BGF invests £2.65m in Monodraught

The fresh capital will be used to develop a complete commercial ventilation and cooling product portfolio, which will allow Monodraught to move into new markets.

BGF has also introduced Ewan Wilson to the company as non-executive chair. Wilson is former managing director of cabling systems company HellermannTyton Data.

Company
Headquartered in High Wycombe, Monodraught designs, manufactures, installs and maintains energy-efficient ventilation, cooling and lighting systems. The business works predominantly in the education sector and its clients include UCL and the University of Nottingham.

People
BGF – Mark Nunny (investor).
Monodraught – Andrew McCubbin (managing director).

Advisers
Equity – WK Corporate Finance, Dan Nixon (financial due diligence); EMW, Simon Arkell, Faye Meredith (legal).
Company – Taylor Walton, Simon Hughes (legal).

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• Topics
• Expansion
• UK / Ireland
• Industrials
• BGF (Business Growth Fund)
• United International Bank (UIB)
• Venture