Business Growth Fund

Supported by five of the UK’s leading banks, BGF is a £2.5bn private equity fund which invests in British businesses with fast-growth prospects…

Fund name: Business Growth Fund Plc (BGF)
Investor category: Private equity
Based in: London
Website: www.businessgrowthfund.co.uk

Description:

Launched in 2011 with backing from five of the main UK banks including Lloyds, Barclays, HSBC, RBS and Standard Chartered.

Investment criteria:

The BGF focuses investments on fast-growth small and medium-sized UK businesses with revenues of £5m to £10m and can offer long term funding of up to 10 years. It backs both privately-owned and AIM-listed companies and its initial investments typically range between £2m to £10m in return for a minority equity stake and board seat. While the private equity firm isn’t sector specific it doesn’t invest in businesses in the property and financial services industries. With more than 50 investments to date, it looks for companies that have the potential to become household names with a good track record, proven business model and desire to grow.

Size of fund:

£2.5bn

Portfolio company:

In July last year, BGF made one of the largest investments in a UK business of 2014, investing £10m in boutique gym chain Gymbox. The growth capital was intended to help the gym venue expand its sites across London and the UK and saw BGF investment director Alistair Brew join the company’s board. Launched in 2001 by Richard Hilton, the Gymbox’s gyms have a “unique” approach to exercise including classes with live DJ’s and UV lights.

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