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BGF continues North West expansion

BGF News 01.15.2018

BGF, the UK & Ireland’s most active investor in growing businesses, is continuing its expansion in the North West as it moves offices to One Marsden Street, Manchester.

The move follows the completion of recent investments into Cheshire-based A Pearson Group, the UK’s largest grower of tomatoes, and European Breaking Systems, a manufacturer and seller of air brake and vehicle control systems headquartered in Trafford.

These recent deals bring the total BGF investment by North West team to more than £170m. This includes £30m provided to companies already in its portfolio to support new opportunities for growth, including acquisitions and store rollouts.

Recent follow-on investments were made into Hale-headquartered High Access Maintenance to support the acquisition of AA Access, and Hobs Reprographics, which has 3D printing studios in Manchester’s Northern Quarter.

Situated in a Grade A building with views across the Manchester skyline, BGF’s new 3,545 sq ft office space has been transformed by BGF as part of a complete fit out. The office, which is home to a team of investors and support staff, includes areas for meetings, formal and informal networking and dinners.

BGF has also recently expanded its team with the appointment of Harry Jones. Harry joined BGF from the Varkey Group, a large corporate headquartered in Dubai with a focus on education investments around the world

Before that, Harry worked at NorthEdge Capital and began his career at Deloitte where he qualified as a Chartered Accountant, spending over four years in Corporate Finance M&A Advisory.

Andy Gregory, BGF says: “BGF has firmly established a presence in Manchester, and our network continues to grow in and around the city. The new office and the continued growth of BGF’s team and portfolio reflects our commitment to the region, and the strength of the opportunity here.

“We look forward to welcoming the management teams and non-executives we work with, as well as our wider network, to our new offices. We encourage them to use space as a modern and convenient location to conduct their own meetings and events.”

BGF’s Manchester team was established in 2011 to provide investment into growing small and mid-sized businesses, and has become a fixture in the North-West’s business community. The team backs more than 20 businesses in the North West including nursery group Kids Planet and leisure company TD4 Brands, which recently announced plans to accelerate the rollout of The Shake Lab.

Andy Gregory continues: “Across the UK, we are continuing to scale-up BGF’s operations – we have now invested in over 200 companies and provided total funding of more than £1.3bn. Our long-term, minority investment model has disrupted the funding market. As we continue to grow, there is even greater potential to support even more business in the North West.”

During the past six years, BGF has become the top investor in scaleup companies according to a report published by the Scaleup Institute and Beauhurst. The data also found that scaleup companies using equity investment grow faster than those which do not.