01
Who am I actually dealing with?
The partners you meet evaluate the opportunity, make the investment decision and stay with you on the journey.
Independent investors in UK businesses
The people you meet are the people you partner with.
We invest alongside management teams we believe in. The partners who get to know you and your business are the people who make the decision — and remain alongside you afterwards.
See how we work ↓Why Bay Tree
Good investors should enable management to make better decisions, not slow them down.
Investment criteria
£2–10m
EBITDA
Established businesses.
Room to grow.
We typically invest in privately owned, entrepreneurial UK businesses generating between £2m and £10m of EBITDA.
What it feels like to work with us
The people in the room
make the decision.
02
What happens after the deal?
Management continue to run the business. We endeavour to bring support, challenge and experience, especially concerning tough decisions. However, we try to avoid interfering or dictating.
03
Who else comes with Bay Tree?
Where it will add value, we select a Chair or NED whose experience fits the business. They invest their own money alongside us and take an active board role.
Why our structure matters
We are not under pressure to put a fund to work. We can spend our time on businesses we genuinely believe in — and walk away from those we do not.
We select institutional investors for each opportunity. We start with the business and build a bespoke investment team to support it, rather than starting with a fund. This brings alignment and conviction from your investors.
Selected investments
Four businesses.
Four different reasons to invest.
Healthcare · MBO · 2026
Medicare
Clinical insourcing services to the NHS, specialising in practitioner-led diagnostic imaging.
Explore the investment ↗
Healthcare · MBO · 2024
ABL Health
Community-driven health and wellbeing services for NHS and local authority commissioners.
Explore the investment ↗
Industrial distribution · MBO · 2023
Hawco
Technical components and solutions for refrigeration, air conditioning and industrial markets.
Explore the investment ↗
Specialist distribution · MBO / Growth · 2019
Prime Light
Value-added distribution of lighting and control components, with technical-led customer solutions.
Explore the investment ↗People
Three partners.
One relationship.
Experienced investors, directly accountable for the decisions we make and the partnerships we build.
Advisory Partners
Experience we can call on.
Our Advisory Partners bring perspective and challenge. They are separate from the Chairs and NEDs we may select for an individual investment.
For management teams
You should know exactly who you are choosing.
Taking private equity investment changes the ownership of your business and the people around the board table. We believe the relationship should be clear before the deal is signed — not discovered afterwards.
Start a conversation ↗
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