BGF has invested £10m in Ocee Design, a supplier of contemporary commercial furniture, to support the acquisition of Danish furniture designer Four Design.
The combined business, Ocee International Group, will focus on expansion across the European and global export markets.
Under the leadership of Chief Executive Alistair Gough, Northampton-based Ocee Design more than tripled its turnover in six years to become a significant player in the UK commercial furniture market. With showrooms in Northampton and London, the business employs 85 staff, 50 of whom are engaged in the assembly of furniture.
Four Design is a modern furniture company with sales throughout Europe and manufacturing partners in North America, China and Australia. BGF’s funding will be used to scale the company’s operations in the UK and internationally, with Ocee now benefiting from a permanent base in Denmark.
To support the next phase of growth, Steve Halbert joined the board as Non-Executive Chairman. Steve was previously head of UK M&A at KPMG and former Chair and Executive Chair of GVA Grimley. His current Chairman roles include Inflexion backed Alcumus, National Accident Helpline and Safestyle UK.
The investment was led for BGF by Mark Freer and James Syrotiuk.