14 March 2019: BGF, the UK’s most active investor in growing businesses, has invested £11.6m in Invenio, a UK-headquartered and global provider of business focussed technology solutions and consulting services, to support the business’s continued growth.
Founded in 2006 and headquartered in Reading, Invenio provides consulting services and technology solutions for organisations in the media, manufacturing & logistics, and public sector verticals.
Invenio delivers successful transformational projects and business critical technology solutions with exceptional customer focus, deep industry expertise and a transparent approach.
Invenio has over 750 employees working for customers worldwide with delivery centres across seven countries - UK, India, Mauritius, Saudi Arabia, Fiji, USA and UAE – and has a strong track record with global partners and clients. SAP, the world’s largest enterprise software vendor, named Invenio as one of its leading partners globally for tax and revenue management and the media industry. Invenio’s customers include Universal Music Group, Kuehne & Nagel, the BBC and the Fijian and Saudi Tax authorities.
The investment from BGF will help the business scale by expanding its offering, improving its services and growing through acquisition.
Arun Bala, CEO of Invenio, said: “Invenio was set up on the core values of exceptional customer focus, deep industry and technology expertise, transparency and employee care. Our core values, a unique culture and a highly valued customer engagement model have helped us grow over the last thirteen years and maintain deep relationships with our clients.
We are delighted to have BGF on board for the next stage of our journey and are looking forward to making the most of the team’s expertise in this space. BGF’s investment will help us continue to invest and grow to meet demand, whilst keeping control of our business and staying true to our values.”
Alex Snodgrass, an investor at BGF who will join the board of Invenio, said: “Invenio is a fantastic, fast-growing business which has created a market-leading position and a loyal and constant customer base. Arun and the team have exceptional deep domain knowledge and experience, and we’re delighted to be a part of this exciting next step for Invenio as it grows to meet demand on a global scale.”
The investment was led for BGF by Alex Snodgrass, Jack Teasdale and Tim Rea.
The advisors to the transaction were:
BGF: Wilson Partners and Field Seymour Parkes
Invenio: PwC, CIL, RSM and WBD
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Invenio Business Solutions is an award-winning company, headquartered in Reading, UK, which solves complex business challenges with innovative technical solutions. The company has specialist expertise and experience in media, manufacturing and logistics, and the public sector. Formed in 2006, Invenio has subsidiary offices in Germany, Mauritius, Saudi Arabia, Dubai, Fiji, India and USA with a 750-strong workforce.
- BGF was set up in 2011 and has invested more than £1.8bn in over 260 companies, making it the most active investor in the UK and globally by number of transactions. On average, BGF invested in one company per week in 2018.
- BGF has £2.5bn to invest in UK SMEs and in Ireland, and an additional €250m to support Irish businesses. Earlier this year, Canada launched its equivalent – the Canadian Business Growth Fund – based on BGF’s funding model, and Australia is now actively exploring the approach as well.
- BGF is a minority, non-controlling equity partner with a patient outlook on investments, based on shared long-term goals with the management teams it backs.
Social media: @BGFinvestments
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