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BGF company logo
Growth Equity
FINANCE | Investment Firms & Funds
bgf.co.uk

Investments

460

Portfolio Exits

104

Funds

3

Partners & Customers

1

Service Providers

3

About BGF

BGF (Business Growth Fund) is an active investor in small and medium-sized companies. It supports a range of growing companies - early stage, growth stage, and quoted - across every region and sector of the economy. The company was founded in 2022 and is based in London, U.K.

Headquarters Location

13-15 York Buildings

London, England, WC2N 6JU,

United Kingdom

+44 (0)20 7340 0600

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Latest BGF News

Roc Partners tows Vic Business Growth Fund into Skyline Building Group

Sep 3, 2023

Share The Victorian Business Growth Fund, which is managed by Sydney private equity investor Roc Partners, has cut a cheque for insurance repair specialist Skyline Business Group. Victorian Business Growth Fund’s latest investment, Skyline Building Group, is like a mini Johns Lyng. Glenn Hunt It is understood VBGF/Roc have bought a majority stake in Skyline, which specialises in providing insurance-funded repairs to buildings. Its founding family is expected to stay invested and involved in running of the business, as a part of a deal signed on August 31. Sources said Roc had its Melbourne-based investment director Anna Ellis leading the deal. It tapped KPMG and Minter Ellison for advice. Skyline’s family owners were advised by boutique advisory EP Advisors and law firm Marshalls Dent Wilmoth. Skyline has been around since 2016 and is a panel provider for several insurers. Its insurance repairs division picks up work at residential, strata and commercial buildings. The emergency make-safe unit provides technicians capable of responding to fire, flood, storm, burglary and other insurable events around the clock. It also provides restoration services such as water extraction, structural drying and mould remediation. The business sits on the smaller end of the fragmented insurance building repairs industries, where big names include Johns Lyng Group, which is capitalised at $1.8 billion on the ASX. But with Roc’s expertise and the Victorian Business Growth Fund’s backing, Skyline should have greater leverage among similarly sized players. Advertisement The Victorian Business Growth Fund is a 10-year fund, which was endowed with $250 million to invest in small-to-medium enterprises. It targets companies with $5 million to $100 million annual revenue, near-term positive cashflow, and less than $250 million in assets – that find it difficult to get capital to grow. The government appointed Roc as the independent fund manager for the fund, entrusting it with all investment decision-making.

BGF Investments

460 Investments

BGF has made 460 investments. Their latest investment was in Stellar Omada as part of their Seed on September 9, 2023.

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BGF Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/28/2023

Seed

Stellar Omada

$5.45M

Yes

2

9/26/2023

Seed VC - II

Machine Discovery

$5.47M

Yes

1

9/14/2023

Growth Equity

The Avoca Clinic

$7.52M

Yes

2

9/5/2023

Growth Equity

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10

9/4/2023

PIPE

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$99M

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10

Date

9/28/2023

9/26/2023

9/14/2023

9/5/2023

9/4/2023

Round

Seed

Seed VC - II

Growth Equity

Growth Equity

PIPE

Company

Stellar Omada

Machine Discovery

The Avoca Clinic

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Amount

$5.45M

$5.47M

$7.52M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

1

2

10

10

BGF Portfolio Exits

104 Portfolio Exits

BGF has 104 portfolio exits. Their latest portfolio exit was Amdaris on August 17, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/17/2023

Acquired

$99M

3

7/5/2023

Asset Sale

$99M

2

7/5/2023

Merger

$99M

1

7/5/2023

Acquired

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$99M

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10

5/23/2023

Acq - Fin

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$99M

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10

Date

8/17/2023

7/5/2023

7/5/2023

7/5/2023

5/23/2023

Exit

Acquired

Asset Sale

Merger

Acquired

Acq - Fin

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

2

1

10

10

BGF Acquisitions

3 Acquisitions

BGF acquired 3 companies. Their latest acquisition was Majenta PLM on July 06, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/6/2018

$99M

Acquired

1

3/26/2018

Growth Equity

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$99M

$99M

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10

8/18/2016

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$99M

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10

Date

7/6/2018

3/26/2018

8/18/2016

Investment Stage

Growth Equity

Companies

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Valuation

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired

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Sources

1

10

10

BGF Fund History

3 Fund Histories

BGF has 3 funds, including Business Growth Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/14/2017

Business Growth Fund

$294.87M

1

6/1/2015

BGF Startup Fund

$99M

10

UK Enterprise Fund (UKEF)

$99M

10

Closing Date

11/14/2017

6/1/2015

Fund

Business Growth Fund

BGF Startup Fund

UK Enterprise Fund (UKEF)

Fund Type

Status

Amount

$294.87M

$99M

$99M

Sources

1

10

10

BGF Partners & Customers

1 Partners and customers

BGF has 1 strategic partners and customers. BGF recently partnered with First Derivatives on December 12, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

12/5/2017

Partner

Ireland

BGF & First Derivatives support AuditComply

A high-growth software company headquartered in Belfast has become the first business to benefit from technology and investment as part of the strategic partnership between First Derivatives and BGF .

8

Date

12/5/2017

Type

Partner

Business Partner

Country

Ireland

News Snippet

BGF & First Derivatives support AuditComply

A high-growth software company headquartered in Belfast has become the first business to benefit from technology and investment as part of the strategic partnership between First Derivatives and BGF .

Sources

8

BGF Service Providers

7 Service Providers

BGF has 7 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Growth Equity

Accounting Firm

Tax

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Service Provider

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Associated Rounds

Growth Equity

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Provider Type

Accounting Firm

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Service Type

Tax

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Partnership data by VentureSource

BGF Team

4 Team Members

BGF has 4 team members, including , .

Name

Work History

Title

Status

Stephen Welton

CCMP Capital Advisors, TV Travel Shop, Barclays Bank, Equistone Partners Europe, and Panorama Capital

Founder

Current

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Name

Stephen Welton

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Work History

CCMP Capital Advisors, TV Travel Shop, Barclays Bank, Equistone Partners Europe, and Panorama Capital

Title

Founder

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Status

Current

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