Private Equity specialists from Foot Anstey have advised BGF (Business Growth Fund) on its multi-million pound investment in BFF Nonwovens, to help with its national and international expansion plans.
Based in Bridgwater, Somerset, the company specialises in the production of high quality, bespoke technical fabrics for niche markets. Its products have a range of different end uses including filtration, packaging, acoustics and advanced wound care. BFF has invested in its manufacturing facilities to provide capacity across all of its product lines in both its Bridgwater and Bolton sites. Across the group, the business currently employs over 160 people and generates revenue in excess of £20m and is actively considering acquisitions in the UK and across Europe.
Foot Anstey Partner Matt Stoate said: "We were pleased to successfully execute another transaction for BGF. In our opinion, this deal demonstrates the flexibility BGF can bring to an investment structure, working well with Bank finance and meeting the needs of a growing business and management team. We were delighted to play our part in pulling this all together." Our wider private equity team, including Henry Humphreys, senior associate and Adam McKenna, associate worked on the transaction.
BGF’s Ned Dorbin, who joins the board of BFF, said: “By focusing on quality and technical excellence, BFF has become a business of significant scale and reputation. We are pleased to be backing an exceptionally strong management team who have a clear business plan in place. And, we are delighted to be helping yet another company in the South West of England to pursue its growth ambitions.”
David Lamb, BFF added: “After a busy and sustained period of growth, we are delighted to be scaling up the business even further with BGF on board. BGF’s approach to minority investing means that we keep control of the running of the business while benefiting from their network, long-term financial backing and support.”