Business Growth Fund

Business Growth Fund is an influential investor in small and mid-sized businesses. It was set up in 2011 to offer growing companies and ambitious entrepreneurs patient capital and strategic support. With 14 offices, they are close and relevant to the businesses they invest in. They have grown to a team of 150+ and a network that’s made up of one of the largest pools of board-level executives. Collectively, the companies in their portfolio employ close to 50,000 people. They want to see more entrepreneurs using their capital not only to scale-up their own business but also, collectively, to drive economic activity and with it increase employment, exports, and growth.

Tim Bittleston

Chairman

Olly Cutting

Investor

David Gammie

Investor

Paddy Graham

Investor

James Skade

Investor

Hannah Waters

Investor

Past deals in Oil and Gas

Glacier Energy

Venture Round in 2024
Glacier Energy Services provides specialized engineering and offshore solutions tailored for both the oil and gas industry and broader energy sectors. The company focuses on serving renewable and conventional energy markets by offering a range of services, including the design and manufacture of portable machine tools, on-site machining, weld overlay of surfaces, heat transfer, non-destructive testing, and subsea wellhead equipment. Through these offerings, Glacier Energy supports its clients in their transition toward cleaner energy solutions.

Ambisense

Venture Round in 2021
Ambisense Ltd. is a Dublin-based company, founded in 2008, that specializes in designing and manufacturing gas monitoring instruments and networks for the Internet of Things (IoT) market. The company has been a leader in environmental innovation since 2014, focusing on optimizing environmental risk assessments for major infrastructure projects across various sectors, including industrial, oil and gas, and waste management. Its technology platform, Ambilytics, integrates IoT and machine learning solutions, utilizing information from field devices along with contextual data from sources such as weather, satellite, and geophysical data. This enables the development of machine learning models that uncover hidden relationships and patterns within the data, allowing clients to better forecast and predict the behavior of environmental pollutants.

SPEX Group Holdings

Venture Round in 2019
SPEX Group (“SPEX”) provides innovative technology solutions and services to the global oil and gas industry. Its unique, process-driven approach, based upon intelligent efficiency, generates innovative solutions for clients at an accelerated pace but with no compromise on quality.

Amazon Filters

Private Equity Round in 2018
Amazon Filters Limited is a manufacturer and distributor of microfiltration filter cartridges and bespoke filter housings, established in 1977 and based in Camberley, United Kingdom. The company provides a range of filtration products, including filter cartridges and capsules, bag filters, and filter housings, tailored to meet the needs of various industries such as food and beverage, oil and gas, pharmaceuticals, automotive, and chemicals. By focusing on quality and customization, Amazon Filters delivers effective filtration solutions to its diverse clientele.

Frontrow Energy Technology

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 in the energy sector. The company specializes in well-related technology, offering solutions such as well intervention systems, completion products, subsea well access, and well control systems. Additionally, Frontrow is committed to improving drilling performance and safety, enabling the oil and gas industry to address both current and future challenges. With plans to expand its resources and infrastructure, the company also seeks to foster the development of emerging technology companies within the region's energy industry.

MPK Garages

Debt Financing in 2016
MPK Garages, a Leicester, UK-based independent operator of forecourts the majority of which are freehold and located on trunk or major roads. The business is targeting both freehold and leasehold properties and plans to add up to 20 more sites over the next two years. The existing estate operates under two brands, Texaco and Gulf, while its Londis branded retail offering features Costa Coffee and Subway facilities.

M-Flow Technologies

Private Equity Round in 2015
M-Flow Technologies aims to be the go-to provider of Multiphase metering and monitoring for the new era in upstream oil and gas production.

3sun Group

Venture Round in 2014
3sun Limited, through its subsidiaries, provides hydraulic, control, and instrumentation products and services to the oil and gas sector worldwide. Furthermore, it offers skilled technicians for the installation and servicing of wind turbines on and offshore applications; onsite testing and inspection services for oil and gas, and renewable assets; and technical and vocational training services in United Kingdom and Europe. 3sun Limited was founded in 2006 and is based in Great Yarmouth, United Kingdom.

SPEX Group Holdings

Venture Round in 2014
SPEX Group (“SPEX”) provides innovative technology solutions and services to the global oil and gas industry. Its unique, process-driven approach, based upon intelligent efficiency, generates innovative solutions for clients at an accelerated pace but with no compromise on quality.

Inoapps

Venture Round in 2013
Inoapps Limited is a consultancy and service provider specializing in Oracle applications, technology, and hardware. Established in 2006 by Andy Bird, the company initially focused on the oil and gas sector but has since diversified its offerings to serve various industries, including engineering and construction, financial services, and the public sector. Inoapps provides a range of products and services, including mobile solutions for workforce management, plant hire modules, and HR rostering systems. Additionally, the company offers asset management solutions and integration tools for legacy systems and Oracle cloud applications. With a strong emphasis on implementation, customization, and training, Inoapps has established a reputation as a leading Oracle reseller and service provider, recognized as Oracle’s ‘Accelerate Partner of the Year’ for the EMEA region. Headquartered in Aberdeen, the company operates additional offices in Edinburgh, Derby, London, Houston, Kuala Lumpur, and Singapore, catering to clients both in the UK and internationally.

Aubin Group

Venture Round in 2013
Aubin Group is globally recognised as a leading developer and supplier of chemical solutions to the oil and gas industry with manufacturing, stocking and office locations in the UK, USA and various regions in the Middle East. The company commits resources to developing effective and reliable products and delivering these promptly to clients around the world. Using chemistry in a number of ways, Aubin develops innovative and proprietary materials technology to solve industry problems.

Magma Global

Series B in 2013
Magma Global Ltd. specializes in designing and manufacturing advanced subsea pipes, particularly its flagship product, m-pipe, which is engineered for demanding applications such as risers, jumpers, and flowlines in deepwater environments. The company’s offerings include carbon fiber and composite pipes, which possess anti-corrosion properties and high fluid flow rates, facilitating the efficient transfer of hydrocarbons, gas, and water. Additionally, Magma provides pipe rental services and solutions for light well intervention and freestanding risers. With a global reach, Magma serves the oil and gas industries and collaborates strategically with TechnipFMC. Founded in 2008 and headquartered in Portsmouth, United Kingdom, Magma Global also maintains offices in the United States, Angola, and Saudi Arabia.

SHS Integrated Services

Venture Round in 2012
SHS Integrated Services Limited is a UK-based company specializing in industrial services across the petrochemical, oil, power, and gas sectors. Established in 1998, the company focuses on long-term maintenance contracts in oil refineries and silicon plants, alongside short-term projects in various petrochemical and utility sites. Its services include the erection of stacks for unit engineering, access and egress contracts for electrical and instrumentation installations, and live work on grids. Additionally, SHS Integrated Services is involved in the construction of diverse projects, including hotels, residential units, libraries, hospitals, and commercial buildings. The company also provides demolition scaffolding, rope access, rescue services, and confined space work. Its industrial insulation services encompass thermal, cryogenic, acoustic, fire protection, and tank insulation, along with heat tracing and sheet metal fabrication. Furthermore, the company offers HVAC insulation services, including thermal insulation and bespoke solutions for valve and flange covers. SHS Integrated Services Limited rebranded from its former name on March 22, 2013.

M Squared Lasers

Venture Round in 2012
M Squared Lasers is a manufacturer of advanced lasers and photonic instruments designed to enhance capabilities, reliability, and usability across various industrial and scientific sectors. With over twenty years of experience, the company specializes in harnessing the power of light to drive innovation and facilitate cross-sector partnerships. Its product offerings cater to diverse industries, including manufacturing, oil and gas, space technology, and healthcare. M Squared's technology plays a significant role in breakthroughs in fields such as dementia research, cancer diagnosis, and whiskey maturation. By providing cutting-edge solutions, M Squared Lasers aims to address complex challenges and accelerate advancements in multiple applications.

STATS Group

Venture Round in 2012
STATS Group is a specialist engineering company focused on piping and pipeline integrity and maintenance. The firm provides a wide array of products and services that facilitate piping and pipeline isolation, intervention, inspection, repair, connection, and testing. Notably, STATS Group offers innovative pressurized isolation tools, including leak-tight double block and bleed isolation through advanced hot tapping and plugging services. Their solutions cater primarily to the oil, gas, and petrochemical industries, ensuring safe and efficient maintenance and repair of onshore, topsides, and subsea pipeline infrastructure.

M Squared Lasers

Venture Round in 2012
M Squared Lasers is a manufacturer of advanced lasers and photonic instruments designed to enhance capabilities, reliability, and usability across various industrial and scientific sectors. With over twenty years of experience, the company specializes in harnessing the power of light to drive innovation and facilitate cross-sector partnerships. Its product offerings cater to diverse industries, including manufacturing, oil and gas, space technology, and healthcare. M Squared's technology plays a significant role in breakthroughs in fields such as dementia research, cancer diagnosis, and whiskey maturation. By providing cutting-edge solutions, M Squared Lasers aims to address complex challenges and accelerate advancements in multiple applications.
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