BGF injects £5.3m into Pureprint

The fresh capital will fund Pureprint’s acquisitive growth strategy and enable it to invest in new technology.

The business’s family owners Mark Handford and Bridget Massey will retain a majority stake, while Andy Nash - chairman of Brand Addition and ICA Digital - has been appointed as non-executive chairman.

BGF stated it was attracted by the business’s management team and its recent investment in equipment, technology and recruitment.

Company
Headquartered in Uckfield and founded in 1926, Pureprint is a provider of sustainable printing and packaging services. The business has a headcount of 275 and generated a turnover of around £40m in the year to December 2014. Its clients include Mulberry, Victoria Beckham, Rolls Royce, BP and Oxfam.

People
Jon Simon is a senior investment manager at BGF. Joe Wilson and Alistair Brew also worked on the deal for the GP. Mark Handford is chief executive of Pureprint.

Advisers
Equity - BDO (Corporate finance); Stevens & Bolton (Legal).
Company - Gunnercooke (Legal).

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