Twitter LinkedIn
    Thursday, June 30
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals & Transactions»BGF successfully exits investment in Cennox
    Deals & Transactions

    BGF successfully exits investment in Cennox

    June 19, 20212 Mins Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    BGF has exited its investment in Cennox – a provider of services to the ATM sector. The business has been acquired by US-based investment firm, York Capital. 

    BGF first invested £3 million in Cennox in June 2012 and subsequently put in three follow-on rounds into the business, taking total investment to £17 million.

    BGF’s investment and the growth that followed it also enabled the company to access significant debt funding from its shareholder banks.

    William Gresty, investor at BGF, who led the exit, says: “Cennox was an early investment for BGF and as such it is a fantastic example of the long-term patient capital approach of our investment model. Since we backed Clive Nation, Nick Cockett and Roy Dodd in 2012, Cennox has grown rapidly both in the UK and internationally and it is now a fully-fledged global player in the ATM and banking services sector. We’re extremely proud to have helped the company reach its long-term goals and we wish Clive and the team and York Capital all the best on the next stage of their growth journey.”

    This transaction marks BGF’s 11th successful exit in 2021, generating significant returns for all shareholders. Recent deals include: BGF’s exit of Nottingham life sciences incubation business, BioCity, and the exit of sustainable ecommerce returns platform, ReBound.

    Read more/Source: Private Equity Wire

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Business & Services Deals Transactions exits Finance & Insurance peinsider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Bob Diamond’s private equity firm raises funding from Qatar

    June 29, 2022

    KKR takes back seat in Toshiba bidding process

    June 29, 2022

    Twin Bridge Capital Partners closes fifth flagship fund at over $880m

    June 29, 2022

    Blackstone dealt legal setback after $5bn low-income housing deal

    June 29, 2022

    Comments are closed.

    Other Articles

    Netherlands’ FMO to invest $137 million in Green Growth Equity Fund

    April 2, 2021

    Portugal’s ECS Draws Private Equity Interest in Hotels Sale

    February 27, 2021

    Ultimus appoints head of private fund sales

    May 4, 2021

    Independent specialist fund administrator Oakbridge Funds launches

    March 18, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]com

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?