UK growth investor BGF has invested another £5.6m in two businesses already in its portfolio.
The firm has injected £3.6m into Mexican street food chain Barburrito and £2m into budget gym business Xercise4Less, and will still hold minority stakes following the deals.
BGF invested £5m in Xercise4Less in August last year, and £3.25m in Barburrito in March 2012.
John Swarbrick, BGF’s head of portfolio, said, “We are an investor of just three years standing and the majority of our investments are still less than 18 months old.
“However, we are already seeing many encouraging signs of growth across the portfolio of companies that we have backed.
“This sort of sustained growth often requires the provision of further funding and the ability to provide this forms a critical element of BGF’s offer.”
BGF targets investments in British businesses with a turnover of between £5m and £100m, and invests between £2m and £10m in return for a minority equity stake and a seat on the board.
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