Paperchase secures BGF investment for international expansion
Deal News | Feb 13, 2025 | Business Growth Fund (BGF)
Paperchase Accountancy has received a minority growth investment from Business Growth Fund (BGF) to aid in its international expansion, focusing on providing advanced financial services to the hospitality sector globally. The company, with a robust presence in Europe, America, the Middle East, Africa, and Asia, supports over 3,000 hospitality locations. Its clientele includes high-profile names like Zuma and Dishoom. BGF's investment aims to bolster Paperchase's technological capabilities and enhance financial reporting and workforce strategies. The deal was facilitated by BGF's London investment team, marking a significant step for Paperchase toward executing its growth strategies across new and existing global markets.
Sectors
- Financial Services
- Hospitality
Geography
- United Kingdom – Paperchase was founded in London and the investment was led by BGF's London team.
- Global – Paperchase operates globally across Europe, America, the Middle East, Africa, and Asia, and the investment aims to expand this reach.
Industry
- Financial Services – Paperchase operates within the financial services industry, providing accountancy and financial management for the hospitality sector.
- Hospitality – The investment focuses on Paperchase's growth within the hospitality industry, supporting clients like restaurants, bars, and pubs.
Financials
- Not provided – The specific amount of the minority growth investment from BGF into Paperchase was not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paperchase Accountancy | Target Company | Company | A financial management firm specializing in the hospitality sector, based in London with a global presence. |
| Business Growth Fund (BGF) | Investor | Company | A UK-based growth capital investor providing financial and strategic support. |
| Nish Patel | CEO | Person | Chief Executive Officer of Paperchase Accountancy. |
| Zahir Kasmani | Lead Investor | Person | Investor at BGF leading the Paperchase deal. |
| Alex Chang | BGF Investment Team | Person | Member of BGF's London investment team involved in the deal. |
| Matthew Connor | BGF Investment Team | Person | Member of BGF's London investment team involved in the deal. |
| Alex Snodgrass | BGF Investment Team | Person | Member of BGF's London investment team involved in the deal. |
| Steven Clarke | Non-Executive Chair | Person | Appointed as Non-Executive Chair of Paperchase's Board following the investment. |