Private investment firm BGF establishes Nottingham office

BGF Nottingham Directors - Jonathan Earl, Ian Downing and Seb Saywood

Private investment firm BGF has announced the launch of its East Midlands office, in Nottingham, as it continues to scale up its operations.

Located at City Gate East, Nottingham, the office will serve as a base to build even closer connections to businesses and advisors in the East Midlands.

The company, which provides capital to businesses with revenues typically between £5m and £100m in exchange for a minority, non-controlling stake, has already invested some £100m in companies across the region since 2011.

These include names such as: Chilwell-based property firm SDL Group, The Coaching Inn Group, GCI, Rutland Cycling and Johnsons Aggregates, to name but a few.

Earlier this month, BGF announced its latest investment of £10m into Nottingham-based ‘clean living’ meal company Muscle Food.

BGF investors Ian Downing and Jonathan Earl will relocate to the Nottingham office, joined by Seb Saywood from Foresight Group, who has more than 10 years’ experience working in the East Midlands investment community.

BGF has opened 11 offices across the UK & Ireland since 2011, including Nottingham and Birmingham, and employs a team of 150 investors, portfolio managers and support staff.

Ian Downing, BGF, said: “The launch of BGF’s Nottingham office signals our intent to provide capital to more businesses in the East Midlands.

“Having already invested almost £100m in the region, there is potential to do more to support businesses located here – from manufacturers and industrial services providers to tech, healthcare, hospitality companies and more.”

Seb Saywood, BGF, said: “I am delighted to be joining such an experienced and respected team who have an excellent reputation for being approachable, supportive investors.

“There is a strong emphasis on backing excellent management teams with a differentiated investment approach that includes making longer-term, minority investments. It is a very compelling proposition for ambitious businesses.

“Opening the East Midlands office demonstrates BGF’s confidence in a region that I know contains rich entrepreneurial talent and a very strong professional community.”

Adrian Thirkill, CEO of BGF-backed GCI said: “BGF brought something new and additive to the UK investment industry. Since 2012, they have provided GCI with cash to grow, guidance and professional support – without taking control.

“We’ve also been able to draw on their extensive network throughout each stage of GCI’s growth.”

To date, more than 70% of the £1.3bn BGF has been invested in companies outside London & the South East.