17/11/2017

£9.5m BGF Investment in Northampton based Medigold Health

Howes Percival LLP’s corporate team has successfully advised BGF in its £9.5m investment into Northampton based Medigold Health Consultancy Limited. Medigold Health is a leading provider of occupation health and corporate wellbeing services, which now has the backing to push forward with ambitious expansion plans. It has already completed two acquisitions with the funding provided by BGF.   

Professional support for BGF’s investment came from corporate lawyers Gerald Couldrake, Matt Thompson and Miles Barnes, assisted by Graham Irons from the employment team. BGF also received due diligence support from Macintyre Hudson (tax) and AKCA Consulting (financial). David Browne at Hewitsons advised Medigold Health.

Medigold Health was founded in Northamptonshire 20 years ago by Dr Mike Goldsmith and is now led by his son, Alex Goldsmith who will continue to run this family owned business in order to help employers keep their staff in work, safe and well. The hope is that BGF’s investment will help boost Medigold Health’s coverage and expand its breadth of service to customers across the UK.
Following BGF’s investment last year into a dedicated office in Milton Keynes which services the Northamptonshire, Bedfordshire, Buckinghamshire, Cambridgeshire and Hertfordshire markets, this is the third investment in a Northamptonshire based business in the last four years. James Syrotiuk, Investor at BGF, led the transaction and will join the board at Medigold Health and was supported by Joanne Smith and Mark Freer.

James Syrotiuk commented: “Medigold Health is well respected in the sector and has the infrastructure and management team to scale up significantly. With general levels of employment on the increase and awareness growing among businesses of the importance of promoting employee health, Medigold Health’s offer is especially strong. We are always keen to use local advisors on all our transactions and we were thoroughly impressed with the commercial, pragmatic and responsive team at Howes Percival who were instrumental in helping us get the deal to completion under pressured timescales.”

Commenting on the deal, Gerald Couldrake noted “We are delighted to have assisted BGF in relation to its investment. The team at BGF are incredibly hardworking, and will be a real asset to the Medigold Health board, adding a different perspective to their thinking. I have no doubt that they will help drive the business forward over the next few years and we look forward to working with BGF on their future investments. This investment follows a string of high profile investment deals in the region advised on by our Northampton Office this year, including the private equity investment into the company behind Virgin Experience Days, and acting for the shareholders of Blue Skies Holdings Limited who sold a minority stake to a private equity fund set up by Sir Bob Geldof.”

Howes Percival’s corporate and commercial team was recently shortlisted as a finalist in 6 different categories at the Insider Central and East Dealmakers Awards 2017, and is ranked as one of the leading advisors in the region for Corporate and Commercial work in the most recent Legal 500 report.

If you are thinking about investing in or acquiring a business, or are thinking about exiting your own, please contact Gerald Couldrake on 01604 258 011 or by email at gerald.couldrake@howespercival.com.

If you would like to learn more about BGF and its ability and willingness to invest in businesses to help fund growth, please contact James Syrotiuk on 01908 933 232 or by email at james.syrotiuk@bgf.co.uk.