We first backed Somerset-based Nonwovenn in 2016, with a multi-million-pound funding round. Following this initial investment, we supported the fabric technology business through a period of significant growth, which saw annual turnover increase from £19 million in 2016 to £46 million in 2025. During this time, Nonwovenn’s management team built a loyal customer base, providing consistently high levels of service and product development.
In late 2025, after a successfuly nine-year partnership, we exited our investment in the business. Nonwovenn was acquired by CorpAcq, an Altrincham-based business acquisitions compounder, backed by TDR Capital. The exit delivered outstanding returns of 8.4x MM and an IRR of 29% for BGF.
