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Enterprise capital fund BGF has invested £10 million in a Lisburn window blind firm.
Mzuri Group, previously generally known as Decora, mentioned it can use the funding to make “additional focused acquisitions” because it continues to develop its European gross sales.
The funding within the Lisburn firm brings to £20 million the entire funding by BGF since April 2020.
Throughout that point, Mzuri has grown its annual revenues to £195 million from £70 million by a mix of each natural development and the acquisition of 10 different firms.
Presently promoting to prospects within the UK, Europe and Australia, it producers and distributes window masking, using some 1,500 individuals at its Lisburn headquarters and at different bases throughout the UK.
“Mzuri has considerably expanded its enterprise since BGF first invested within the firm and we view this newest spherical of funding as an incredible endorsement of our plans for additional development within the years forward,” Stuart Dickson, Managing Director of Mzuri Group, mentioned. “In addition to its substantial capital help, entry to BGF’s community and its professional recommendation has been invaluable as now we have assessed acquisition alternatives and moved into new markets.”
BGF invests throughout the UK and Eire and mentioned the newest funding brings to £60 million its whole dedication to Northern Eire.
Graham Clarke, Investor at BGF and Board Member of Mzuri, lauded the Mzuri administration.
“The staff has executed a superb job constructing what’s now a enterprise of great scale and one of many main gamers within the window coverings market throughout the UK and Europe,” he mentioned. “It’s improbable to announce this vital follow-on funding in Mzuri Group, which can help the continued development of the corporate because it builds on its present platform and extends its European presence even additional.”
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