Window blinds company founded in 1979 will use follow-on funding to boost growth and build its European sales and distributionStuart Dickson from Mzuri Group: 'We view this latest round of funding as a tremendous endorsement of our plans'Venture capital fund BGF has invested £10 million into Lisburn-based window blind company Mzuri Group to support its growth plans.
Mzuri, which designs, manufactures and distributes window coverings, will use the funding for further acquisitions to boost its growth and build its European sales and distribution. Since April 2020, it has increased revenues to £195 million, up from £70 million, as it made 10 acquisitions and grew the core business organically.
“Mzuri has significantly expanded its business since BGF first invested in the company, and we view this latest round of funding as a tremendous endorsement of our plans for further growth in the years ahead,” said Stuart Dickson, managing director of Mzuri Group. “As well as its substantial capital support, access to BGF’s network and its expert advice has been invaluable as we have assessed acquisition opportunities and moved into new markets.
BGF has invested in more than 450 companies, spending more than £3 billion to back them. To date, it has invested about £60 million in Northern Irish businesses, including Braidwater, RiverRidge, Audit Comply, Bob & Berts, Uform, and its Mzuri backing.