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Heligan Investments backs research company

Heligan Investments has supported the management buyout of a research company focused on identifying and exploiting vulnerabilities in software and hardware.

The Birmingham-based firm has acquired a minority stake Interrupt Labs.

Headquartered in Basingstoke, Interrupt Labs operates in the US and has identified new international markets for expansion.

Via its first fund, Heligan Private Equity I LP, Birmingham-based Heligan supported the management buyout of the business from a listed international software group. 

Its focus is to support the expansion of the company’s services and its entry into new markets.  

Dr Tim Grasby, managing partner of Heligan Investments, said: “Just a few weeks after the launch of our maiden fund, we’re delighted to complete this second investment.

“As an independent business following the transaction, Interrupt Labs has been able to unlock considerable growth opportunities within the UK and internationally.

“The management team at Interrupt Labs have been exceptional and we’re excited by the prospect of helping them deliver the opportunities available to the business.”

James Loureiro, chief executive of Interrupt Labs, added: “Heligan has been exceptionally supportive in our management buyout and provided us with the opportunity to develop world-class services to support our customers in achieving their ambitious objectives. 

“We believe in delivering outstanding customer-centric results which aligns with Heligan’s values and are looking forward to our partnership together.”

Advisers who worked on the deal were not disclosed.