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Multi award-winning producer, Evolution Aqua, has introduced a £12 million funding from the UK and Eire’s most lively development capital investor, BGF.
Wigan-headquartered Evolution Aqua is a designer, producer and provider of a variety of water filtration merchandise and related tools, primarily targeted on the aquatics trade for each indoor and outside fish care.
The funding will enable the enterprise to capitalise on bold development alternatives in core markets and drive worldwide enlargement. The numerous minority funding may even allow the prevailing administration group, led by CEO and founder, Nick Jackson, to increase on utility of Evolution Aqua’s market main water filtration know-how into different vertical markets, together with swimming swimming pools and the quickly rising aquaculture house.
Commenting on the deal, Evolution Aqua’s CEO Nick Jackson stated: “Over the previous 20 years, Evolution Aqua has been on the forefront of water filtration know-how, constantly creating merchandise for our big selection of customers, all of which depend on our merchandise to keep up excessive water qualities. We at the moment are able to quickly construct on the platform now we have created, which can embrace launching thrilling new merchandise and increasing our worldwide presence. BGF, with its minority, affected person capital strategy and suppleness, are due to this fact an ideal associate to embark on this subsequent stage of development.”
The deal was led by Neil Inskip and Josh Bean, buyers in BGF’s Manchester group. As a part of the deal, David Algar can be becoming a member of the Evolution Aqua board as Non-Govt Chair. Sourced via BGF’s Expertise Community, David brings a wealth of expertise to the board, most lately as Govt Chair and CEO of personal equity-backed fishing sort out enterprise Fox Worldwide, the place he helped double the scale of the enterprise and led a profitable exit to a US commerce purchaser. David can also be former CEO of main gardening provider firm, Hozelock.
Neil Inskip, head of BGF within the North West, stated: “Evolution Aqua is a market chief within the outside pond and water filtration house, notably on the higher finish of the market. With a superb fame for high quality and reliability, coupled with an in depth and rising product vary and vital sector potential, there’s an actual alternative for Nick and the group to maximise their development ambitions and take their award-winning filtration know-how into untapped markets. We’re delighted to be supporting Evolution Aqua on this thrilling journey, as they intention to capitalise on the potential that lies forward.”
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