October 14, 2024: BGF, the UK and Eire's most lively progress capital investor, has accomplished a £6m funding in Signify Analysis, a specialist healthcare expertise market intelligence supplier.
The multi-million funding goals to speed up Signify Analysis's progress and broaden its market presence as a trusted supplier of high-quality analysis, consulting and market intelligence to the worldwide well being expertise business.
Signify Analysis's in-house analysis staff gives unparalleled material experience and data-driven insights in its key protection areas: medical imaging, medical care, digital well being, diagnostics and life sciences, medical IT and healthcare AI, which enterprise leaders use them to information technique. choice making.
Following BGF's funding, Signify Analysis will proceed to deal with offering dependable and insightful providers to its shoppers, whereas rising the breadth of protection and depth of analysis provided.
The enterprise will proceed to be led by an skilled administration staff, together with co-founders Steve Holloway (CEO) and Alex Inexperienced (COO).
Along with the funding, Signify Analysis's management staff has additionally been strengthened with the appointment of Gareth Miller as non-executive chairman, following an introduction from BGF's Expertise Community.
Gareth was beforehand CEO of BGF-backed Cornwall Perception, a number one supplier of analysis, information and analytics to the power sector, which was acquired by Bowmark Capital in 2022. Having efficiently scaled Cornwall Perception to exit and with a wealth of expertise in driving sustainable and long-term progress in B2B providers, Gareth will assist the Signify Analysis management staff in executing the corporate's formidable progress technique.
Steve Holloway, CEO and co-founder of Signify Analysis, stated: “We’re delighted to welcome BGF as a strategic companion. Their funding will permit us to broaden our operations, enhance our product choices and attain new markets. This partnership is a testomony to the energy of our enterprise mannequin and the potential for future progress. We’re assured that with BGF's assist and Gareth Miller's extremely related expertise, we’ll proceed to paved the way in offering leading edge healthcare expertise market intelligence options.”
The deal was led by Mark Nunny and Elena Kovalikhina, traders within the BGF Central & East staff.
Mark Nunny, investor at BGF, stated: “We’re excited to companion with Signify Analysis, a sought-after market analysis agency that has persistently demonstrated innovation and management within the medical expertise business. Our funding will present the assets wanted to assist their formidable progress plans and drive additional developments of their expertise. We sit up for working intently with the Signify Analysis staff and Gareth to understand his imaginative and prescient.”
BGF's funding in Signify Analysis is a part of its ongoing dedication to supporting high-potential companies within the UK and Eire. With a portfolio of over 400 firms, BGF has a confirmed observe document of serving to firms obtain their progress ambitions.
Mike Tillson, Company Finance Associate at Grant Thorntonwhich suggested Signify shareholders on the transaction, stated: “We’re delighted to have supported the Signify staff to find a improbable companion for the enterprise. BGF and Gareth's earlier expertise within the sector will present invaluable enter and likewise allow the enterprise to speed up various its progress initiatives. BGF's funding allows co-founder Simon Harris to realize a clear exit and allows Steve and Alex to offer fairness alignment to further members of their administration staff. We’re assured that the partnership shall be an amazing success.”
Advisors to the transaction embrace:
- Grant Thornton (Mike Tillson, Nigel Le Bas, Andre Lamego and Zach Rose) – company finance
- Wilson Companions (Dan James) – monetary due diligence
- Howes & Percival (Gareth John, Matthew Thompson, Helaina Mann) – solicitors performing for BGF
- Shoosmiths (Aleks Bosch, Jordan Telford) – Solicitors performing for Signify
- Readability (Katie Edwards) – tax recommendation
- SBR (Alan Morton, Juliet Corridor, Thomas Coles) – gross sales diligence
- CIL Administration Consultants (James Silk, Craig Abrahams) – industrial due diligence
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About BGF:
BGF was established in 2011 and has invested over £4bn in over 600 firms, making it the UK's most lively investor. BGF is a non-controlling minority companion with a affected person funding outlook based mostly on shared long-term aims with the administration groups it helps. BGF invests in rising companies throughout the UK and Eire by way of its community of 15 workplaces. BGF is a British licensed B company (B Corp), reflecting its dedication to creating constructive affect within the rising economic system.
Learn extra right here: www.bgf.co.uk
