BGF invests in Grace Cole
Business Growth Fund (BGF) has invested a multi-million pound sum in Grace Cole, an English brand for bath, body and beauty products.
The company stated that BGF's investment will be used to develop new products, support entry into new markets and drive expansion in its existing markets in the US, Europe, the Middle East and the Asia Pacific region.
BGF invests growth capital in small and medium-sized businesses. It initially provides £2-10m, with potential additional funding at a later stage. BGF is backed by UK banking groups Barclays, HSBC, Lloyds, RBS and Standard Chartered, but is managed autonomously by an independent management team.
Company
Founded in 2007 and headquartered in Cheshire, Grace Cole is a UK-based manufacturer of bath, body and beauty products, which are sold in department stores and pharmacies. The company stated it exports to more than 80 countries worldwide.
People
Grace Cole – Tracy Mort (CEO).
BGF – Neil Inskip, Pinesh Mehta (investors).
Advisers
Equity – Squire Patton Boggs (Legal).
Company – Addleshaw Goddard (Legal).
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