Business Growth Fund

Business Growth Fund, established in 2011, is a prominent investor in small and mid-sized businesses, offering patient capital and strategic support to growing companies and ambitious entrepreneurs. As the UK and Ireland’s most active investor in small and medium-sized companies, they have £2.5bn to support businesses across various sectors and regions. With 14 offices, they are closely connected to the businesses they invest in. Boasting a team of over 150 professionals and a network of board-level executives, they aim to drive economic activity by enabling entrepreneurs to scale up their businesses and contribute to increased employment, exports, and overall growth. The companies in their portfolio collectively employ close to 50,000 people, highlighting their significant impact on the business landscape.
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Tireni Ajilore

Investor

Dennis Atkinson

Investor

Aaron Baker

Investor

James Baker

Investor

Keith Barclay

Investor

Euan Baxter

Investor

Josh Bean

Investor

Simon Blackaby

Investor

Chris Boyes

Investor

Graham Clarke

Investor

Olly Cutting

Investor

Rhys Davenport

Investor

Edwin Davies

Investor

John Devine

Investor

Ned Dorbin

Investor

Fiona Dornan

Investor

Ian Downing

Investor

Lucy Edwardes-Jones

Investor

David Gammie

Investor

Alex Garfitt

Investor

Gemma Hamilton

Investor

Nathan Heath

Investor

Joe Higgins

Investor

Nick Holder

Investor

Tom Horton

Investor

Rob Johnson

Investor

Harry Jones

Investor

Chris Jones

Investor

Kamel Kasem

Investor

Zahir Kasmani

Investor

Elena Kovalikhina

Investor

Aoife McAdam

Investor

Thomas McDonnell

Investor

Valerie McGrane

Investor

Pinesh Mehta

Investor

Chris Morgan

Investor

Mark Nunny

Investor

Guy Pope

Investor

Richard Pugh

Investor

Liam Pursall

Investor

Tim Rea

Investor

Nigel Rudd

Chairman

Rahul Satsangi

Investor

Sebastian Saywood

Investor

Lauren Sharpe

Investor

Bethany Shiers

Investor

James Skade

Investor

Joanne Smith

Investor

Alex Snodgrass

Investor

Daina Spedding

Investor

Georgina Stratton

Investor

Adele Sung

Investor

Mark Sykes

Investor

James Syrotiuk

Investor

Daniel Tapson

Investor

Jack Teasdale

Investor

Elliot Vickerstaff

Investor

Hannah Waters

Investor

Spencer Woods

Investor

Past deals in Scotland

Speedy Freight

Private Equity Round in 2021
Speedy Freight is a logistics company that specializes in dedicated same-day courier services across the UK. It offers a range of services, including freight transportation, express delivery, and parcel collection. By focusing on safe and secure delivery, Speedy Freight ensures that its customers can transfer goods efficiently and affordably, meeting the urgent needs of individuals and businesses alike. The company is committed to providing reliable solutions for time-sensitive logistics requirements, positioning itself as a key player in the fast-paced delivery market.

The Paint Shed

Venture Round in 2020
The Paint Shed is a retailer of paint, painting supplies and decorating tools serving independent painters, decorators and consumers, offering a wide range of branded trade paints and accessories through its e-commerce site and network of stores to enable customers to buy professional-grade products for DIY and professional projects.

Waracle

Venture Round in 2019
Waracle Ltd. is a mobile and web application development company based in Dundee, United Kingdom, founded in 2007. It specializes in creating innovative software solutions that cater to various industries, including retail, healthcare, education, finance, and energy. Waracle offers a comprehensive range of services, including app ideation, development, optimization, and marketing, with the goal of enhancing client engagement and operational efficiency. The company collaborates with notable clients such as the NHS and Virgin Money, focusing on projects that deliver significant social impact. With a team of around 300 experts, Waracle combines technology, design, and product thinking to craft digital experiences that improve lives and contribute positively to society. As a subsidiary of Exception Limited, Waracle continues to pursue missions that empower clients to leverage data-driven insights for better decision-making and outcomes.

SPEX Group Holdings

Venture Round in 2019
SPEX Group Holdings Ltd is a specialized provider of energetics products and services for the global oil and gas industry, focusing on subsea and downhole environments. Founded in 2009 and based in Dyce, United Kingdom, the company develops innovative technology solutions, including a custom-built supercomputer named Claymore, which is utilized for finite element analysis and computational fluid dynamics. SPEX offers a range of engineering services such as consultancy, bespoke mechanical design, advanced analysis, draughting, and testing. Additionally, the company provides precision-engineered solutions and specialist machining services tailored for oilfield customers. Its offshore solutions encompass cutting tools, explosive and non-explosive services, downhole explosive audits, and advisory services related to decommissioning and wellhead abandonment. Through its process-driven approach, SPEX aims to deliver efficient and high-quality solutions that support the health and safety of operations while promoting business growth for its clients.

Parklands Group

Venture Round in 2018
Parklands Group is a prominent care company established in 1993 in Buckie, recognized for its commitment to quality elder care. As one of the largest independent care home providers in northern Scotland, the company operates eight locations across Moray and Highland, providing nearly 300 care placements. Employing approximately 550 staff members, Parklands Group offers a variety of services including nursing, personal care, palliative care, and specialized support for individuals with physical or mental disabilities. The care options range from permanent residency to short-term respite stays, accommodating various needs such as holiday breaks and recovery after hospital stays. Through its comprehensive approach, Parklands Group aims to deliver tailored care for the local communities it serves.

Walker Precision Engineering

Venture Round in 2018
Founded in 1979, Walker Precision Engineering specializes in high-precision manufacturing services. It offers CNC machining, grinding, tool room, plating, painting, NDT, assembling, testing, and design/build project services. The company serves diverse markets including defense, aerospace, telecommunications, optronics, space, and nuclear sectors across Scotland, England, and Poland.

CHS Healthcare

Series C in 2018
CHS Healthcare is a provider of hospital discharge management and specialist continuing healthcare services, focused on enhancing patient flow and care pathways within the healthcare sector. The company collaborates closely with the NHS and social care systems to deliver innovative solutions aimed at improving the discharge process and overall patient care. CHS Healthcare also offers mental health assessments and data management services, which assist families and patients in making informed decisions about care options. By prioritizing patient needs and facilitating smoother transitions from hospital to home, CHS Healthcare aims to support individuals in living their lives to the fullest.

Walker Precision Engineering

Venture Round in 2018
Founded in 1979, Walker Precision Engineering specializes in high-precision manufacturing services. It offers CNC machining, grinding, tool room, plating, painting, NDT, assembling, testing, and design/build project services. The company serves diverse markets including defense, aerospace, telecommunications, optronics, space, and nuclear sectors across Scotland, England, and Poland.

ROVOP

Private Equity Round in 2017
ROVOP Ltd is an independent provider of subsea remotely operated vehicle (ROV) services, catering to the oil and gas, offshore wind, telecommunications, and power transmission industries both in the United Kingdom and internationally. Founded in 2011 and headquartered in Aberdeen, with an additional location in Houston, Texas, ROVOP offers a comprehensive range of services. These include support for drilling and construction, inspection, repair, and maintenance of subsea infrastructure, as well as ROV services for cable and pipe laying. The company also provides decommissioning services, which involve visual inspections, debris removal, and onsite support. ROVOP is committed to delivering expert knowledge and operational flexibility to meet the diverse needs of its clients.

Entier

Venture Round in 2017
Entier is Scotland's largest independent contract catering and support services company, based in Aberdeen. It provides catering, housekeeping, maintenance and hospitality services to oil and gas, education and business sectors, and operates cafes; it also serves corporate events, private functions and weddings, offering bespoke menus to suit diverse themes and budgets.

FrontRow Energy Technology Group

Venture Round in 2017
FrontRow Energy Technology Group is a Scottish developer focused on providing upstream oil and gas services aimed at reducing costs and enhancing performance within the energy sector. The company specializes in various aspects of well-related technology, including well intervention systems, completion products, subsea-well access, and well control systems. Additionally, FrontRow emphasizes drilling performance and safety enhancement to address the evolving challenges faced by the oil and gas industry. Through its initiatives, the company seeks to expand its resources and infrastructure while fostering the development of emerging technology companies within the region's energy landscape.

Campion Homes

Private Equity Round in 2016
Campion Homes is a family-owned housebuilder based in Scotland, specializing in the construction of luxury residential properties, including both private and affordable homes. The company emphasizes the importance of location, striving to create living spaces that are not only aesthetically pleasing but also energy-efficient and cost-effective to maintain. Campion Homes manages a diverse portfolio of housing developments, ranging from large, phased projects to individual residences, ensuring that clients have access to well-designed homes that meet their needs for comfort and efficiency.

Keenan Recycling

Seed Round in 2015
Founded in 2003, Keenan Recycling specializes in organic waste collection and treatment services for businesses, private customers, and local authorities across Scotland. The company collects food and garden waste, processes it through shredding and screening, and recycles the materials into BSI accredited compost products used in agriculture, horticulture, and landscaping.

ROVOP

Venture Round in 2015
ROVOP Ltd is an independent provider of subsea remotely operated vehicle (ROV) services, catering to the oil and gas, offshore wind, telecommunications, and power transmission industries both in the United Kingdom and internationally. Founded in 2011 and headquartered in Aberdeen, with an additional location in Houston, Texas, ROVOP offers a comprehensive range of services. These include support for drilling and construction, inspection, repair, and maintenance of subsea infrastructure, as well as ROV services for cable and pipe laying. The company also provides decommissioning services, which involve visual inspections, debris removal, and onsite support. ROVOP is committed to delivering expert knowledge and operational flexibility to meet the diverse needs of its clients.

SPEX Group Holdings

Venture Round in 2014
SPEX Group Holdings Ltd is a specialized provider of energetics products and services for the global oil and gas industry, focusing on subsea and downhole environments. Founded in 2009 and based in Dyce, United Kingdom, the company develops innovative technology solutions, including a custom-built supercomputer named Claymore, which is utilized for finite element analysis and computational fluid dynamics. SPEX offers a range of engineering services such as consultancy, bespoke mechanical design, advanced analysis, draughting, and testing. Additionally, the company provides precision-engineered solutions and specialist machining services tailored for oilfield customers. Its offshore solutions encompass cutting tools, explosive and non-explosive services, downhole explosive audits, and advisory services related to decommissioning and wellhead abandonment. Through its process-driven approach, SPEX aims to deliver efficient and high-quality solutions that support the health and safety of operations while promoting business growth for its clients.
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