BGF injects £10m into Extentia

The enterprise value of the business following the round remains undisclosed, though Extentia is anticipating EBITDA of around £16m for the year ending in June 2019, according to a statement.

The group is currently in the process of expanding its range of services into new sub-sectors, in addition to pursuing potential bolt-on acquisitions. According to the statement, it is aiming to increase its revenues from £230m in the current financial year, to £280m in the year ending in June 2020, and to more than £300m the following year, "excluding the impact of potential acquisitions".

Previous funding
BGF invested £3.3m in Styles & Wood (at the time a listed entity) in 2015. Two and a half years later, the business went private in order to merge with Southerns. BGF took a stake in the consolidated group, which was later rebranded as Extentia.

Company
Founded in 2018 and headquartered in Sale, Greater Manchester, Extentia provides property-related services including interior design, refurbishment and engineering, as well as design consultancy and facilities management for construction, real estate and corporate clients.

People
BGF – Matt Widdall (investor).
Extentia Group – Tony Lenehan (CEO).

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• Topics
• Expansion
• UK / Ireland
• Real estate
• United Kingdom
• BGF (Business Growth Fund)