A new investment player is born.

Fresh from the recent sales of two Oilfield Services businesses in wellbore preparation and zonal reservoir isolation Steve Kent, Nigel Leggett, Robert Preston, John Hutchinson and Glynn Williams have come together to form a Limited Liability Partnership (LLP) that will invest in early stage technology businesses.
The partnership that will be known as Epi-V LLP, today officially announced that they have secured backing from Lloyds Development Capital (LDC) to invest £50million in early stage businesses which have developed innovative disruptive technologies for the Oilfield Services sector. Kevan Leggett, Regional Managing Director for LDC said, “this unique team have an impressive track record that will enable us to rapidly access a sector that we believe holds plenty of untapped value. The hands-on guidance that Epi-V will be able to give to the management teams of these early stage businesses, will ensure speedy commercialisation in an industry that traditionally is slow to adopt new methods.
An Investment business with a difference
The Epi-V team have leveraged their previous successes to develop an “entrepreneurship recipe”, this they believe will guide early stage businesses to overcome the numerous hurdles that besiege them when attempting to breakthrough into rigid industry practices.

Said Glynn Williams, the former CEO of Sensa and SPS International, and now a founding partner of Epi-V, “disruptive technologies given the right impetuous have the power dramatically produce improvements to current market practices, they can generate new product platforms from which new work streams are created. They are far removed from what the market would have experienced from a sustaining “incremental” innovation from the major service companies. We will provide Entrepreneurial Innovators, yes with financial support, but more importantly the necessary planning and implementation models that are critical if a breakthrough is to be achieved.”

Areas of focus

The Epi-V business model redresses the gap that has evolved in the Oilfield Services Venture Capital market, which has been caused by previous early stage supporters moving up the food chain to larger and less speculative investments. Epi-V are actively seeking to support early stage businesses that have secured initial grant or seed funding, and are now ready to begin the proof of concept journey and onto game changing market disruption. The partnership will be based near London and will have an initial mandate for Western European investments that have global deployment potential.

For biographies, interviews or further information please contact: Robert Preston, T: 0845 0780308 E: robertpreston@epi-v.com