Livingbridge has invested in used motorbike dealer and finance broker Superbike Factory.

The deal is the latest made out of the firm’s £220m (€241m) Enterprise 2 fund, which closed in 2015.

Superbike Factory, which was established in 2010, employs 89 staff and operates its business both online and with its physical showroom in Macclesfield, Cheshire. The company has more than tripled its sales over the last two years, according to information provided by Livingbridge.

Livingbridge investment director Nick Holder said the company was a “compelling investment opportunity” which over the last seven years has “built a disruptive, digital-first retailer in a traditional market, which is winning because it is delivering the service that buyers and sellers of used motorbikes want.”

The firm’s investment will be used to support the opening of a new Superbike Factory site in the South of England, alongside marketing initiatives, staff opportunities and increased services for customers.

Livingbridge was advised by Deloitte, DWF, Javelin and BDO while Superbike factory turned to KBS Corporate Finance and TLT.

Superbike Factory is the latest recent investment from Livingbridge. Last month the private equity firm backed robotic automation services provider Symphony Ventures with a £3.5m investment. Logistics business Carousel, which is backed by Livingbridge, acquired Germany-based LSI Logistiks creating a pan-European player.