TCL Holdings Limited has been acquired by Business Growth Fund
The shareholders of TCL Holdings Limited, Caledonia Investments plc, have announced a US$17 million investment received from Business Growth Fund (BGF) in return for a minority equity stake.
The TCL Group is a national operator providing landscape services, estate management services and play services to housebuilders, property managers and corporate clients.
BGF was established in 2011 to help Britain’s growing smaller and medium sized businesses. Backed by five of UK’s main banking groups – Barclays, HSBC, Lloyds, RBS and Standard Chartered – BGF is an independent company with up to US$4.2 billion capital with which to make long-term equity investments.
Oaklins Cavendish, based in the UK, advised the seller in this transaction.
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