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Ireland’s largest growth capital investor opens Cork office

Written by , on 20th Feb 2020. Posted in Financial

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Ireland’s largest growth capital investor, BGF has opened an office in Lapps Quay in Cork today as it plans to invest in businesses in Munster.

BGF says it has over €250 million to invest in Irish businesses to support growth.

BGF was first established in the UK in 2011 and it set up in Ireland in late 2017.  Last year, the company completed three investments in Irish businesses which saw a total of €20m invested in Brindley Healthcare (a leading nursing home group), Winterbrook (a long established house builder) and Team Accessories Limited (a specialist aerospace engineering business).  

The company is currently in discussions with a number of companies in the Munster region with an eye to investment. BGF makes equity investments of between €1 million and €10 million, with further funding available to investee companies. 

BGF is supported by the main Irish banks (AIB, Bank of Ireland and Ulster Bank) and the Ireland Strategic Investment Fund (ISIF).   

The company hosted a lunch today in the Hayfield Manor which was attended by leading business figures from across Munster as well as senior representatives from BGF and its shareholders.

Speaking today, Head of BGF in Ireland, Leo Casey said, "We plan to open a number of offices around the country and Cork was the perfect location for our second opening.  We have a strong Cork presence on our Irish team and everyone knows that the city and region have a thriving business community.  We look forward to investing in some of the region’s most exciting businesses."

Source: www.businessworld.ie

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