BGF backs Bullitt with £3.5m

The fresh capital will allow the company to extend its products and brands, and expand into international markets.

The deal, signed at the end of 2012, was the GP's second investment of the year in the telecommunications industry, following a £10m capital injection into GCI Telecom Group.

Company
Founded in 2009 and based in Reading, Bullitt provides solutions to global brands looking to enter into the mobile or audio products markets. The company offers a range of services from product conception, to distribution and marketing.

Bullitt's customers include cellular distributors and telecoms carriers, which then sell the firm's products to end users across 32 countries. Products include high durability mobile phones.

Bullitt has offices in Reading, UK, Shenzhen in China and in the US. The firm employs 30 members of staff.

People
The investment was led by James Austin, Paul Oldham, Ned Dorbin and Alex Garfitt.

Advisers
Equity – Shoosmiths (Legal); The Objectivity Partnership (Financial due diligence); Grant Thornton (Tax).
Company – Osborne Clarke (Legal); Princelet Partners (Corporate finance).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• Expansion
• Support services
• United Kingdom
• BGF (Business Growth Fund)
• Grant Thornton
• Osborne Clarke