BGF invests £6m in Amdaris

BGF encountered the business in 2019. It has taken a minority, non-controlling position.

As part of the investment, Paul Brennan has been appointed as non-executive chairman. Brennan has previously worked with PE-backed businesses and has experience in M&A from a corporate career that began at IBM.

The fresh capital will be used to explore strategic acquisitions and organic growth.

Company
Headquartered in Bristol, Amdaris employs 200 developers and averaged 40% revenue growth per annum over the past three years to £7.2m, according to a statement. The firm's key sectors of operation include real estate, recruitment, education, financial services and energy. Founded in 2009, the company also operates offices in Romania, Moldova and Dubai.

People
BGF – Alex Garfitt (investor).
Amdaris – Vlad Nanu, Andy Rogers (co-founders).

Advisers
Equity – Osborne Clarke, Simon Jones, James Taylor, Hannah Stevens (legal); EY, Karen Kirkwood, Edd Murphy, Helena Dowell (tax).
Company – TLT, Nina Searle, Andrew Webber (legal).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• BGF (Business Growth Fund)
• Osborne Clarke
• EY (Ernst & Young)