Catapult enters the film world
PRIVATE equity firm Catapult has led a £1.2m investment round into Glasgow-based BioFilm Holdings.
Birmingham and Nottingham-based Catapult has invested in the developer and manufacturer of thin, dissolving film-based products alongside existing investor Tate & Lyle Ventures.
Originally a subsidiary of Devro plc, BioFilm was the subject of a management buy-out in December 2007. The company is now Europe’s leading producer of dissolvable thin film for use in the nutraceutical, cosmetics, woundcare, pharmaceuticals and wider medical professions.
This was the fifth investment in the last 12 months from the Catapult Growth Fund. This is a £30m fund which invests between £500,00 and £2m. Its investors include the Department for Business, Enterprise and Regulatory Reform and local authority pension funds.
