Dragon Peter Jones and BGF support Yorkshire firm with multi-million pound funding
Dragon’s Den star and entrepreneur Peter Jones has joined forces with BGF to support a growing Yorkshire business.
The business leader has teamed up with BGF to support Retail Services Group, which is based in West Yorkshire.
The partnership has invested an initial £9m in the retail experience specialist as well as in a UK-headquartered ecommerce platform Localised Group.
Commenting on the deal, Peter Jones said: “I’ve joined forces with BGF to find, invest and grow some of the most exciting companies in the UK today.
“Both of us see these initial investments as the stepping-stones to future opportunities. I couldn’t think of a better partner than BGF, one of the most respected businesses in the growth capital business. BGF has exactly the national footprint that we are looking for today.”
Stephen Welton, CEO of BGF, added: “Peter Jones is a campaigner for enterprise and one of the UK’s most admired entrepreneurs.
“The scale of his connections within the entrepreneurial community will be a huge benefit to both BGF and our portfolio. As like-minded investors, our joint mission is to find, invest in and grow brilliant businesses while doing all we can to help build the enterprise economy.”
“These are unprecedented times for businesses but BGF remains committed to backing high-potential firms such as Localised and RSG. Remaining ‘open for business’ means continuing to back new investments which is critical to ensure that confidence is not irreparably damaged.”
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