PEStore

Growth Equity

Kester Capital

Kester Capital takes minority stakes in growing companies, usually without full control, from London, United Kingdom. It states a focus on software & internet and healthcare & life sciences.

Capital raised$417macross 2 SEC-filed vehicles
Most recent fund2025filing since 2023
HeadquartersLondon, United Kingdom
Largest single fund$363m

SEC filings

What Kester Capital has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed2
Total capital raised$417m
Largest single vehicle$363m
Filing history2023 to 2025
Smallest accepted commitmentNone stated
Filed fromUNITED KINGDOM

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Kester Capital is registered

Registered with the SEC as an investment adviser, and incorporated in the United Kingdom.

Adviser statusExempt reporting adviser
Regulatory assets under managementNot reported by an ERA
Private funds advised6 · $332m gross
SEC adviser numberCRD 174588
Companies House numberOC323239
Incorporated2006-10-17
Register statusActive
Officers on the register2

An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.

Portfolio

Disclosed holdings

Companies Kester Capital lists on its own website. No investment years are published.

CompanyInvestedYears heldRecorded transaction
Addresscloud
AgriBriefing
Atec Group
Avania
DC Byte
Evestia Clinical
Frontier Medical Group
GXP Engaged
Kintiga
Nutritics
Optibrium
Re-flow
Rephine
The Boundary
VIXIO

Compiled from Kester Capital’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.

For owners

Own a software & internet business?

The investors on this page acquire companies like yours. A confidential valuation costs nothing, commits you to nothing, and nobody is told you asked.

Request a confidential valuation

For investors

Is this Kester Capital?

Claim this profile to correct anything wrong and tell us what you are looking for. We will send matching opportunities as they arise.

Claim or correct this profile

Targeted buyer search

Which hundred of these would actually buy your business?

A researched shortlist with a verified deal-team contact for each, and the reason it is on the list. Fixed fee, from $1,450 - or we make the approach for you and hand you the conversations.

See how it works

Comparable investors

Similar mandates

Other growth equity investors active in software & internet.