Twitter LinkedIn
    Tuesday, February 7
    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

    University of California invests $4 bn in redemption-stricken REIT

    January 3, 2023

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    Warburg Pincus acquires K2 Insurance Services from Lee Equity Partners

    December 6, 2022

    Recent Rule Changes Spark New Wave of Private Equity Ownership in Pro Sports

    November 29, 2022

    Comments are closed.

    Other Articles

    L Brands to test private equity firms’ appetite for Victoria’s Secret again

    February 26, 2021

    World Rugby CEO Gilpin confirms private equity talks

    July 31, 2021

    Nuveen enhances real assets platform with acquisition of renewable energy specialist Glennmont Partners

    January 19, 2021

    BC Partners Real Estate closes oversubscribed debut fund at EUR900m

    January 18, 2022

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

    [email protected]

    Twitter LinkedIn
    © 2023 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?