BGF successfully exits investment in Unique X

BGF has announced the successful exit of its investment in Unique X, a leading provider of digital cinema software solutions and services.

The Manchester-based business has secured new investment of up to $80 million from Kartesia, a European provider of capital solutions for SME companies.

BGF originally backed Unique X in December 2018 with a £15 million investment to enable the business to invest in new technologies, expand its suite of products and grow its customer base globally.

During our investment partnership, the business has scaled significantly, nearly trebling EBITDA from the point of investment to exit. The deal provides a successful exit in full for BGF.

Unique X’s software is currently deployed in 42,000 cinema screens across 90+ countries. Every year, the Company delivers over 200,000 movies and 1.1 billion advertising spots worldwide. Unique X’s end-to-end solution digitises cinema management, with SaaS modules enabling centralised control over every aspect of film exhibition.

The new investment from Kartesia will act as a further catalyst to Unique X’s continued ambition for global expansion. This will include the launch of new products and technologies, with significant growth into new territories.

Spencer Woods, Investor at BGF, said: “Unique X has proved incredibly resilient over the last seven years, successfully evolving its products, winning significant new contracts, and achieving impressive international growth.”

“We’re proud to have supported the company during this period. It’s another great example of the strength of BGF’s investment model which allows us to form long-term, minority-led partnerships with ambitious businesses looking to scale. This exit has delivered a strong return on our investment, and we wish the business all the best on the next stage of their journey.”