Private equity and venture capital is a truly national investor, providing funding and strategic expertise to businesses across the country. In the UK today, over 2,200 companies are currently backed by BVCA members, with over £30 billion invested and employing more than 800,000 people.  To view a regional breakdown of the impact private equity and venture capital is having, hover over the map below for key statistics and success stories.

East of England

Venture capital

Number of companies: 81

Employing: 13,204

Total investment: £484 million

Private equity

Number of companies: 20

Employing: 2,322

Total investment: £686 million

BVCA members with offices in East of England: 6

Horizon Discovery


What they do: Personalised medicine

Head office: Cambridge

Backers: DFJ Esprit, MVM Life Science Partners, Roche Venture Fund, Wren Capital, Calculus Capital

Horizon floated on the London’s Alternative Investment Market in August 2014 following a total of £20 million of venture capital investment since it was founded in 2008. The company - which helps drug makers research genetic mutations that cause disease - recorded a 70% increase in revenues in the year before it went public with sales reaching £6.6 million in 2013. Based in Cambridge UK, it has facilities in Cambridge, Massachusetts and Austria.

www.horizondiscovery.com

www.dfjesprit.com/featured/horizon-secures-69m-in-london-flotation-2

Breathing Buildings


What they do: Natural ventilation

Head office: Cambridge

Backers: MMC Ventures, BP, LCIF and Berti Investments

Breathing Buildings was formed in 2006 to develop and offer a new way of ventilating buildings for free. The technology is derived from a Cambridge University patent which Breathing Buildings has a worldwide exclusive license. Sales increased in 2013-14 by 70% and a pipeline of projects worth around £25 million are now being designed with Breathing Buildings equipment. Based in Cambridge UK, it also has a US and Canadian partner headquartered in Atlanta and Winnipeg.

www.breathingbuildings.com

www.mmcventures.com/portfolio/breathing-buildings.aspx

Acteon


What they do: Offshore oilfield services

Head office: Norwich

Backers: KKR

Acteon was formed in 2004 and provides support services to oil companies in the construction, production, and decommissioning phases of offshore oilfields. It is a global business with the UK North Sea being a major focus area. In 2012 KKR partnered with management to help accelerate growth in the business and the company has increased revenues, profits, and expanded its facilities and employment count ever since. The employee count increased from 757 in 2012 to 1,085 at year-end 2014 (+43%) and the company has further expansion plans across the UK.

www.acteon.com

www.kkr.com/kkr-portfolio?page=Private_Equity

South West

Venture capital

Number of companies: 100

Employing: 7,104

Total investment: £494 million

Private equity

Number of companies: 42

Employing: 21,145

Total investment: £1,102 million

BVCA members with offices in South West: 4

A-Gas


What they do: Industrial chemicals

Where: Bristol

Backer: LDC

A-Gas is one of the largest providers of industrial gases and chemicals in the UK, supplying to the refrigeration and insulation foam industries, as well as providing environmental services. LDC first invested in 2011 and has supported five international acquisitions, giving it a presences in the US, Asia, Australia and South Africa. Based in Bristol and employing over 270 people, it has consistently grown turnover and profits over the past four years.

www.agas.co.uk

www.ldc.co.uk/portfolio/companyinfo.aspx?Id=317

Atlas Genetics


What they do: Biotech

Where: Trowbridge, Wiltshire

Backers: Technology Venture Partners, Novartis Venture Funds, Johnson & Johnson Innovation, Life Science Partners, BB Biotech, RMI Partners, Consort Medical

Atlas Genetics is pioneering a DNA-based technology with will provide test results in around 30 minutes. With investment from a host of venture capital and corporate backers, it is now accelerating the development of this technology with the initial focus in the areas of Sexually Transmitted Infections (STI) and Hospital Acquired Infections (HAI). It is expected to launch its first product in Europe later this year along with initial US clinical trials.

www.atlasgenetics.com/

www.atlasgenetics.com/news-and-media/119-atlas-genetics-completes-20m-series-c-fundraising

New Look


What they do: Fashion retailer

Where: Weymouth, Dorset

Backer: Permira

A familiar sight on Britain’s high streets, New Look is quickly becoming a global brand with a quarter of its annual sales generated overseas as of March 2014. Permira invested in 2004 and the fashion retailer now has over 1,100 stores across the globe with 423 in Ireland and mainland Europe, and over 120 franchised outlets in the Middle East, Far East, Eastern Europe and Russia.

www.newlook.com

www.permira.com/investments/investment/54/new-look

Wales

Venture capital

Number of companies: 91

Employing: 3,210

Total investment: £94 million

Private equity

Number of companies: 27

Employing: 4,145

Total investment: £200 million

BVCA members with offices in Wales: 3

ADC Biotechnology


What they do: Biotechnology

Where: Denbighshire

Backer: Finance Wales, Acceleris

ADC Bio is an innovative biotechnology company developing new process technology to speed, simplify and significantly lower the production costs of the latest generation of anti-cancer blockbuster drugs, Antibody Drug Conjugates (ADCs).  Finance Wales and Acceleris Capital have been leading investors since the company formed in 2010, providing a series of funding rounds supporting the company towards commercialisation and expansion of their facilities at St Asaph into an international centre of expertise in the manufacture of ADCs.

www.adcbio.com

www.financewales.co.uk/portfolio/equity/adc-biotechnology.aspx

Penn Pharma


What they do: Drug development

Where: Tredegar, Gwent

Backer: LDC

Penn Pharma is a pharmaceutical services company, providing drug development, manufacturing and clinical trial facilities. With backing from Gresham Private Equity in 2000 until 2007, turnover increased five-fold increase and profits grew ten-fold. Following a buyout by LDC the business opened a new manufacturing facility and grew turnover from £17 million to £30 million, whilst staff numbers reached over 300, a 47% increase on 2007. Penn was bought by US group Packaging Co-ordinators in 2014.

www.pennpharm.com

www.ldc.co.uk/portfolio/companyinfo.aspx?Id=254

Tinopolis


What they do: TV production

Where: Llanelli, Carmarthenshire

Backer: Vitruvian Partners

Tinopolis is one of the largest independent media groups in the UK, responsible for producing TV shows such as the BBC’s Question Time, Big Fat Gypsy Weddings and BT Sport’s football coverage. Vitruvian invested in 2008 and as well as building on its domestic success, Tinopolis has also entered the US market, most recently with the acquisition of Magical Elves, an Emmy Award winning production house.

www.tinopolis.com

www.vitruvianpartners.com/portfolio

West Midlands

Venture capital

Number of companies: 131

Employing: 10,701

Total investment: £363 million

Private equity

Number of companies: 49

Employing: 17,557

Total investment: £1,906 million

BVCA members with offices in West Midlands: 10

Poundland


What they do: Retail

Where: Willenhall

Backer: Warburg Pincus

Poundland is one of the most familiar names on the British high street, and one of the country’s greatest business stories. With investment from Advent International from 2002 to 2010 and Warburg Pincus from 2010 onwards, store numbers, turnover and employee numbers increased significantly. It now has over 11,500 staff working in more than 530 stores in the UK, 39 in Ireland and is currently undertaking a trial in Spain. Poundland listed on the London Stock Exchange in March 2014 and now has a market value of over £1 billion.

www.poundlandcorporate.com

www.warburgpincus.com/portfolio/ViewCompany,id,383.aspx

CrowdControlHQ


What they do: Social media management

Where: Birmingham

Backer: Midven

CrowdControlHQ was only founded in 2009 yet has already established itself as one of the leading names in social media management. It provides a single, online dashboard for businesses, helping them keep track of their social media activity, manage online campaigns and improve customer service. Midven invested in the company in 2011 and today it has over 125 customers across a range of sectors, and at the London Olympics was used by a number of the official sponsors and the Team GB athletes to support their online activities.

www.crowdcontrolhq.com

www.midven.co.uk/company/crowd-technologies/

AiP Catering


What they do: School meals

Where: Oldbury

Backer: Key Capital Partners

AiP Catering supplies meals to over 170 schools and is responsible for feeding 50,000 pupils a day across central England and West London. Founded in 1998 the business has grown significantly, employing over 800 people with sales of over £14 million. In 2014 Key Capital Partners invested in the business as it looks to expand its contract portfolio.

www.allianceinpartnership.co.uk

www.keycapitalpartners.co.uk/investment-portfolio.php

Yorkshire & Humber

Venture capital

Number of companies: 93

Employing: 5,807

Total investment: £294 million

Private equity

Number of companies: 40

Employing: 16,915

Total investment: £1,105 million

BVCA members with offices in Yorkshire & Humber: 10

DFS



What they do: Sofa retailer

Where: Doncaster

Backer: Advent International

DFS is the best known sofa retailer in the country with over 100 stores in the UK and Ireland and employing more than 2,600 people. With a floatation on the London Stock Exchange imminent, DFS has received considerable backing from Advent International since its initial investment in 2010. In the past four years DFS has opened 27 new stores, and for the first 10 months of 2014 it recorded revenues of £675 million whilst expanding internationally with the opening of its first store in the Netherlands.

http://www.dfscorporate.co.uk/

http://www.adventinternational.com/investmentdata/Pages/DFS_English.aspx

Allied Glass



What they do: Glass bottle maker

Where: Leeds

Backer: CBPE Capital

Yorkshire-based Allied Glass makes glass bottles and containers for world-leading brands in the global spirits industry, including the likes of Johnny Walker, MaCallan and Smirnoff. With a plus 650-strong team, Allied has thrived under private equity ownership. CPBE first invested in 2002 and sold its stake to Equistone in 2010 before reacquiring in 2013. During this time the business has experienced strong growth and has established a leading position in supplying the premium end of the spirits sector - aided by the opening of a Knottingley factory and building a strong international customer base.

http://www.allied-glass.com

http://www.cbpecapital.com/cbpe-capital-invests-in-allied-glass-containers

Quorn



What they do: Meat-alternative food brand

Where: Stokesley, North Yorkshire

Backer: Exponent

A household name, Quorn is a market leader in meat-alternative foods, and one which has consistently increased turnover and profits by building on its traditional vegetarian customer base to also cater for the rising demand for healthier food. Exponent invested in 2011 to not only build on its UK market position but also accelerate growth in global markets. Quorn can now be found in supermarkets across Europe and in the US, South Africa, Australia and New Zealand.

http://www.quorn.co.uk/company/

http://www.exponentpe.com/portfolio/default.aspx?investmentid=9

East Midlands

Venture capital

Number of companies: 74

Employing: 5,973

Total investment: £266 million

Private equity

Number of companies: 29

Employing: 11,646

Total investment: £691 million

BVCA members with offices in East Midlands: 3

Whitworths


What they do: Supplier of dried fruit, nut and seed products

Where: Wellingborough, Northamptonshire

Backer: Equistone Partners Europe

Whitworths is the leading UK supplier of dried fruit, nut and seeds for baking and snacking, and the name behind Sunny Raisins. It has been receiving private equity investment since 2006, initially from European Capital which oversaw a doubling of retail revenues. It was bought by Equistone in September 2013. The Wellingborough-headquartered business today enjoys a significant 30% market share and employs 380 people.

www.whitworths.co.uk

www.equistonepe.com/detail/investment-detail?id=254

NFT


What they do: Chilled food distribution

Where: Alfreton, Derbyshire

Backer: Phoenix Equity Partners

NFT transports food and drink across the UK, employing 2,000 people across seven sites. Phoenix Equity Partners supported a management buyout in 2006 from Northern Foods and since then has helped the business to increase capacity by adding new warehouses and expanding its fleet of vehicles alongside the introduction of a new warehouse management and telematics system. Profits doubled by the time Phoenix sold its stake to Hong Kong investor EmergeVest in April 2014.

www.nft.co.uk

www.phoenix-equity.com/Portfolio.aspx?MasterId=10

Exco InTouch


What they do: Remote monitoring of clinical trials

Where: Nottingham

Backers: Scottish Equity Partners, Albion Ventures

Exco is fast becoming a leading provider in the high growth sector of collecting data directly from patients via mobile devices. Exco has seen revenues grow approximately four times since first its first venture investment in 2011. The company expects to continue driving its rapidly growing market share through its ability to deploy its technology on any type of mobile device. The Nottingham-headquartered business with offices in the US, employs approximately 80 people.

www.excointouch.com

/www.excointouch.com/sitemap/news/2015/01/29/exco-intouch-set-for-further-growth-and-expansion-into-healthcare-markets

London

Venture capital

Number of companies: 381

Employing: 396,056

Total investment: £2,939 million

Private equity

Number of companies: 153

Employing: 99,283

Total investment: £9,040 million

BVCA members with offices in London: 169

Kelway


What they do: IT services provider

Backer: Core Capital

Kelway provides IT services to small and medium-sized companies throughout the UK and internationally in over 130 countries. Core Capital invested in the business in 2006 and since then the business has grown from a turnover of £45 million to £530 million in the last financial year. The business employs over 900 staff in the UK, with four offices across the country and others in Ireland, Dubai, Singapore and South Africa. Core sold the business in November 2014 to US IT group, CDW.

www.kelway.com

www.core-cap.com/pdf/Core%20Capital%20sells%20stake%20in%20Kelway.pdf

TransferWise


What they do: Money transfer

Backers: Andreessen Horowitz, Index Ventures, Valar Ventures, IA Ventures, Seedcamp

Founded in 2011 and based in Tech City, TransferWise is an international money transfer business, giving users the flexibility of online access whilst avoiding bank charges. Attracting start-up capital from a range of investors – including Richard Branson and PayPal founder Peter Thiel – TranserWise is today one of the biggest success stories of the technology sector today. It employs 250 people and has set its sights on international expansion, opening an office in the US shortly, followed by Germany and Australia.

www.transferwise.com

www.indexventures.com/companies/transferwise

Gymbox


What they do: Fitness chain

Backers: Business Growth Fund

Gymbox is a London-based fitness chain which was founded with the simple philosophy of making going to the gym fun. Since it was founded in 2001 the business has opened five clubs and, following investment from the Business Growth Fund in 2014, is now looking to roll-out across the capital with three sites already secured and with eyes on more, including in other cities. Growth investor Octopus Investments also played a role in the Gymbox success story having invested in 2010.

www.gymbox.com

www.businessgrowthfund.co.uk/gymbox

North East

Venture capital

Number of companies: 173

Employing: 41,368

Total investment: £655 million

Private equity

Number of companies: 22

Employing: 4,743

Total investment: £485 million

BVCA members with offices in North East: 5

Aesica Pharmaceuticals


Where: Newcastle

What they do: Pharmaceutical manufacturer

Backer: Silverfleet Capital

Founded in 2004, Newcastle’s Aesica Pharmaceuticals is one of Europe’s leading service providers to the global pharmaceutical industry. Since its formation sales have increased from £25 million to £179 million, and it now exports to over 30 countries and employs 1,300 people across the UK and Europe. Private equity supported the business from the very beginning, first through a management buyout from BASF backed by LDC in 2004 and then with an investment from Silverfleet Capital in 2011. Aesica was acquired by UK medical devices group Consort Medical in September 2014.

www.aesica-pharma.co.uk

www.silverfleetcapital.com/media-centre/news/silverfleet-announces-the-sale-of-aesica-pharmaceuticals-for-230-million

Mayborn


Where: Cramlington, Northumberland

What they do: Baby and child products

Backer: 3i

Mayborn is the name behind Tommee Tippee, the UK market leader in baby feeding, hygiene and related baby and toddler products. Following investment from 3i in 2006, the business has undergone a significant transformation and now more than 60% of its sales come from outside the UK following expansion into the highly competitive markets of the US, France and Australia. In the early 2000s it had a market share of 20% - today it is over 40% and is the fifth-biggest baby product business in the world.

www.mayborngroup.com

www.3i.com/our-business/private-equity/portfolio/mayborn-group

Nomad Digital


What they do: Train Wi-FI

Where: Newcastle

Backer: Amadeus Capital

Getting a Wi-Fi connection on trains can often be a challenge but Nomad is aiming to change that. Founded in 2002 and with Amadeus Capital first investing in 2006, it works with some of the biggest train operators and manufacturers in the world, customers including Virgin Trains, First Great Western, Amtrak and Bombardier. Its systems can be found in Germany, the US and Australia amongst others, and recorded sales of £31.6 million in 2013, growing at over 50% per year since 2010.

www.nomad-digital.com

www.amadeuscapital.com/nomad-digital

Northern Ireland

Venture capital

Number of companies: 49

Employing: 1,090

Total investment: £289 million

Private equity

Number of companies: 6

Employing: 320

Total investment: £19 million

BVCA members with offices in Northern Ireland: 4

HeartSine


What they do: Defibrillators

Where: Belfast

Backers: ACT Venture Capital and Enterprise Equity

HeartSine makes innovative defibrillator technology which is used across the world, providing technologically advanced, easy-to-use and affordable defibrillators for use anywhere, including the home, office, schools and shops. A spin-out from Ulster University, venture capital played a key role in HeartSine’s development with Crescent Capital investing in 2000, ACT Venture Capital joining in 2002 before Enterprise Equity participating in 2006.

www.heartsine.com

www.eeni.com/news/default.asp?ID=46&itemId=43

Intelesens


What they do: Medical devices

Where: Belfast

Backer: Clarendon Fund Managers, Enterprise Equity

Advances in medical technology, including wireless connectivity and wearable mobile devices are providing medical professionals, doctor’s surgeries and hospitals with important clinical tools to access and care for patients in new and innovative ways. Intelesens is at the forefront of this technology. A university spin-out company, Intelesens maintains a dynamic collaborative relationship with world-class research teams in the Nanotechnology and Integrated Bio-Engineering Centre (NIBEC) based at the Ulster University.

www.intelesens.com

www.eeni.com/news/default.asp?ID=41&itemId=43

Phoenix Natural Gas


What they do: Gas supplier

Where: Belfast

Backer: Terra Firma

Phoenix supplies gas to the Greater Belfast area, owning and operating 3,100 km of pipeline. Terra Firma invested in 2005 and today Phoenix is providing gas to over 164,000 customers. Under private equity ownership the business expanded its network and attracted new customers, enabling Phoenix to convert 46% of the market to natural gas. Terra Firma sold its stake in 2013.

www.phoenixgroupni.com

www.terrafirma.com/investment/phoenix-group.421.html

North West

Venture capital

Number of companies: 131

Employing: 7,073

Total investment: £549 million

Private equity

Number of companies: 61

Employing: 32,793

Total investment: £1,934 million

BVCA members with offices in North West: 23

Metronet (UK)


What they do: Internet service provider

Where: Manchester Science Park

Backer: Living Bridge

Metronet (UK) is a business internet service provider which combines wireless technology with traditional fibre optic cables. Headquartered in Manchester with facilities across the North of England, it was set-up in 2003 and first received private equity investment from LDC in 2012. Over the following two years Metronet grew revenues by 98% and by the end of 2014 it was employing over 100 staff members for the first time. It now has over 1,200 customers including Laing O’Rourke, Autotrader and Umbro. LDC sold its stake in 2014 as part of a management buyout by Living Bridge.

www.metronet-uk.com

www.livingbridge.com/case-studies/metronet-uk

Amber Taverns


What they do: Pub chain

Where: Blackpool

Backer: LGV

Amber Taverns runs community pubs in the North of England, Midlands and Wales, targeting closed or distressed establishments and refurbishing and revitalising them. Headquartered in Lancashire, Amber offers all its tavern managers a share of the pub’s profits, incentivising them to develop the business. LGV invested in 2010 and at that time there were 56 pubs in the chain, and when it sold its stake in May 2014, this had grown to 95.

www.ambertaverns.co.uk

www.lgvcapital.com/portfolio/amber_taverns.html

Clarke Energy


What they do: Design and build gas engines

Where: Knowsley, Liverpool

Backer: ECI

Clarke Energy specialises in the design, installation and servicing of GE’s Jenbacher gas engines. Headquartered in Knowsley, Liverpool, Clarke’s engines are installed in the Shard and Guy’s and St Thomas’ Hospital in London. It also has a very strong international presence, employing 1,000 staff across 16 countries. ECI invested in the business in 2012 and has helped Clarke to expand into new territories and added around 300 people to the workforce.

www.clarke-energy.com

www.ecipartners.com/our-sectors/portfolio

Scotland

Venture capital

Number of companies: 102

Employing: 5,209

Total investment: £592 million

Private equity

Number of companies: 30

Employing: 4,275

Total investment: £556 million

BVCA members with offices in Scotland: 12

Scopus Engineering


What they do: Energy services

Where: Aberdeen

Backer: Growth Capital Partners

Scopus Engineering specialises in laser scan surveying in the oil and gas sector. Growth Capital Partners invested in 2013 and since that time the business has doubled its turnover, grown staff numbers by 80% and strengthened its international presence, particularly within the Middle East. Today the business has bases in Abu Dhabi, Malaysia, Brunei and Baku. British engineering consultancy group Amec Foster Wheeler bought the company in December 2014.

www.scopuseng.com

www.growthcapital.co.uk/dec-2014-gcp-successful-exit-scopus-engineering

Aridhia Informatics


What they do: Biotechnology

Where: Edinburgh

Backer: Scottish Equity Partners, Albion Ventures

Aridhia is at the cutting edge of biotech, offering an analytics platform to help healthcare professionals manage the treatment of chronic diseases like cancer and diabetes, as well as pioneering advances in personalised medicine, providing treatments tailored around a patient’s genes. The company was founded in 2008 and has been supported in its growth by Scottish Equity Partners and Albion Ventures. Last year the business won funding from Genomics England and launched a new cloud-based platform to improve clinical research.

www.aridhia.com

www.sep.co.uk/portfolio/companies/aridhia

ASCO


What they do: Oil and gas logistics

Where: Aberdeen

Backer: Doughty Hanson & Co

ASCO is a truly global business. It operates in 35 locations across 16 countries worldwide, employing 2,500 people, and works with the major oil and gas operators to deliver goods and materials to oil rigs and platforms, everything from drilling equipment to food. Private equity has a long involvement in ASCO when Phoenix Equity Partners invested in 2006 before selling to Doughty Hanson in 2011. Under Phoenix’s watch revenues doubled as the business expanded internationally, and as of 2013, ASCO recorded sales of £768 million.

www.ascoworld.com

www.doughtyhanson.com/private-equity/our-portfolio/asco.aspx

South East

Venture capital

Number of companies: 229

Employing: 48,905

Total investment: £2,088 million

Private equity

Number of companies: 93

Employing: 48,191

Total investment: £3,289 million

BVCA members with offices in South East: 9

Anesco


What they do: Energy efficiency

Where: Reading

Backer: CBPE Capital

Founded in 2010 as a spin-out from Scottish & Southern Energy, Anesco advises and provides services to homeowners, businesses and local authorities to help them cut their carbon emissions. Scottish Equity Partners invested just a year after the business was established and helped to oversee an exceptional growth story, growing sales from £1 million to more than £100 million in three years and taking more than 80,000 people out of fuel poverty. CBPE invested in November 2014 with plans to grow the business even further.

www.anesco.co.uk

www.cbpecapital.com/portfolio/anesco

NaturalMotion


What they do: Video games and technology

Where: Oxford

Backers: Balderton Capital

From its home in Oxford, NaturalMotion has built a reputation as one of the leading video game graphics companies the world, with the likes of Rockstar, Disney, Sony and Electronic Arts on its roster of clients. With the backing of Balderton Capital, its software has been used across a range of platforms and it has published a number of highly successful mobile games under its own name, including CSR Racing and Clumsy Ninja. Social gaming company Zynga, who are responsible for games like FarmVille and Words with Friends, bought the company for £317 million in 2014.

www.naturalmotion.com

www.balderton.com/portfolio/naturalmotion

Wiggle


What they do: Online cycling retailer

Where: Portsmouth

Backer: Bridgepoint

From trainers and bikes to nutritional supplements and snorkels, Wiggle is one of the UK’s largest online sporting retailers, and a business with a long history of private equity involvement. Beginning in 2006 with investment from Living Bridge, Wiggle saw turnover increase by £11 million to £86 million, and its growth has continued with Bridgepoint who bought the business in 2011. Since then the company has launched 12 new websites for international customers, and now sells to over 90 countries and employs over 350 people.

www.wiggle.co.uk

www.bridgepoint.eu/en/investment-portfolio/wiggle