glasgow.

Calum sits on the board of a number of SEP portfolio companies and was a member of the board of directors at travel-search company Skyscanner, prior to its £1.5 billion acquisition by Ctrip at the end of 2016.

Calum has worked in the private equity and venture capital industry since 1991. He trained as a Chartered Accountant with the global professional services firm, Ernst & Young. Calum has BA and MBA degrees from the University of Strathclyde in Glasgow and is a Fellow of the Royal Society of Edinburgh, Scotland’s national academy of science and learning.

In addition to his responsibilities at SEP, Calum is currently Chairman of the British Private Equity and Venture Capital Association (BVCA) for 2018/19 and sits on the BVCA Council. The BVCA has over 700 members, including over 300 fund managers and 120 institutional investors. and represents the interests of the industry across the UK.

Andrew Davison
Partner

Andrew leads the New Investments team at SEP and focuses on growth stage investments across the information technology sector. He has been involved in a significant number of deals over his 20 year career in technology investment.

He is currently non-executive director of Redwood Technologies Group, the UK-headquartered international provider of communications technology and cloud contact centre solutions (owner of cloud communications provider Content Guru) and led SEP’s recent £25 million investment in the company. Andrew also sits on the boards of cloud-based document collaboration company Workshare and insurance technology specialist SSP. He was non-executive director of luxury omni-channel fashion retailer Matchesfashion.com and was actively involved in the company’s strategy and growth prior to Apax Partners’ acquisition of a majority stake. Other recent deals include SEP’s investment in online car finance specialist Zuto.

Andrew spends the majority of his week in SEP’s London office where he has developed strong relationships with key advisors as well as technology entrepreneurs and non-executives.

David Sneddon
Partner

David, a Partner at SEP, heads up the firm’s portfolio and deal support team. He has almost 30 years’ experience in venture capital across a broad range of industry and technology sectors including software, semiconductors, oil and gas and renewables.

David helps drive value and manages exits across SEP’s portfolio. He currently sits on the board of independent data centre provider Pulsant, email marketing services provider Pure 360 and legal practice management software company Peppermint.

Recent realisations include Clavis Insight, the leading provider of cloud based commerce intelligence data quality performance management solutions for CPG manufacturers, Audiense a Software as a Service business which provides consumer insights and engagement to brands and agencies across Europe and Exco InTouch, a leading provider of patient engagement and data capture solutions for clinical research and healthcare providers which was sold to ERT in December 2016 representing one of the most successful exits for a UK venture capital backed business in the emerging digital health market.

David works across SEP’s offices in London, Glasgow and Edinburgh.

Stuart Paterson
Partner

Stuart, a Partner and co-founder of SEP, specialises in investments in consumer internet and enterprise software.

He is currently non-executive director of European online eyewear retailer Mister Spex and Berlin based online language learning business Babbel and has been instrumental in building up SEP’s presence and reputation in Germany. He also sits on the board of LoveCrafts and led the recent £26m investment in the company which creates online crafting communities. Stuart has a strong track record in consumer internet investments having led the original investment in travel search business Skyscanner when it had revenues of less than £1 million. In 2016 the business was sold to leading Chinese travel agency Ctrip for £1.4bn.

Other recent investments include legal Software as a Service business Peppermint Technology and SportPursuit, the online flash sales retailer for premium outdoor clothing and sports apparel.

Other notable investments include leading SEP’s investment in Bluetooth technology specialist CSR plc which subsequently listed on the stock market at a value of over £1 billion, becoming a FTSE 250 company.

Stuart works across SEP’s offices in London, Glasgow and Edinburgh.

Gary Le Sueur
Partner

A co-founder of SEP, Gary is predominantly focused on portfolio development and helps to oversee SEP’s clean energy and infrastructure funds as well as investor relations activities.

He currently holds board positions with independent gas transporter Indigo Pipelines, innovative solar energy business Solarcentury and clean energy installer and operator Vital Energi. Gary is also a non-executive director with Martin Currie Global Portfolio Trust plc and venture philanthropy organisation Inspiring Scotland.

Recent deals include Anesco, twice named the UK’s fastest growing private company, which was sold to a private equity purchaser in 2014, Hamsin Wind which is funding the installation of small, community based, single onshore wind turbines in high wind speed locations across the UK and Ardor Energy a developer of diversified small-scale head and combined heat and power projects.

Gary works across SEP’s offices in London, Glasgow and Edinburgh.

Jan Rutherford
Partner

Jan is a Partner at SEP with responsibility for new investments and investor relations activities and works closely with the limited partners across our funds.

With an operational and commercial background in the pharmaceutical industry, she leads SEP’s healthcare investment activities, with a particular interest in digital health.

Jan was heavily involved in SEP’s investment in BioVex, a cancer therapeutics company, and supported management through its sale to Amgen in a $1bn deal. She also led SEP’s investment in Exco InTouch, a leading provider of mobile patient communication and management solutions for clinical research and healthcare providers which was sold to ERT in December 2016 representing one of the most successful recent exits for a UK venture capital backed business in the digital health market.

Currently non-executive director of healthcare informatics business Aridhia and e-cancer screening tools development company Abcodia, she is also a Trustee of the National Deaf Children’s Society.

Headquarters
29 St George, London, W1S 2FA, United Kingdom