The deal comes just over two-and-a-half years after Westbridge picked up AJM through a management buyout.
AJM provides services to more than 30 clinical commissioning groups, making it one of the UK’s leading providers of integrated wheelchair contracts.
Livingbridge made the investment through its small cap Enterprise 3 fund, which reached a £334m final close in 2019.
WestBridge closed its £140m second fund in the summer of 2019 – a raise which saw the firm smash its initial hard cap of £100m.
AltAssets revealed last September that the firm is targeting £200m for Westbridge III, which it expects to launch during the second half of this year.
Westbridge typically invests between £10m and £20m in established and profitable UK SMEs.
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