BGF £2.65M INVESTMENT IN MONODRAUGHT
We are pleased to have advised BGF on its £2.65m investment in the High Wycombe-based ventilation systems specialist, Monodraught. BGF is the UK & Ireland's most active investor in growing businesses, helping ambitious management teams, founders and family businesses to succeed.
Monodraught designs, manufactures, installs and maintains ventilation, cooling and lighting systems to create low energy, low carbon and sustainable buildings. The investment from BGF allows Monodraught to support its long-term growth plans, including product development and expansion into new markets.
Mark Nunny of BGF, who will join the board of Monodraught, said “Monodraught has continually invested in and protected its IP which gives it defensible positions in its chosen markets. With BGF funding, the management team now has the opportunity to move into new markets and develop complementary technologies to increase its share of wallet on specific projects.”
Simon Arkell led the EMW Corporate team, providing assistance to BGF on the terms of its investment documents. Simon said “BGF is now on patch in Milton Keynes and the team has hit the ground running with a number of transactions already completed since they arrived. It was a pleasure to work with Mark and the team on this particular investment. BGF is incredibly efficient at what they do, and on this transaction, it helped us move from offer letter to completion within an incredibly short time scale. We look forward to the next opportunity to work with BGF.”
Simon was assisted by Faye Meredith, Senior Solicitor.
If you would like to find out more about this deal, please contact Simon Arkell.