A growth capital investment firm has reported a strong first half of the year in the South West.
BGF, which operates across the 海角视频 and Ireland, said that it has deployed more than 拢40m 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: 鈥淲e have had a great start to the year, which is further testament to the strength of the region鈥檚 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鈥檚 challenging market.鈥
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New additions to the BGF portfolio include Exeter-headquartered Troy 海角视频, a network for industrial and engineering supplies, which received a 拢15.5m investment to support its acquisitive growth strategy.
As part of the deal, Troy appointed Simon King, a former chief executive of DIY retailer Wickes, as its new non-executive chair, following an introduction from BGF鈥檚 Talent Network to position the business for further expansion.
Bristol-based healthcare infrastructure firm, Archus has also been boosted by a 拢9m investment, while South West care home group BN Care has embarked upon a five-year growth journey following a total of 拢5m invested in the business since January 2023. The company has since acquired two new care homes in Dorset and Exeter, taking its portfolio to five premises.
Mr Dorbin added: 鈥淏GF鈥檚 mission is more important than ever and the deals we have done this year demonstrate the strength and resilience of the region.
鈥淎s well as completing more than 拢40m 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.
鈥淲e 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.鈥
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