Luke Johnson backs Beer & Partners

Private equity investor and former Channel 4 chairman Luke Johnson has acquired a stake in business angel network Beer & Partners.

The deal means Johnson is now the largest single investor in Beer, with a stake of 27.4 per cent. It will ‘give him a direct route to… the 100-strong portfolio of small businesses that Beer & Partners works with annually’, according to the firm.

Johnson maintains that angel investment is now ‘the only realistic option for early-stage companies’.

He adds, ‘Currently banks are barely open for business, or tend to offer loans on unattractive terms, so the need for equity capital [for early-stage businesses] is greater than ever. What’s more, since current low interest rates give savers such poor returns, more and more angel investors are emerging that have a strong appetite for direct investment in small companies.’

Beer & Partners was founded in 1991 and boasts some 1,600 ‘active investors’ who club together to provide equity injections into companies of between £150,000 and £2 million.

Nick Britton

Nick Britton

Nick was the Managing Editor for when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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Early Stage Funding