BGF injects £6m into Furniture Village

The fresh capital will enable Furniture Village to invest in new stores and develop its e-commerce platform.

BGF stated it was attracted to the deal by Furniture Village’s brand recognition and the company’s record of profitability.

The transaction is BGF’s second retail investment this year, having injected £2.8m into Birmingham-based Rutland Cycling in March. In December last year it also invested £5.6m in Scottish Optical retail chain Duncan & Todd and £3.2m in London-based arts material retailer Cass Art.

Company
Headquartered in Slough and founded in 1989, Furniture Village is a furniture retailer that primarily focuses on the sale of sofas. The company has 40 stores and a headcount of 760. It generates a turnover of £200m.

People
Peter Harrison is co-founder and CEO of Furniture Village. Jon Simon, a senior investment manager at BGF, will take a seat on the Furniture Village board. Joe Wilson and Rory Pope also worked on the deal for BGF.

Advisers
Equity – CMS Cameron McKenna (Legal).
Company – PwC (Corporate finance); Bracher Rawlins (Legal).

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