BGF completes successful exit from Victorian Sliders

BGF has completed a successful exit from Victorian Sliders®, the Welsh company behind the market-leading ECOSlide® sash windows. The business has been acquired by Inwido, a major pan-European windows and doors conglomerate, generating a strong return of 3.2 x MM and an IRR of 36%.

Since BGF’s £14 million investment in 2021, and further £4 million follow-on investment in 2023, Victorian Sliders® has delivered significant growth from its headquarters in Ammanford, Carmarthenshire. It’s become the UK’s largest manufacturer and supplier of uPVC sliding sash windows, renowned for energy efficiency and authentic period aesthetics. The company’s sales revenue has increased from £19 million in the year before BGF’s investment to £33 million.

Under the leadership of CEO Nick Evans, and with value creation expertise from BGF, Victorian Sliders® has grown to employ 280 people, across depots and sales locations throughout the UK and Ireland. Through this period of growth, the business has been guided by the strategic leadership of Mark Huxtable, who joined the board as Chair, at the time of BGF’s investment.

Victorian Sliders® is the UK’s only fully integrated, specialist manufacturer of uPVC sash windows. Demand is being driven by the replacement of ageing timber windows, as well as the need for tasteful, heritage-style alternatives in conservation areas. The company has benefited from rising interest among homeowners and landlords seeking cost-effective, durable and energy-efficient solutions – particularly as household energy prices remain high.

Now in its twentieth year, Victorian Sliders® operates from a state-of-the-art production facility, manufacturing around 1,750 windows each week, supported by a dedicated hardware manufacturing site in Foshan, China. In 2025, the business achieved ‘Secured by Design’ certification and the internationally recognised ISO 9001 quality accreditation, alongside the launch of a new ECOSlide® Flagship Window, designed and engineered by its dedicated in-house innovation team.

BGF’s ESG team has championed Victorian Sliders’ unique commitment to the circular economy, within its vertically integrated manufacturing process, across extrusion, cutting, glazing, assembling and recycling. Currently, 30% of input materials for the windows are from recycled sources.

The deal was led by investors Edwin Davies (Board Director of Victorian Sliders®) and Hannah King in BGF’s South West and Wales team. Exit advisory support was provided from Kroll (Investment Banking), Grant Thornton (Vendor Financial Due Diligence), CIL (Vendor Commercial Due Diligence) and Hugh James (Legal).

Dafydd Evans, Managing Director at Kroll, said: “We are delighted to have advised both BGF and the management team on the successful sale of Victorian Sliders to Inwido, Europe’s leading supplier of windows and doors. BGF has a strong track record of partnering with management-owned businesses, and we look forward to seeing Victorian Sliders continue to grow under Inwido’s ownership. This transaction further reinforces Kroll Investment Banking’s position as a leading advisor in the building products sector, and highlights our deep expertise in executing cross-border transactions.”

The exit from Victorian Sliders® adds to a series of recent, successful exits for BGF, including BB7, Monodraught, OrganOx, Braidwater Group and Brisant Secure. Together, these transactions demonstrate the breadth of BGF’s portfolio and the strength of its long-term partnership model, which supports ambitious management teams in achieving both commercial success and lasting impact.