• Swindon & Wiltshire News
• Thursday July 13 2023
• Author Name: Peter Davison

BGF reports strong start to 2023 in the South West of England

Growth capital investor BGF has reported a strong first half of the year in the South West of England.

The BGF team has deployed more than £40 million across the region in the first six months of 2023.

Growth capital investments have been made across a diverse range of sectors, including technology, healthcare, engineering and manufacturing.

Ned Dorbin, head of BGF in the South West, said: “We have had a great start to the year, which is further testament to the strength of the region’s business community which continues to be a hotbed of entrepreneurial activity. We are proud to be backing so many brilliant businesses which are focused on growth, particularly in today’s challenging market.”

New investees to the BGF portfolio include Bristol-based healthcare infrastructure firm Archus, which has been boosted by a £9 million investment, while South West care home group BN Care has embarked upon a five-year growth journey following a total of £5 million invested in the business since January this year.

The company has since acquired two new care homes in Dorset and Exeter, taking its portfolio to five premises, as the demand for high-quality care for the region’s elderly continues to soar.

Earlier this year, BGF exited its investment in Trunki, the children’s ride-on suitcase brand, a decade after its original investment. Trunki has been acquired by Heroes, an e-commerce company.

“BGF’s mission is more important than ever and the deals we have done this year demonstrate the strength and resilience of the region,” added Ned.

“As well as completing more than £40 million worth of investments so far this year, BGF continues to provide a range of value-add services, providing portfolio companies with invaluable insight, counsel, and expertise to deliver on their growth plans.

“We are all very excited about the second half of 2023 as we look to partner with even more businesses across the South West of England to help them fulfil their potential.”