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BGF invested £10m into Chemoxy in February 2015. Our funding supported the company’s growth, which included acquisition of new customers, expansion of technical capabilities and further development of its proprietary product range, most notably ChemoxyCare, an emollient in personal care creams.
During BGF’s investment, Chemoxy saw its turnover grow from £34m to £50m and increased its equity value by 44%. The business was acquired in June 2017 by a trade buyer, Novacap SAS, resulting in strong returns for all shareholders.
