BGF seems to be on an investment spree with its North West team having invested a total of £311 million in the region. The investment is spread through 34 different businesses. As per the recent news, a massive £59 million of the total investment has been made in a short period of past 12 months.
An Insight Into BGF’s Recent Investments
BGF’s recent investments include Orbital Education (international schools group), Planixs (FinTech company), and Joloda International that is a Merseyside based manufacturing firm with a promising growth rate. These investments have enabled BGF hit its £2 billion milestone. The investment company was also awarded with the deal of the year award at the Insider North West Dealmakers Awards 2019. The award was presented for BGF’s huge investment of £10 million in CurrentBody. CurrentBody is an online retail specialist based in Manchester that primarily deals in beauty devices for home use.
Apart from these prominent investments, the firm also made follow-on investments in four of its prominent businesses that it currently holds. These included Miss Group, web-hosting business, Woodall Nicholson, and Coachbuilding business. As per the sources, Miss Group has closed multiple acquisition deals in North America, Scandinavia, and Europe following BGF’s original investment in the company.
Woodall Nicholson and Coachbuilding business have also expanded their portfolios with acquisitions across Germany and the United Kingdom. Another of BGF’s investments, Kids Planet, has recorded significant growth for another year with it having expanded to as many as 44 nurseries. As of March, Kids Planet has also made an acquisition that marked its very first outside the North West region.
BGF’s North West team head, Neil Inskip’s Comments
BGF’s North West team head, Neil Inskip, recently stated:
“Our investments this year and portfolio in the region shows the North West business community is truly world class. We consistently meet entrepreneurs with global ambitions for their products, services and innovations. These are the high-potential businesses which fuel the growth economy. BGF’s role is to provide long-term, flexible capital to support the growth of businesses, based across the North West. We’ve continued to invest across a range of sectors from fintech to education, manufacturing and ecommerce – there’s a wealth of opportunity within the region.”
BGF has also expanded its investment team with the addition of James Marshall, Spencer Woods, and Joanne McTiffin. The new members are appointed at the Talent Network that works diligently to identify candidates that are suitable for the leadership positions like Chairperson and Non-Executive Director.