£20m set to be invested in UK businesses as London firm resumes hunt for acquisitions

A London private equity firm has announced plans to invest £20m in retail and consumer businesses over the next year.

SKG Capital, which recently acquired bedding and linen retailer Julian Charles, is aiming to invest the £20m in further acquisitions.

It said that the investment could provide a “vital lifeline” for businesses affected by the pandemic.

The firm specialises in working with retail chains and allied businesses in the retail supply-chain, and said that it expects to acquire “a number” of businesses over the next 12 months.

The buying spree is being led by Chris Althorp-Gormlay, Founder and Managing Partner at SKG Capital, who is looking to hear from businesses thinking about selling or seeking investment and expertise after Covid.

Chris Althorp-Gormlay, founder and managing partner, commented: “There are many reputable businesses that the downturn has adversely impacted over the last 12 months.

“Their balance sheet might have taken a hit, but their potential remains as strong as before, providing they receive the right support and investment.

“These are the businesses that we want to talk to. We have the in-house capability, expertise, and the capital to help them through the short-term storm, return them to long-term profitability, and ultimately rebuild a successful business with a bright future.

“One of our primary focuses throughout the process is to protect jobs and the supply chain. Turning around these businesses must be done in a way that preserves the wider impact they have on the local community and wider economy.”

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