ST FRANCIS SOLD TO AMERISOURCEBERGEN

We finished 2015 strongly with the sale of St Francis to MWI, a subsidiary of AmerisourceBergen - a Fortune 150 company with its HQ in Pennsylvania.

St Francis is the leading veterinary buying group in the UK and we acquired the business from the founder, John Hodgkin in 2010. At the time of the original buy-out St Francis had 260 members. During our period of ownership we experienced strong growth and strengthened the management team considerably. At the time of exit St Francis had over 450 member vet practices and had become the clear market leader.

THE EXIT OF ST FRANCIS REPRESENTED A 6 TIMES MULTIPLE ON THE ORIGINAL ACQUISITION PRICE BACK IN 2010.

BCF EQUITY PARTNERS ACQUIRE SAFEGUARD GLAZING - DECEMBER 2015

We acquired the Peterborough based, Safeguard Glazing in December for an undisclosed sum with the BCF team taking a 28% stake, co-investing alongside 2 private investors and 2 members of the management team.

We were able to acquire the business at a competitive price as it had experienced cash flow problems following a protracted move to new, larger 28,000 sq ft premises. We have been very active in the business recruiting a new Sales Manager and Operations Manager.