Squire Patton Boggs has advised equity investor BGF, which supports growth in entrepreneurial businesses in the UK and Ireland, on its two most recent transactions - an investment in Tevalis, a UK leisure and hospitality electronic point of sale (EPOS) solution provider, and an investment in TaperedPlus, a flat roof design and insulation specialist.
“We are pleased to have supported BGF again, this time on its investment in two fast-growing, ambitious companies, Tevalis and TaperedPlus”, said Corporate partner Paul Mann. “Our national relationship with BGF is longstanding – over 10 years. In that time, we have been successful in delivering a sustained, high-level of strategic deals for BGF, involving our Corporate and other practices across Leeds, Birmingham, Manchester, London and now Dublin, working with the client’s investment teams across its UK and Irish offices.”
The multi-office team advising BGF on the two latest deals was led by Corporate partners Paul Mann, Hannah Crosland and Jonathan Ross in Leeds, assisted by Joshua Lodge and Sarah Hardman, and included lawyers from the Corporate, Tax, Competition, Intellectual Property, Environmental and Data Privacy practices in Leeds, Birmingham, London and Manchester.
Rob Johnson, Investment Director in BGF’s Leeds team, said: “We have worked closely with the Squire Patton Boggs corporate team in Leeds over the last five to six years, during which time we have developed an excellent relationship. The depth and breadth of their capabilities, combined with their local presence and partner-led approach has seen this relationship go from strength-to-strength and it is great to have worked on these latest deals together.”
BGF is the most active equity investor in the UK and Ireland, supporting hundreds of companies across a variety of investment stages, sectors and regions to fulfil their growth ambitions.
Founded in 2005, Tevalis provides EPOS solutions to help leisure and hospitality operators manage, streamline and deliver their food and beverage operations. It works with leading restaurants, bars, food halls and major leisure destinations, including brands such as Village Hotels, Boxpark, EG Group, Colchester Zoo and Ben & Jerry’s. With BGF’s funding, the company has ambitions of trebling recurring revenues over the next three to five years. This will be supported by additional investment in sales and marketing, product and partners, as well as looking at potential opportunities for international expansion.
TaperedPlus is a UK leader in the provision of tech-enabled architectural design services for complex flat and tapered roof projects. Founded in 2014, the business serves a range of end markets across domestic, commercial and industrial projects. Since 2020, TaperedPlus has increased employee numbers by 70%, tripled revenues and secured B-Corp accreditation in 2023. With the support of BGF, TaperedPlus has plans to broaden its technology-led offering and deepen relationships with its growing customer base and insulation supply partners.
These two recent investments follow BGF’s investment earlier this year in human risk management platform Boxphish, on which the Squire Patton Boggs Corporate team in Leeds also advised, and its sale of Unique X, a leading provider of digital cinema software solutions and services, on which the firm’s Manchester Corporate team advised.