News
BGF successfully exits fabric tech business Nonwovenn
The Somerset-based business has been acquired by TDR Capital-backed CorpAcq, following a period of significant growth, in partnership with our team.
7 January 2026
BGF has completed a successful exit from Nonwovenn, the world-leading fabric technology company, headquartered in Bridgwater, Somerset. The business has been acquired by CorpAcq, an Altrincham-based business acquisitions compounder, backed by TDR Capital, delivering an 8.4x money multiple (MM) and an internal rate of return (IRR) of 29% for BGF.
Founded in 2003 by current Chair David Lamb, Nonwovenn manufactures and supplies bespoke technical fabrics for niche markets. The company has a strong focus on harm reduction, with its product range including materials for protective clothing and wound treatment.
Following an initial multi-million-pound investment in 2016, BGF has supported the business through a period of significant growth. Nonwovenn increased its annual turnover from £19 million in 2016 to £46 million in 2025, and has continued its strong growth into 2026. It has now celebrated 19 consecutive years of profit and is a significant exporter of goods.
“We’re proud to have delivered such consistent growth and strong profitability over two decades, whilst remaining committed to maintaining the highest quality and customer satisfaction across our product lines. Partnering with BGF has been instrumental in maximising our potential – enabling us to strengthen innovation, diversify product lines, and expand internationally. We’re excited to build on these strong foundations in our next phase of growth, as part of CorpAcq.”
David Lamb
Chair of Nonwovenn
The company is a major employer in Somerset, and recently invested a further £1.5 million in research and development, to enhance its CBRN (chemical, biological, radiological and nuclear) protective solutions.
Stuart Kissen, Head of Acquisitions at CorpAcq, said: “Nonwovenn is an outstanding business with a leading market position, strong growth prospects, and a highly experienced management team. We see significant opportunity in the fabric technology space, and are looking forward to establishing a long-term partnership with David and his team, as Nonwovenn enters the next stage of its development.”
The exit was led for BGF by Paul Oldham, and supported by Louis Hall from BGF’s Bristol team, with Alantra providing CF advice to the Nonwovenn shareholders.
“Nonwovenn has gone from strength to strength, since our initial investment in 2016, reflected in the outstanding returns delivered for BGF. This impressive management team has built a loyal customer base by providing consistently high levels of service and product development. Our nine-year partnership with the business has been hugely enjoyable and successful, and I look forward to seeing how the team builds on their success, with the backing of CorpAcq.”
Paul Oldham
BGF Portfolio team
This exit adds to a series of recent successful exits for BGF, including Victorian Sliders®, Fairgame, 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.
