BGF backs Evolution Aqua in £12m investment
Multi award-profitable manufacturer, Evolution Aqua, has introduced a £12 million investment from the Uk and Ireland’s most energetic advancement funds trader, BGF.
Wigan-headquartered Evolution Aqua is a designer, company and supplier of a wide variety of water filtration products and solutions and associated tools, principally focused on the aquatics market for equally indoor and outside fish care.
The funding will let the organization to capitalise on bold progress options in main markets and travel global enlargement. The significant minority financial investment will also empower the current management team, led by CEO and founder, Nick Jackson, to broaden on software of Evolution Aqua’s current market foremost h2o filtration know-how into other vertical marketplaces, together with swimming swimming pools and the fast developing aquaculture place.
Commenting on the offer, Evolution Aqua’s CEO Nick Jackson claimed: “Over the earlier 20 several years, Evolution Aqua has been at the forefront of h2o filtration technological know-how, continuously establishing solutions for our large range of consumers, all of which rely on our goods to sustain substantial water characteristics. We are now in a situation to rapidly establish on the platform we have produced, which will incorporate launching interesting new merchandise and growing our global existence. BGF, with its minority, individual capital technique and adaptability, are hence a great lover to embark on this upcoming stage of expansion.”
The deal was led by Neil Inskip and Josh Bean, buyers in BGF’s Manchester workforce. As part of the offer, David Algar will be becoming a member of the Evolution Aqua board as Non-Government Chair. Sourced by means of BGF’s Talent Network, David brings a wealth of knowledge to the board, most a short while ago as Govt Chair and CEO of private equity-backed fishing tackle organization Fox Global, the place he aided double the dimensions of the business enterprise and led a successful exit to a US trade consumer. David is also former CEO of leading gardening supplier company, Hozelock.
Neil Inskip, head of BGF in the North West, claimed: “Evolution Aqua is a sector chief in the outside pond and drinking water filtration room, particularly at the higher stop of the current market. With an exceptional standing for good quality and trustworthiness, coupled with an in depth and escalating solution variety and major sector potential, there is a true option for Nick and the team to maximise their development ambitions and take their award-profitable filtration technological innovation into untapped markets. We’re delighted to be supporting Evolution Aqua on this exciting journey, as they purpose to capitalise on the possible that lies forward.”
